PROVENTUS CAPITAL ANNOUNCES NAV OF PROVENTUS CAPITAL PARTNERS IV B
Stockholm, 15 April 2020
Proventus Capital today announces that, at the close of business on 31 March 2020, the Net Asset Value per participation loan debentures of Proventus Capital Partners IV B, is EUR 101.53 for series A1 and EUR 1,024.34 for series B.
For the first quarter no Ordinary Income will be distributed for series A1 debentures and EUR 5.3 will be distributed per series B debenture as Ordinary Income on 23 April 2020. No partial repayment will be distributed to our debenture holders for the first quarter.
Proventus Capital Partners IV B’s assets are composed of 86 per cent private high-yield loans and 14 per cent of public high-yield bonds.
During the quarter, Proventus Capital Partners IV B invested in one new private loan and four public high-yield bonds.
Proventus Capital 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 also conducts investments in publicly traded corporate credits. The funds of Proventus Capital 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. The Proventus Capital Partners IV B series A1 participation loan debentures and series B participation loan debentures are issued by Proventus Capital Partners IV B AB (publ) and listed on the Debt Securities segment of Nordic Growth Market NGM in Stockholm. The number of debentureholders amounts to approximately 20.
Daniel Sachs, CEO Proventus Capital, phone: + 46 8 723 31 00