Ress Life Investments A/S: Half-Year Report – 1 October 2018 – 31 March 2019

May 14, 2019
Published: 2019-05-14 09:05:05 CET
Ress Life Investments A/S: Half-Year Report – 1 October 2018 – 31 March 2019

Ress Life Investments A/S
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
www.resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 14 May 2019

Corporate Announcement no. 18/2019: Half-Year Report 1 October 2018 – 31 March 2019

The Board of Directors and the Management have today discussed and approved the Half-Year Report of Ress Life Investments A/S for the period 1 October 2018 – 31 March 2019:

  • Ress Life Investments A/S realised a net profit before and after tax of USD 3,065,182 for the period 1 October 2018 – 31 March 2019. The net profit for the period corresponds to a net return on equity of 2.46 %, earnings per share at 48.79 and an increase in net asset value of USD 46.58 per share.
  • The profit before tax mainly relates to positive fair value adjustments offset by administrative expenses and staff costs.
  • The fair value of the Company’s investment assets increased from USD 93,247,900 at 30 September 2018 to USD 105,096,054 at 31 March 2019.
  • Equity stands at USD 124,745,559 as of 31 March 2019, corresponding to a net asset value of USD 1,843.14 per share compared with a net asset value of USD 1,796.56 at 30 September 2018.
  • During the period, 12,442 new ordinary shares were issued.
  • Both increasing investments and the expectations that the life settlements market continues to offer attractive returns enables Management to take a positive view on full-year profits.
  • The manager of Ress Life Investments A/S, Ress Capital AB, has informed Ress Life Investments A/S that due to a change in strategy of Nykredit Bank A/S as depositary of Ress Life Investments A/S, Ress Capital AB has initiated the search for a new depositary of Ress Life Investments A/S. Ress Life Investments A/S will provide an update to investors at the appropriate time if and when it receives further important information.

Questions related to this announcement can be made to the Company’s AIF-manager, Resscapital AB, Gustaf Hagerud, telephone: (+46) 8 545 282 09, or to the Company’s Chairman Helle M. Breinholt, email: hmb@breinholt-consulting.dk.

Yours sincerely

Ress Life Investments A/S
The Board of Directors


Ress Life Investments AS – Corporate Announcement 18 14052019

Ress Life Investments Half_Year Report Final