18th May 2015 09:15
LONDON (Alliance News) - Carador Income Fund PLC Monday said its net asset value per share fell in the first quarter of 2015, following a slow start to the year in the collateralised loan obligation market which offset a good start in the US loan market.
The fund, which invests in senior notes of collateralised debt obligations, said its net asset value per share fell to USD0.8889 at the end of March, from USD0.8993 at the end of December.
The US loan market started the year well, the fund said, but the collateralised loan obligation market had a slow start to the year, though this momentum has started to pick up.
Carador shares were untraded Monday, having last traded at 0.695 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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