17th Mar 2008 16:04
Close High Income Properties PLC17 March 2008 CLOSE HIGH INCOME PROPERTIES PLC (the "Company") ANNOUNCEMENT OF NAV The board of Close High Income Properties PLC advise that as at close ofbusiness on 29 February 2008, the unaudited net asset value per Ordinary Shareof 1 penny each of the Company was 101.03 pence (31 January 2008: 101.00 pence).The unaudited net asset value per "D" Ordinary Share of 1 penny each was 71.39pence (31 January 2008: 71.26 pence). This represents an increase of 0.03 percent per Ordinary Share and an increase of 0.18 per cent per "D" Ordinary Share. The net asset value is based on the external valuation of the Company's propertyportfolio prepared by DTZ Debenham Tie Leung Limited at 31 December 2007 as wellas property transactions completed during the months of January and February2008. There were no property sales completed during February 2008. The net asset value is calculated under International Financial ReportingStandards ("IFRS"). Set out below is a breakdown of the change to the unaudited net asset values pershare calculated over the period from 31 January 2008 to 29 February 2008. Ordinary Share "D" Ordinary Share Pence per share % of opening NAV Pence per share % of opening NAVNet asset value per share as at 31 January 2008 101.00 71.26Increase in interest rate swap valuation 0.08 0.08 0.08 0.11Movement in revenue reserves (0.05) (0.05) 0.05 0.07Net asset value per share as at 29 February 2008 101.03 0.03 71.39 0.18 The property portfolio will next be valued by an external valuer at 31 March2008 and the net asset value per share as at 31 March 2008 will be announced inApril 2008. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IMPT.L