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Monthly Update

1st Mar 2017 15:00

RNS Number : 2615Y
P2P Global Investments PLC
01 March 2017
 

P2P Global Investments PLC (the "Company")

MONTHLY UPDATE 

 

 

Monthly Update

 

P2P Global Investments PLC announces that its Newsletter for January 2017 is now available on its website at:

 

http://p2pgi.com/investorrelations/view/P2PGlobalInvestmentsJanuaryFactsheet2017

 

Key points:

· P2P Global Investments PLC returned 0.24% of NAV growth, its 32nd consecutive month of positive NAV returns since inception. This growth is after accounting for a negative impact of 0.22%

· MW Eaglewood Europe LLP (the "Investment Manager") continues to actively transition a portion of the book. During January it completed a further sale of US loans. The Investment Manager continues to allocate assets to opportunities in other lending sectors, where more attractive risk-adjusted returns may be achieved

· Effective from 1 January 2017, the Investment Manager has permanently waived the management fee charged on leverage. This will be accretive to shareholder returns with immediate effect

· Although returns have been consistently positive, they remain below the intended rate of return for P2P Global Investments PLC. The Investment Manager is dissatisfied with the net returns achieved by the trust and is currently undertaking a review of additional steps that might be taken to improve results

 

 

Capita Company Secretarial Services Limited - Corporate Secretary

 

1 March 2017

 

The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages, other than the content of the Newsletter referred to above, is neither incorporated into nor forms part of the above announcement.

 

 

 

END OF ANNOUNCEMENT

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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