Alternative Asset Opps PCC Ltd Net Asset Value(s) (6167V)

TIDMTLI

RNS Number : 6167V

Alternative Asset Opps PCC Ltd

19 April 2016

Alternative Asset Opportunities PCC Limited (the "Company")

19 April 2016

The Board of Alternative Asset Opportunities PCC Limited (the "Company") announces that the net asset value of the US Traded Life Interests Fund at 31 March 2016 was 51.2 pence per share. This represents a decrease of 0.5 pence per share from the NAV at 29 February 2016.

It is estimated that exchange rate movements during the month had a negative impact of approximately 1.6 pence per share. Valuation changes and LE updates had a positive impact of approximately 0.6 pence per share. Premiums and other administration expenses cost approximately 0.9 pence per share.

The policy maturity notified on 22 February 2016 carrying a face value of US$4,000,000 was formally certified in mid-March and proceeds were received in early April. The resulting uplift to the NAV of approximately 1.4p is included in the NAV announced above.

The Company's borrowings as at 31 March 2016 stood at US$nil. Total cash amounted to US$4,945,611.

Enquiries:

 
 Tracey Lago          Tel: [phone] 
  Company Secretary 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVGGUCCCUPQUMB

(END) Dow Jones Newswires

April 19, 2016 03:46 ET (07:46 GMT)