EJF Investments Ltd Recent Investment Announcement (4443G)
November 25 2020 - 1:00AM
UK Regulatory
TIDMEJFI TIDMEJFZ
RNS Number : 4443G
EJF Investments Ltd
25 November 2020
FOR IMMEDIATE RELEASE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE
REPUBLIC OF IRELAND), AUSTRALIA, CANADA, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
25 November 2020
EJF Investments Ltd
Recent Investment Announcement
The Board of EJF Investments Ltd (together with its
subsidiaries, "EJFI" or the "Company") is pleased to announce that
the Company committed to make its tenth risk retention investment
in the preferred shares of an upcoming securitisation sponsored by
EJF Capital LLC ("EJF").
The securitisation, TruPS Financials Note Securitization 2020-2
("T FINS 2020-2"), priced on 24 November 2020, and, in connection
with the pricing, the Company committed to invest approximately
GBP6.7 million(1) at closing, which is expected to occur in
December 2020, subject to completion of certain customary
conditions.
The underlying collateral of TFINS 2020-2 mainly consists of
trust preferred securities, subordinated debt senior notes, and
surplus notes of 26 U.S. banks and 10 insurance companies with an
aggregate par value of approximately $177.245 million.
EJF CDO Manager LLC (the "CDO Manager") will serve as the
collateral manager for TFINS 2020-2 and will earn a management fee
as well as an incentive management fee, subject to certain
conditions. The Company will also benefit from the economics
generated by the CDO Manager through the Company's 49% ownership
interest in the CDO Manager.
(1) As converted using foreign exchange rates reported for the
date of pricing.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Hammad Khan / Matt Gill
pstage@ejfcap.com / hkhan@ejfcap.com / mgill@ejfcap.com
+44 203 752 6775 / +44 203 752 6771 / +44 203 752 6774
For the Company Secretary and Administrator
BNP Paribas Securities Services S.C.A Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 181 / +44 1534 813 996
For the Broker
Numis Securities Limited
David Luck
d.luck@numis.com
+44 20 7260 1301
About EJF Investments Ltd
EJFI is a registered closed-ended limited liability company
incorporated in Jersey under the Companies (Jersey) Law 1991, as
amended, on 20 October 2016 with registered number 122353. The
Company is regulated by the Jersey Financial Services Commission
(the "JFSC"). The JFSC is protected by both the Collective
Investment Funds (Jersey) Law 1988 and the Financial Services
(Jersey) Law 1998, as amended, against liability arising from the
discharge of its functions under such laws.
The JFSC has not reviewed or approved this announcement.
LEI: 549300XZYEQCLA1ZAT25
Investor information & warnings
The latest available information on the Company can be accessed
via its website at www.ejfi.com .
This communication has been issued by, and is the sole
responsibility of, the Company and is for information purposes
only. It is not, and is not intended to be an invitation,
inducement, offer or solicitation to deal in the shares of the
Company. The price and value of shares in the Company and the
income from them may go down as well as up and investors may not
get back the full amount invested on disposal of shares in the
Company. An investment in the Company should be considered only as
part of a balanced portfolio of which it should not form a
disproportionate part. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before
making any investment decision.
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END
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