TIDMCIFU
RNS Number : 8877C
Carador Income Fund PLC
21 October 2015
RNS Announcement
Carador Income Fund plc
21 October 2015
Net Asset Value
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.
As at the close of business on 30 September 2015, the unaudited
net asset value per US Dollar Share of Carador Income Fund plc
("Carador") was as follows:
Share class NAV Change in Monthly Monthly performance YTD performance
NAV
US Dollar Shares USD 0.8157 -3.33% -3.33% -1.30%
----------- ----------------- ------------------- ---------------
3Q15 to 2Q15 to
30-Sep-15 30-Jun-15 Change
-------------------------------------------------------- ------------ ------------ -------
Distributions Received From Income Notes: 20,035,600 17,676,858 +13.34%
- Diverted to Capital: (5,293,504) (4,321,037) +22.51%
- Allocated to Income: (1) 14,742,096 13,355,822 +10.38%
Income Accrued from Debt Investments: 2,258,219 2,212,888 +2.05%
--------------------------------------------------------- ------------ ------------ -------
Total Gross Income: $17,000,315 $15,568,710 +9.20%
Estimated Expenses during Period: ($2,190,102) ($2,238,478) -2.16%
Estimated Annualised Total Expense Ratio during Period: 1.96% 1.85% +5.99%
Net Income: (2) $14,810,213 $13,330,232 +11.10%
Net Cash Flow / Net Income: 1.36x 1.32x
Net Income per USD Share: $0.0273 $0.0245 +11.10%
1. As determined in accordance with Carador's Pricing Policy
2. As calculated by Carador's Administrator in accordance
with the provisions of the Company's Prospectus and Pricing
Policy
NOTE: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE
PERFORMANCE RESULTS AND THERE CAN BE NO ASSURANCE THAT CARADOR WILL
ACHIEVE COMPARABLE RESULTS.
Important Information
Any reference herein to future returns or distributions is a
target and not a forecast and there can be no guarantee or
assurance that it will be achieved. The actual principal and income
in any particular case will be determined by the cash flows
received.
This document has been issued by GSO / Blackstone Debt Funds
Management LLC (the "Manager"), a wholly owned subsidiary of GSO
Capital Partners LP, which is registered as an investment adviser
with the U.S. Securities and Exchange Commission. It does not
constitute an invitation and should not be taken as an inducement
to engage in any investment activity and is for the purpose of
providing information about the Manager and certain of the
Manager's affiliates, including without limitation, the Blackstone
Group LP, GSO Capital Partners LP and GSO Capital Partners
International LLP, collectively the "Manager's Affiliates". It may
not be relied upon and should not be used for the purpose of making
any investment decision. This document and the information
contained herein is not for release, publication or distribution
(directly or indirectly) in or into the United States, Canada,
Australia or Japan or to any "U.S. person" as defined in Regulation
S under the United States Securities Act of 1933, as amended (the
"Securities Act") or into any other jurisdiction where applicable
laws prohibit its release, distribution or publication. It does not
constitute or contain an offer of, or the solicitation of an offer
to buy or subscribe for, securities for sale anywhere in the world,
including in or into the United States, Canada, Australia or Japan.
This document is being furnished to you solely for your information
and no recipient may forward, reproduce, distribute, or make
available in whole or in part, this document (directly or
indirectly) to any other person. The distribution of this document
in certain jurisdictions may be restricted by law and recipients of
this document should inform themselves about and observe any such
restrictions and other applicable legal requirements in their
jurisdictions. Accordingly, recipients represent that they are able
to receive this document without contravention of any applicable
legal or regulatory restrictions in the jurisdiction in which they
reside or conduct business. By accepting this document, you agree
to be bound by the foregoing limitations. This document has been
prepared by Carador Income Fund PLC ("Carador") and is the sole
responsibility of Carador. No liability whatsoever (whether in
negligence or otherwise) arising directly or indirectly from the
use of this document is accepted and no representation, warranty or
undertaking, express or implied, is or will be made by Carador, the
Manager or any of their respective directors, officers, employees,
advisers, representatives or other agents ("Agents") for any
information or any of the opinions contained herein or for any
errors, omissions or misstatements. None of the Manager nor any of
its respective Agents makes or has been authorised to make any
representation or warranties (express or implied) in relation to
Carador or as to the truth, accuracy or completeness of this
document, or any other written or oral statement provided. In
particular, no representation or warranty is given as to the
achievement or reasonableness of, and no reliance should be placed
on any projections, targets, estimates or forecasts contained in
this document and nothing in this document is or should be relied
on as a promise or representation as to the future.
Although the portfolio reflected in this document (the
"Portfolio") is consistent with the investment strategy of Carador,
there is no guarantee that the portfolio acquired will be identical
to the make-up of the Portfolio. Moreover, the future investments
to be made by Carador may differ substantially from the investments
included in the Portfolio. Therefore, the Portfolio parameters,
industry concentration, rating concentration, spread distribution
and other factors related to the Portfolio could all be materially
different than those of the future portfolio acquired by
Carador.
Carador has not been and will not be registered under the U.S.
Investment Company Act of 1940, as amended (the "Investment Company
Act") and investors will not be entitled to the benefits of that
Act. The securities described in this document have not been and
will not be registered under the Securities Act, or the laws of any
state of the United States. Consequently, such securities may not
be offered, sold or otherwise transferred within the United States
or to or for the account or benefit of U.S. persons (as such term
is defined in Regulation S under the Securities Act) except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act, applicable
state laws and under circumstances which will not require Carador
to register under the Investment Company Act. No public offering of
the securities is being made in the United States. If you are in
the United States and are not either (a) a "qualified institutional
buyer" (as defined in Rule 144a under the Securities Act) who is
also a "qualified purchaser" (as defined in Section 2(a)(51) of the
Investment Company Act) for purposes of Section 3(c)(7) of the
Investment Company Act; or (b) an "accredited investor" (as defined
in Rule 501 of the Securities Act) who is either a qualified
purchaser or an eligible Investment Company Act investor, you
should not open this document and should destroy it.
Certain information contained in this document constitutes
"forward-looking statements," which can be identified by the use of
forward-looking terminology such as "may," "will," "should,"
"expect," "anticipate," "target," "intend," "continue" or
"believe," or the negatives thereof, other variations thereon or
comparable terminology. Due to various risks and uncertainties,
actual events or results or the actual performance of Carador
described herein may differ materially from the events, results or
performance reflected or contemplated in such forward-looking
statements. Any projections, forecasts and estimates contained
herein are based upon certain assumptions that Carador considers
reasonable. Projections are necessarily speculative in nature, and
it can be expected that some or all of the assumptions underlying
the projections will not materialize and/or that actual events and
consequences thereof will vary significantly from the assumptions
upon which projections contained herein have been based. The
inclusion of projections herein should not be regarded as a
representation or guarantee regarding the reliability, accuracy or
completeness of the information contained herein, Carador is under
no obligation to update or keep current such information. Unless
otherwise indicated, the information provided herein is based on
matters as they exist as of the date of preparation and not as of
any future date. Recipients of this document are encouraged to
contact Carador's representatives to discuss the procedures and
methodologies used to make the projections and other information
provided herein.
Carador is an investment company with variable capital
incorporated under the laws of Ireland and authorised by the
Central Bank of Ireland as a professional investor fund. A copy of
the Carador prospectus may be obtained from the website of the
Company at www.carador.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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