|By PR Newswire||
|August 28, 2014 01:55 AM EDT||
LONDON, August 28, 2014 /PRNewswire/ --
Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on Euronext Amsterdam N.V. under the ticker symbol "TFG".
In this monthly update, unless otherwise stated, we report on the consolidated business incorporating TFG and Tetragon Financial Group Master Fund Limited. 
Net Asset Value Estimates as of 31 July 2014
(Amounts provided are unaudited and subject to change)
(in millions except per share data) Estimated Fair Value of Investments: $1,416.1 Cash and Cash Equivalents: $335.6 Net Other Assets / (Liabilities): $47.3 Estimated Net Asset Value: $1,799.0 TFG Legal Shares Issued and Outstanding: 135.3 U.S. GAAP Net Asset Value per Share: (2)(4) $19.09 Pro Forma Fully Diluted Net Asset Value per Share: (3)(4) $16.88
As of the end of July 2014, the company held investments in the equity tranches of U.S. and European CLOs, U.S. senior secured loans, asset management businesses, hedge funds, real estate funds, equities and CLO mezzanine tranches, with the remainder of the net assets held in cash plus or minus certain net other assets or liabilities. Derivative mark-to-market gains and losses are contained within net other assets or liabilities.
The geographical allocation of TFG's CLO, direct loan, equity and real estate fund investments was weighted primarily towards the United States, at 77.5% of such assets as of the end of July 2014. European exposure was approximately 20.4% and Asia was approximately 2.1%. TFG's ownership of asset managers, and investments in certain hedge fund vehicles are excluded from the geographic allocation above as they span more than one region.
See the TFG website for the latest calendar - http://www.tetragoninv.com/investor/calendar.aspx
This release does not contain or constitute an offer to sell or a solicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of TFG have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), as amended, and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. TFG does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, TFG has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. TFG is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act ("FMSA") as a collective investment scheme from a designated country. This release constitutes regulated information ("gereglementeerde informatie") within the meaning of Section 1:1 of the FMSA.
(1) TFG invests substantially all its capital through a master fund, Tetragon Financial Group Master Fund Limited ("TFGMF") in which it holds a 100% share.
(2) Calculation is with reference to U.S. GAAP Shares outstanding (approximately 94.2 million), which is determined by reducing TFG legal shares issued and outstanding by approximately 12.8 million shares held in treasury, 16.6 million shares held by a subsidiary and 11.6 million shares held in escrow, all subject to rounding.
(3) Calculation is with reference to Pro Forma Fully Diluted Shares outstanding (approximately 106.6 million), which is determined by adding to U.S. GAAP Shares outstanding, shares held in escrow of 11.6 million and the number of shares corresponding to the applicable intrinsic value of the options issued to the Investment Manager at the time of the company's IPO (0.7 million).
(4) The NAV per Share calculation is after accruing for the dividend relating to Q2 2014.
SOURCE Tetragon Financial Group Limited
Oct. 4, 2015 06:00 PM EDT Reads: 309
Oct. 4, 2015 06:00 PM EDT Reads: 718
Clutch is now a Docker Authorized Consulting Partner, having completed Docker's certification course on the "Docker Accelerator for CI Engagements." More info about Clutch's success implementing Docker can be found here. Docker is an open platform for developers and system administrators to build, ship and run distributed applications. With Docker, IT organizations shrink application delivery from months to minutes, frictionlessly move workloads between data centers and the cloud and achieve 2...
Oct. 4, 2015 05:45 PM EDT Reads: 374
Oct. 4, 2015 05:45 PM EDT Reads: 255
Oct. 4, 2015 05:15 PM EDT Reads: 432
Oct. 4, 2015 05:15 PM EDT Reads: 271
Oct. 4, 2015 04:45 PM EDT Reads: 551
Oct. 4, 2015 04:30 PM EDT Reads: 611
Oct. 4, 2015 04:15 PM EDT Reads: 622
Oct. 4, 2015 04:00 PM EDT Reads: 355
Oct. 4, 2015 04:00 PM EDT Reads: 259
Oct. 4, 2015 02:30 PM EDT Reads: 348
Oct. 4, 2015 02:30 PM EDT Reads: 373
Oct. 4, 2015 02:30 PM EDT Reads: 706
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated a...
Oct. 4, 2015 02:00 PM EDT Reads: 388