Net Asset Value(s)

RNS Number : 0224N

CC Japan Income & Growth Trust PLC

26 January 2016

 

CC Japan Income & Growth Trust plc

CC Japan Income & Growth Trust plc announces that as at the close of business on 25 January 2016 its unaudited net asset value ("NAV") per ordinary share ("Share") was as follows:

NAV per Share (including current financial year revenue items)	98.07p
NAV per Share (excluding current financial year revenue items)	97.20p

Investments in the Company's portfolio have been valued on a bid price basis.

Update on Investment Policy:

Listing Rule 15.2.5 gives listed closed-ended investment funds the flexibility, should they choose to incorporate it within their stated investment policies, to invest up to 10% of their total assets, in aggregate, in other listed closed-ended investment funds (with the 10% restriction not applying to investments in closed-ended investment funds which themselves have published investment policies to invest no more than 15% of their total assets in other listed closed-ended investment funds). However, for the avoidance of doubt, CC Japan Income & Growth Trust plc (the "Company") has not included the ability available under Listing Rule 15.2.5 to invest in other listed closed-ended investment funds within its stated investment policy, as detailed in its prospectus dated 13 November 2015, and therefore will not invest in listed closed-ended investment funds. This update is for clarification only and there is no change to the Company's stated investment policy.

      Enquiries:

Anthony Lee	020 7490 4355
Cavendish Administration Limited

 

END

 

 

NAVFMGZMMVFGVZM