Chenavari Toro Income Fund Limited Net Asset Value(s) (8826K)
27 Avril 2020 - 8:00AM
UK Regulatory
TIDMTORO
RNS Number : 8826K
Chenavari Toro Income Fund Limited
27 April 2020
Chenavari Toro Income Fund Limited (the Company)
27 April 2020
Net Asset Value Per Share
The Company announces the following unaudited net asset value
per share as at 31 March 2020:
Ordinary Share: EUR 0.7643
Please note that the marks of a few real estate transactions
(Spanish real estate development, Spanish mortgage NPL and Irish
mortgage portfolio - in total accounting for 22% of the Company's
NAV as at 31 March 2020) have been kept unchanged as there is no
material observable element justifying a mark down of these
positions in the context of COVID-19 as at the NAV date. The
Manager, in accordance with the Board of Directors, believe it is
too early to assess whether COVID-19 has had any material effect on
the underlying real estate collateral value. As at the date of this
announcement, the Manager, in accordance with the Board of
Directors, believe that the maximum downside related to these
investments could account for a -5.5% impact on the NAV of the
Company.
The monthly factsheet will be published in due course.
Further information in relation to the Company is available
at:
http://www.chenavaritoroincomefund.com
Enquiries :
Kirstie Sumarno or Guy Goyard
Chenavari Investment Managers
Email: tlir@chenavari.com
Telephone: +44 20 7259 3600
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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