EJF Investments Ltd Portfolio Update (9777S)
15 Marzo 2023 - 1:00AM
UK Regulatory
TIDMEJFI TIDMTTM
RNS Number : 9777S
EJF Investments Ltd
15 March 2023
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.
15 March 2023
EJF Investments Ltd
Portfolio Update
Following recent events in the US banking industry, EJF
Investments Ltd (the "Company") is pleased to announce that it has
no underlying exposure to SVB Financial Group or Signature Bank,
which have been placed into receivership.
The Company has a small underlying exposure to Silvergate
Capital Corporation, which announced its intent to wind down
operations and voluntarily liquidate Silvergate Bank in an orderly
manner on 8 March 2023. This exposure is to a trust preferred
security and resides in the collateral pools backing two of the
Company's securitisation investments: TruPS Financials Note
Securitization 2019-1 Ltd and TruPS Financials Note Securitization
2019-2 Ltd. The combined exposure is equivalent to less than 2.5%
of the Company's most recently published NAV on a look through
basis, prior to any recoveries. Due to the mechanics of
securitisations, the size of exposure does not automatically
translate into a write-down in NAV of an equal amount.
ENQUIRIES
For the Investment Manager
EJF Investments Manager LLC
Peter Stage
pstage@ejfcap.com
+44 203 752 6775
For the Company Secretary and Administrator
BNP Paribas S.A. Jersey Branch
jersey.bp2s.ejf.cosec@bnpparibas.com
+44 1534 709 198
For the Broker
Liberum Capital Limited
Darren Vickers / Owen Matthews / Will King
+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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March 15, 2023 03:00 ET (07:00 GMT)
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