27th Oct 2014 09:52
LONDON (Alliance News) - Inland ZDP PLC Monday said its 124.00 pence share price on June 30 was a 11.4% premium to its net asset value per ZDP share of 111.34 pence on the same date, an improvement from the 5.8% premium of a year earlier.
The company is a wholly owned subsidiary of Inland and was established solely for the purpose of issuing and redeeming ZDP Shares.
Its gross assets stood at GBP126.6 million at the end of June, up from GBP85.5 million a year earlier. The final redemption liability of the ZDP shares was GBP16.0 million, up from GBP14.6 million, resulting in a cover ratio of 7.9 times, up from 5.86 times.
Inland ZDP shares last traded October 21 at 124.50 pence.
By Steve McGrath; [email protected]; @stevemcgrath1
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