EJF Investments Ltd Corporate Update (9980K)
10 Mayo 2022 - 10:46AM
UK Regulatory
TIDMEJFI TIDMEJFZ
RNS Number : 9980K
EJF Investments Ltd
10 May 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,
ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE
REPUBLIC OF IRELAND), AUSTRALIA, CANADA, SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
10 May 2022
EJF Investments Ltd
Corporate Update
The Company currently adopts a hedging strategy whereby its US
dollar exposure is hedged against Sterling to cover the final
Sterling capital entitlement of its outstanding 2022 and 2025 zero
dividend preference shares.
Following recent weakness of Sterling against the US dollar, the
Manager has requested that it be allowed to increase the level of
the Company's foreign exchange hedge to crystallise a portion of
recent currency hedge gains. The Board has approved an increase so
that approximately 40% of the Company's US dollar assets are hedged
against currency movements, and that this level may be moved up or
down to hedge between 60% of US dollar assets and final capital
entitlement of zero dividend preference shares only, which is
currently around 24% of the Company's US dollar assets.
The hedged and unhedged proportions of US dollar assets will be
disclosed in the monthly factsheet. The Board will review the
Company's hedging policy regularly and will communicate any
material changes to the strategy in future.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage / Matt Gill
pstage@ejfcap.com / mgill@ejfcap.com
+44 203 752 6775 / +44 203 752 6771 / +44 203 752 6774
For the Company Secretary and Administrator
BNP Paribas Securities Services S.C.A Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 181/ +44 1534 813 996 / +44 1534 709 198
For the Broker
Liberum Capital Limited
Darren Vickers / Owen Matthews / Lydia Zychowska
+44 203 100 2222
About EJF Investments Limited
EJFI is a registered closed-ended limited liability company
incorporated in Jersey under the Companies (Jersey) Law 1991, as
amended, on 20 October 2016 with registered number 122353. The
Company is regulated by the Jersey Financial Services Commission
(the "JFSC"). The JFSC is protected by both the Collective
Investment Funds (Jersey) Law 1988 and the Financial Services
(Jersey) Law 1998, as amended, against liability arising from the
discharge of its functions under such laws.
LEI: 549300XZYEQCLA1ZAT25
Investor information & warnings
The latest available information on the Company can be accessed
via its website at www.ejfi.com .
This communication has been issued by, and is the sole
responsibility of, the Company and is for information purposes
only. It is not, and is not intended to be an invitation,
inducement, offer or solicitation to deal in the shares of the
Company. The price and value of shares in the Company and the
income from them may go down as well as up and investors may not
get back the full amount invested on disposal of shares in the
Company. An investment in the Company should be considered only as
part of a balanced portfolio of which it should not form a
disproportionate part. Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before
making any investment decision.
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END
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May 10, 2022 11:46 ET (15:46 GMT)
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