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Eurocastle Releases First Quarter 2021 Interim Management Statement and Announces Annual General Meeting on 16 June 2021

Nachrichtenquelle: globenewswire
14.05.2021, 08:00  |  154   |   |   

Contact:        
Oak Fund Services (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450        

Eurocastle Releases First Quarter 2021 Interim Management Statement and
Announces Annual General Meeting on 16 June 2021

Guernsey, 14 May 2021 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) today has released its interim management statement for the quarter ended 31 March 2021.

Q1 2021 BUSINESS HIGHLIGHTS

  • Adjusted Net Asset Value (“NAV”)1 of €16.3 million, or €8.77 per share2, up €0.31 per share vs. €8.46 per share at 31 December 2020 (after payment in Q1 2021 of €0.54 per share of 2020 capital distribution) due to:

Valuation increases:

  • €0.27 per share increase (7%) in the valuation of the remaining three real estate fund investments.
  • €0.04 per share increase (7%) in the valuation of the remaining three NPL and other loan interests.
                         
    Q4 2020 NAV   Q1 Cash Movement   Q1 FV Movement   Q1 2021 NAV
    € million € per share   € million € per share   € million € per share   € million € per share
Real Estate Funds   7.4 4.01   (2.8) (1.51)   0.5 0.27   5.1 2.77
Italian NPLs & Other Loans   1.2 0.67   (0.0) (0.01)   0.1 0.04   1.3 0.70
Net Corporate Cash3   8.0 4.32   1.8 0.98                -      -   9.8 5.30
Adjusted NAV
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Eurocastle Releases First Quarter 2021 Interim Management Statement and Announces Annual General Meeting on 16 June 2021 Contact:        Oak Fund Services (Guernsey) LimitedCompany AdministratorAttn: Mark WoodallTel: +44 1481 723450         Eurocastle Releases First Quarter 2021 Interim Management Statement andAnnounces Annual General Meeting on 16 June 2021 …

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