Investment commitment of £13 million

RNS Number : 8684B

Project Finance Investments Limited

21 June 2016

 

Project Finance Investments Limited

(the "Company")

Investment commitment of £13 million

c. 5 year asset backed loan

The Company is pleased to announce a loan of £13.0 million which will be used to provide asset backed finance to a number of residential property developments in the UK. The loan has been issued with a term of c.5 years and secured by way of first ranking charges against the relevant properties.

The loan has been funded from Company's cash resources and predominantly from the proceeds of its recent issue of C Shares.

For further information, please contact: Gravis Capital Partners LLP    [phone] David Conlon [e-mail] Phil Kent [e-mail] Dion Di Miceli [e-mail] Cenkos Securities plc [phone] Tom Scrivens [e-mail] Oliver Packard [e-mail] Sapna Shah                                       [e-mail] Buchanan [phone] Charles Ryland [e-mail] Vicky Watkins [e-mail]

Notes to Editors

The Company

The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

The Company seeks to meet its investment objective by making investments in a diversified portfolio of project finance investments which have contracted, predictable medium to long term cash flows and/or physical assets and which are predominantly UK based.

 

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