LONDON, Sept. 22, 2014 /PRNewswire/ -- Juridica
Investments Limited ("Juridica", "JIL", or the "Company") (AIM:
JIL), the leading provider of strategic capital to both businesses
and the legal markets for corporate legal claims, has announced its
financial results for the six months ended 30 June 2014.
The Company showed gross proceeds of US$84.6 million. Of this total, US$53.5 million in estimated net proceeds will be
paid to the Company on 31 December
2014. This will represent an estimated 43.8% increase over
net proceeds paid to the Company in 2013.
Net Asset Value ("NAV") per ordinary share increased 4.45% to
US$2.11 at 30
June 2014 (US$2.02 at
31 December 2013) driven by total
comprehensive income of approximately US$10.3 million generated during the six month
period ended 30 June 2014.
It is anticipated that a dividend of US$37 million (20
pence per share) will be declared at year end. Following
this distribution, JIL will have returned approximately
US$101.3 million in dividends to
shareholders (58.6 pence per
share.)
Richard Fields, CEO of Juridica
Asset Management limited, said, "During the first half of the year
the Company has continued to manage its maturing portfolio of
antitrust and commercial investments, while developing its patent
activities through its partnership with ipCreate. Many of our
investments are beginning to generate the returns that we expected.
We are looking forward to even more such returns in the future
which should be reflected in attractive dividend income and NAV
growth."
During 2014 Juridica entered into a partnership with ipCreate, a
company that funds and executes strategic invention and IP creation
projects. Juridica has initially funded one new patent investment
with ipCreate and the National Football League Players Association.
An additional three supplemental patent portfolio investments
related to existing patent cases have also been made. As of
30 June 2014 the Company had invested
or committed approximately US$148.4
million across 16 investments.
About Juridica Investments Limited
Juridica Investments is a leading provider of strategic capital
to the business community and the legal markets for corporate
claims. It invests directly and indirectly in a diversified
portfolio of corporate claims in both litigation and arbitration.
Juridica is one of the premier sources of value-added and direct
financing for large business claims in the United States as well as one of the
leading sources in the United
Kingdom. The Company's clients are Fortune 1000 companies,
FT Global 500 companies, inventors, major universities, and the
leading law firms that represent them. Juridica only invests in
cases undertaken by leading law firms that they have carefully
vetted.
Juridica works to make the legal system work better for business
claims. It does not invest in speculative claims or claims that do
not demonstrate economic value and clear merits. Juridica invests
only in business claims, and does not invest in class actions,
personal injury, product liability, or mass tort claims. The
Company's goal is to provide business clients with financial
choices that reduce risk and assist in maximizing claim value.
Juridica was established in December
2007 as a limited liability, closed-ended investment company
registered in Guernsey. It currently has over US$200 million of assets under management. It was
the pioneer in alternative litigation financing and the first
closed-end fund of its kind ever listed on AIM, a market operated
by the London Stock Exchange (AIM: JIL).
The Company has appointed Juridica Asset Management Limited as
its exclusive investment manager to locate, evaluate and manage
direct and indirect investments in cases, claims and disputes.
http://www.juridicainvestments.com
SOURCE Juridica Investments Limited