11th Apr 2014 14:00
11 April 2014
Japan Residential Investment Company Limited
(the "Company")
Update on Net Asset Value
Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan.
The Net Asset Value ("NAV") for the Company as of 28 February 2014 (unaudited) was 58.4 pence per share (¥99.6 per share) compared to 58.7 pence per share (¥98.5 per share) as at 30 November 2013. This NAV reflects an increase of 0.8 pence from underlying profit and decreases of 0.9p due to net foreign exchange gains and 0.2 pence due to net loss on fair value adjustments. The calculation of NAV is based on external valuations of investment properties as at 30 November 2013, or the most recent external valuations of properties purchased after that date.
The Net Asset Value in Sterling is determined using the Yen: Sterling exchange rate of ¥170.448, which was the prevailing rate as at 28 February 2014 (30 November 2013: ¥167.673).
Enquiries:
KK Halifax Management Limited Manager
| Edward Barrow | +65 6593 8904 |
KK Halifax Asset Management Investment Adviser
| Alec Menikoff | +81 (0)3 5563 8771 |
Smith & Williamson Corporate Finance Limited Nominated Adviser
| Azhic Basirov David Jones | +44 (0)20 7131 4000 |
Jefferies Hoare Govett Joint Broker
| Sara Hale Simon Hampton | +44 (0)20 7029 8000 |
Liberum Capital Limited Joint Broker
| Richard Bootle | +44 (0)20 3100 2222 |
Related Shares:
JRIC.L