JZ Capital Ptnrs Ltd Net Asset Value(s)
05 Gennaio 2021 - 10:22AM
UK Regulatory
TIDMJZCP TIDMJZCC TIDMJZCN
JZ CAPITAL PARTNERS LIMITED (the "Company" or "JZCP")
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44
Clarification regarding the Company's 30th November 2020 Net Asset Value
("NAV") and the completed Secondary Sale
The unaudited Net Asset Value per Ordinary Share of the Company as at the close
of business on 30th November 2020 was as follows:
Company Name Date NAV per Ordinary Share
JZ Capital Partners 30th November 2020 US$ 4.36
Limited
JZCP's NAV at 30 November 2020 is $4.36 per share ($4.51 at 31 October 2020),
the decrease in NAV per share of (15) cents per share is due to net investment
losses of (8) cents, expenses and finance costs of (4) cents, net fx losses of
(1) cent and change in the fair value of the Company's CULS of (3) cents offset
by accrued income of 1 cent.
In December 2020, the Company completed the sale of its interests in certain US
micro-cap portfolio companies (the "Secondary Sale"). The Secondary Sale was
structured as a sale and contribution to a newly formed fund, JZHL Secondary
Fund LP. The Company received consideration of: (i) Cash Consideration, being
$87.7 million (after fees and expenses); and (ii) a special limited partner
interest in the newly formed fund which will initially be valued at
approximately $40.0 million. Adding this figure to the cash consideration
received would indicate a write down to the Company's net asset value of
approximately $40.0 million (52 cents). This write down is not reflected in the
30 November NAV.
Enquiries:
Company website: www.jzcp.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Email: jzcp@ntrs.com
END
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January 05, 2021 04:22 ET (09:22 GMT)
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