JZ Capital Ptnrs Ltd Company Update

 
TIDMJZCP TIDMJZCN TIDMJZCC 
 
JZ CAPITAL PARTNERS LIMITED 
(a closed-end collective investment scheme incorporated with limited liability 
           under the laws of Guernsey with registered number 48761) 
                           LEI: 549300TZCK08Q16HHU44 
 
                                Company Update 
 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET 
ABUSE REGULATION (EU) NO. 596/2014. 
 
 
22 April 2020 
 
The Board of JZ Capital Partners Limited ("JZCP" or the "Company"), the London 
listed fund that invests in US and European micro-cap companies and US real 
estate, today announces a proposed change to the Company's investment policy. 
 
Under the proposals, the Company will make no further investments except in 
respect of which it has existing obligations or to the extent that investment 
is required to support existing investments. The intention is to realise the 
maximum value of its investments and, after repayment of all debt, to return 
capital to shareholders. 
 
Whilst the Investment Managers have been working assiduously in difficult 
circumstances to stabilise the Company's investments, the Board of JZCP 
recognises that, as a result of the disappointing and significant losses in 
value of its real estate portfolio and poor performance, and having reviewed 
all available options, there has to be a change in investment policy. 
 
This represents a change of emphasis from what was announced in the interim 
statement, but the Board is confident that this proposed new policy would now 
receive strong shareholder support and a resolution to that effect will be put 
to shareholders as soon as possible. 
 
Additionally, in light of the uncertainties created by the Covid 19 crisis, the 
announcement of the Company's financial results for its year ended 29th 
February 2020 originally scheduled for mid-May, will be delayed until mid-June. 
 
For further information: 
 
Ed Berry / Kit Dunford                                     [phone] 
FTI Consulting                                             / 1143 
 
David Zalaznick                                            [phone] 
Jordan/Zalaznick Advisers, Inc. 
 
Sam Walden                                                 [phone] 
Northern Trust International Fund Administration Services 
(Guernsey) Limited 
 
 
 
END 
 

(END) Dow Jones Newswires

April 22, 2020 09:31 ET (13:31 GMT)