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Alternative Liquidity Fund Ltd - investment firm - Total net asset value down at $18.7 million at December 31 from $26.1 million a year ago. NAV per share falls to 12.77 cents from 17.83 cents. ‘The board continues to believe that it is in the best interests of shareholders to raise additional capital through the launch of a new segregated class of ordinary shares,’ the company says.
The Guernsey-based fund said listing of new share class was targeted for March-end, but the Russian invasion of Ukraine ‘destabilised the financial markets to such an extent that a successful listing was deemed to be extremely unlikely,’ Chair Quentin Spicer says.
‘If the company and Waverton are not successful in, or decide against, the launch of a new share class at the current time, the board will examine the options available to the company to accelerate the continuing managed wind-down of the portfolio within a specified time frame,’ firm adds.
Current stock price: $0.06
12-month change: up 28%
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