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Interim Results

AcenciA NAV up

24 August 2015 08:15

AcenciA Debt Strategies' net asset value per share increased by 1.8%% to $1.73 (taking account of dividends paid) for the six months to 30 June. An interim dividend of 1.95p per share was paid in the period.

During February the company completed the tender offer and repurchased 51.20% of its issued share capital as at 31 December 2014. The company's share capital was redenominated in US dollars on 27 May 2015. During the period the company acquired and cancelled a further 700,000 ordinary shares.

Chairman William Scott said: "2015 has been a satisfactory year so far for the company and we are pleased that over this period AcenciA was able to post a positive total return in NAV terms in a low volatility manner. The company continues to uphold its successful investment strategy of holding a concentrated portfolio which focuses on establishing investment partnerships with superior hedge fund managers tasked with finding a multitude of event-driven and multi-strategy credit opportunities.

"We believe that the recent changes, both to the structure and the investment strategy, are likely to give us the best chances of producing superior risk-adjusted returns over the next three years."

AcenciA's board has declared an interim dividend of 3.03 cents per share for the six months to the end of June. The dividend will be paid on 14 October to shareholders of record date on 4 September. The shares will have an ex-date of 3 September.

At 8:15am: (LON:ACD) AcenciA Debt Strategies Ltd share price was -0.01p at 1.62p

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