Alternative Liquidity Fund Limited Portfolio Update (1640R)
September 19 2017 - 5:39AM
UK Regulatory
TIDMALF
RNS Number : 1640R
Alternative Liquidity Fund Limited
19 September 2017
RNS Announcement
19 September 2017
ALTERNATIVE LIQUIDITY FUND LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 60552)
PORTFOLIO UPDATE
Alternative Liquidity Fund Limited (the "Company") is pleased to
announce that it has been advised by the administrator of 3D Propco
Limited ("the Fund") that the Fund has sold its underlying asset,
the Bintan Lagoon Resort ("BLR") in Indonesia. As a result, the
Company has received a distribution of US$5.15 million against the
Company's carrying valuation of US$4.8 million.
We would note however that the most recent Fund-quoted net asset
value of the Company's position in the Fund was US$9.6 million and
that the Company has been extremely disappointed thus far with the
lack of transparency and information provided by the Fund with
respect to the sale of BLR. The Company will continue to seek
further clarification regarding Fund operations, key details of the
sale and the potential for any further distributions to ensure that
investor interests have been treated appropriately.
The Directors of the Company intend to make arrangements for a
return of surplus capital to shareholders as soon as practicable
and a further announcement will be made in due course.
All Enquiries
Tim Gardner
Tel. +44 20 3551 2917
Email. tg@waranacap.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information Service
this inside information is now considered to be in the public
domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFULLFFIADIALID
(END) Dow Jones Newswires
September 19, 2017 06:39 ET (10:39 GMT)
Alternative Liquidity (LSE:ALF)
Historical Stock Chart
From Apr 2024 to May 2024
Alternative Liquidity (LSE:ALF)
Historical Stock Chart
From May 2023 to May 2024
