Global Fixed Income Realisation Ltd Portfolio Update (9447Q)
September 18 2017 - 1:00AM
UK Regulatory
TIDMGFIR
RNS Number : 9447Q
Global Fixed Income Realisation Ltd
18 September 2017
GLOBAL FIXED INCOME REALISATION LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 45717)
FURTHER RE: PORTFOLIO UPDATE
On 29 August 2017 Global Fixed Income Realisation Limited (the
"Company") announced that it had been advised by the administrator
of 3D Propco Limited ("the Fund") that the underlying asset, the
Bintan Lagoon Resort ("BLR") in Indonesia, had been sold.
The Company today announces that it has received from the Fund's
administrator a cash distribution equivalent to GBP3.067 million.
The Company has requested, but is still yet to receive, details
underlying the sale and cash distribution, in particular what the
proceeds of sale of the BLR were and whether any additional
distributions to Fund holders are expected.
The cash received compares with the Company's carrying value of
its holding in the Fund of GBP3.733 million (net of the valuation
reserves applied).
The Board intends to make arrangements for a return of surplus
capital to shareholders as soon as practicable.
A further announcement will be made in due course.
Enquiries
Numis Securities Limited
Nathan Brown, Corporate Broking and Advisory
Tel. +44 (0) 20 7260 1426
Email: n.brown@numis.com
Praxis Fund Services Limited
Tel. +44 (0)1481 737 600
This announcement has been issued through the Companies
Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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