Net Asset Value(s)

 

TIDMCDO 
 
RNS Number : 6708X 
Carador PLC 
19 August 2009 
 
RNS Announcement 
 
 
Carador plc 
18 August 2009 
 
 
Net Asset Value 
 
 
As at the close of business on 31 July 2009, the unaudited net asset values per 
Share were as follows: 
 
 
+----------------+----------------------+-----------------+ 
| Share class    |         NAV          | Monthly         | 
|                |                      | performance     | 
+----------------+----------------------+-----------------+ 
| EUR Shares     | EUR 0.4131           | -1.77%          | 
|                |                      |                 | 
+----------------+----------------------+-----------------+ 
| USD Shares     | USD 0.5317           | -1.88%          | 
+----------------+----------------------+-----------------+ 
 
 
 
The decrease in the month includes the payment of the interim dividend of 0.0149 
per Euro share or USD 0.0208 per USD share declared by the Board on 13 July 
2009. 
 
 
This month's calculations include an estimated EUR 1,483,838.19 of net cash flow 
interest received in the month (to be allocated between capital and income), 
which equates to EUR 0.0112 or USD 0.0159 per Share. 
 
 
 
 
Following the July month end, Carador sold its investment in the senior notes of 
GELCT 06-2, a 2006 vintage CLO, realising profits of $1.63 million. This 
investment was the first by Carador in a senior CLO security following the 
change in the investment policy approved by shareholders on 9 of March 2009. 
Carador initially invested $4.04 million in April 2009 and received aggregate 
proceeds of $5.67 million (including $2.10 million of principal repayments) 
representing a total cash on cash return of 1.4 times the initial investment 
over the 4 month holding period. This investment was included in the July NAV at 
the sales price of 92.5% of face value. This compares to the June NAV valuation 
of 65% of face value. 
 
 
 
 
 
 
 
 
This announcement is not for distribution in or into the US or to any US person 
(as defined in Regulation S under the US Securities Act of 1933, as amended) 
(the "Securities Act"). This announcement is not an offer of securities for sale 
in the United States or elsewhere. The Shares of the Company have not been and 
will not be registered under the Securities Act and may not be offered or sold 
in the United States unless registered under the Securities Act or pursuant to 
an exemption from such registration. The Company has not been and will not be 
registered under the US Investment Company Act of 1940, as amended (the 
"Investment Company Act"). There has been and will be no public offering of the 
Shares in the United States. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NAVEAXPNFFFNEEE