Kubera Cross-Border Fund Limited NAV and Quarterly Newsletter (3066V)
01 Noviembre 2017 - 9:53AM
UK Regulatory
TIDMKUBC
RNS Number : 3066V
Kubera Cross-Border Fund Limited
01 November 2017
Kubera Cross-Border Fund Limited
NAV and Quarterly Newsletter
Kubera Cross-Border Fund Limited (the "Fund") (LSE/AIM: KUBC)
announces that as at close of business on 30 September 2017, its
un-audited net asset value per share ("NAV") was US$ 0.38.
Shareholder distributions to date taken together with the NAV total
US$ 0.71.
The Fund has issued a newsletter detailing the activities of the
Fund and its portfolio companies for the quarter ended 30 September
2017.
Electronic copies of the report will be emailed shortly to
shareholders. Copies of the report will be available to download
from the Fund's website, www.kuberacrossborderfund.com.
Valuation Methodology
All investments are recorded at estimated fair value, in
accordance with US GAAP ASC 820 that defines and establishes a
framework for measuring fair value. The methodology underlying the
Fund's investment valuations is consistent with previous
periods.
About Kubera Cross-Border Fund Limited
Kubera Cross-Border Fund Limited is a closed-end investment
company incorporated in the Cayman Islands and traded on the AIM
market of the London Stock Exchange. The Fund makes private equity
investments in cross-border companies, primarily in businesses that
operate in the US-India corridor. For further information on the
Fund, please visit www.kuberacrossborderfund.com
For more information contact:
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett/ Jamie Barklem/ Carolyn Sansom
Tel.: +44 (0) 20 7383 5100
Email: philip.j.secrett@uk.gt.com
Numis Securities Limited (Broker)
David Benda, Managing Director
Tel.: +44 (0) 20 7260 1275
Email: d.benda@numis.com
FIM Capital Limited (Administrator, Registrar &
Secretary)
Philip Scales, Director
Tel.: +44 (0) 1624 681250
Email: pscales@fim.co.im
Disclaimer:
This announcement may contain certain forward-looking statements
with respect to the financial condition, results of operations and
business of the Fund and its portfolio companies. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the Fund or its
portfolio companies' actual performance to be materially different
from any future performance expressed or implied by such
forward-looking statements. Such forward-looking statements are
based on assumptions regarding the Fund and its portfolio companies
present and future business strategies and the political and
economic environment in which they operate. Reliance should not be
placed on these forward-looking statements.
In addition, due to the inherent uncertainties associated with
the determination of the valuation of any private equity
investment, the amount realised on disposal of a portfolio company
may differ materially from the amount estimated in determining its
fair value under US GAAP. The impact of such determination cannot
be quantified.
This information is provided by RNS
The company news service from the London Stock Exchange
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November 01, 2017 11:53 ET (15:53 GMT)
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