PROVENTUS ANNOUNCES NAV OF PROVENTUS CAPITAL PARTNERS III
The information provided herein is such that Proventus Capital Partners III AB (publ) is obligated to disclose pursuant to the Securities Markets Act (SFS 2007:528) and/or the The Financial Instruments Trading Act (SFS 1991:980). The information was submitted for publication at 2.15 p.m. on 6 October 2017.
Proventus today announces that, at the close of business on 30 September 2017, the Net Asset Value per participation loan debentures of Proventus Capital Partners III, is SEK 876,363 for series A and SEK 22,101,025 for series B.
SEK 48,496 per series A debenture and SEK 1,212,400 per series B debenture will be distributed as Ordinary Income to our debenture holders on 13 October 2017.
Proventus Capital Partners III’s assets are composed of 9.9 per cent publicly traded corporate bonds, and 90.1 per cent privately issued corporate loans.
During the third quarter, Proventus Capital Partners III made add-on investment in one private loan.
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Proventus Capital Partners is an active credit investor and loan provider to Northern and Western European companies in need of capital for expansion, acquisition financing, restructurings and refinancing. Proventus Capital Partners also conducts investments in publically traded corporate credits. The funds of Proventus Capital Partners have combined assets of EUR 2.5 billion and are managed by Proventus Capital Management AB, which is owned by management. Proventus AB, founded and owned by Robert Weil, is one of the largest investors in the funds of Proventus Capital Partners. The Proventus Capital Partners III series A1 participation loan debentures and series B participation loan debentures are issued by Proventus Capital Partners III AB (publ) and listed on the Debt Securities segment of Nordic Growth Market NGM in Stockholm. The number of debentureholders amounts to approximately 50.