Net Asset Value Daily Estimate

RNS Number : 5207Y

India Capital Growth Fund Limited

17 January 2022

 

17 January 2022

India Capital Growth Fund Limited (the "Company" or "ICGF")

LEI: 213800TPOS9AM7INH846

Estimated Daily Net Asset Value ("NAV") statement as at 14 January 2022

The Company announces its Net Asset Value per ordinary share as at 14 January 2022 was estimated to be 138.05 pence.

The Company also announces its Net Asset Value per ordinary share before Indian CGT deferred tax provision as at 14 January 2022 was estimated to be 142.52 pence.

Notes on estimating the Net Asset Value per ordinary share following the redemption of ordinary shares under the Company's Redemption Facility as at 31 December 2021 and following announcement of the Redemption Price of 126.2613p per Redemption Share made Monday 10 January 2022.

The estimated Net Asset Value per ordinary share has been calculated based upon 96,480,857 ordinary shares in issue following the redemption of 15,608,872 ordinary shares (Redemption Shares) under the Company's Redemption Facility at 31 December 2021.

The estimated Net Asset Value per ordinary share includes the benefit of the Exit Discount on the Redemption Pool that was surplus to the costs of realising proceeds for payment of Redemption Shares, most of which was accounted for on 3 January 2022 when £1.0 million or 1.0365 pence per ordinary share in issue was included in the estimated Net Asset Value as at 3 January 2022.

The estimated Net Asset Value per ordinary share does not include any adjustment which may result from the potential sale to incoming investors of Redemption Shares from the Redemption Pool in January 2022 which may or may not occur following determination of the Redemption Price.

This estimated daily NAV is provided by the Investment Manager of the Company and is, by its nature, based on incomplete and estimated data. The making of such an estimate involves known and unknown risks, uncertainties and other factors which may cause the estimated results, performance, or achievements to be different from any actual results, performance, or achievements.

 

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