11th Sep 2007 10:27
Capital & Regional plc11 September 2007 11 September 2007 CAPITAL & REGIONAL PLC: VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS Capital & Regional plc, the co-investing property asset manager, today announcedthat the unit values of the Mall Limited Partnership, the Junction LimitedPartnership and the X-Leisure Limited Partnership as at 31 August 2007 were as follows: Valuation of Unit value Unit value at Underlying Growth in Units owned C&R Unit value properties at 31 December valuation unit value by C&R percentage at 31 31 August 2006 change % (geared) of fund August 2007 2007 (1) (2) (incl MTM) (3)Mall Fund £3,193,287,120 £2.3990 £2.4883 (1.2)% (3.6)% 157,742,057 24.2% £2.4828Junction £1,555,513,272 £2.6449 £2.8481 (3.3)% (7.1)% 85,000,000 27.3% £2.7434FundX-Leisure £942,600,000 £1.8344 £1.7586 3.3% 4.3% 51,949,578 19.4%Fund Notes: (1) The underlying valuation change shows the increase/(decrease) in thevalue of the portfolio as a percentage of opening value adjusted for additionsand disposals, over the eight months. (2) The growth in unit value reflects growth in the capital value (excludingthe impact of debt mark to market adjustments) of the fund over the eightmonths. In addition investors benefit from quarterly distributions of netincome and periodic capital distributions. Capital distributions to fund unit holders reduce the unit price. Inthe year Mall unit holders have received capital distributions of £0.04 perunit, Junction unit holders have received £0.03 per unit and X-Leisure unitholders have received £0.005 per unit. (3) MTM - mark to market unit value including the surplus on revaluation ofinterest rate swaps and fixed interest debt. - ENDS - For further information: Capital & Regional:Martin Barber, Chief Executive Tel: 020 7932 8101William Sunnucks, Group Finance Director Tel: 020 7932 8125 MaitlandMartin Leeburn Tel: 020 7379 5151Emma Burdett Tel: 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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