Final NAVs 30NOV2010 (2875Z)
January 11 2011 - 11:30AM
UK Regulatory
TIDMCMAE TIDMCMAU TIDMCMAS
RNS Number : 2875Z
CMA Global Hedge PCC Ltd
11 January 2011
CMA Global Hedge - Monthly NAV 30th November 2010 and Monthly
Report
Dear Investors,
CMA Global Hedge PCC Limited ("CMA Global Hedge" or "the
Company"), the specialist worldwide investment company, today
announces that following confirmation from the Company's
Administrator, HSBC Securities Services (Guernsey) Limited
("HSBC"), the Monthly Net Asset Value (NAV) as of 30th November
2010 for the three share classesis as follows:
Share Class NAV MTD Performance YTD Performance
--------------- ----- ---------------- ----------------
GBP Shares
(Not Hedged) 7.35 +0.27% -6.01%
--------------- ----- ---------------- ----------------
EUR Shares
(Not Hedged) 7.79 +5.84% +1.30%
--------------- ----- ---------------- ----------------
US$ Shares 7.52 -1.05% -8.07%
--------------- ----- ---------------- ----------------
The Monthly NAV Report as of 30th November 2010, including
detailed commentary and information on strategy allocation,
performance contribution and manager allocation, is available as an
attachment to this announcement in PDF format.
In addition, please note that the Company will, on a monthly
basis, publish an unaudited estimated NAV per Entitlement Pool
Notional Share for the Entitlement Pools in relation to the
December, March, and June Redemption Offers, which Shareholders may
choose to take as indicative of the potential realisation proceeds
of the Entitlement Pools and the Actual Cash Proceeds they may
receive.
Please find below the unaudited final NAV per Entitlement Pool
Notional Share for the December, March, and June Redemption Offers
calculated as of 30th November 2010:
30-Nov-10 NAV MTD Performance YTD 2010 Performance
------------------------------ ----- ---------------- ---------------------
December Redemption Offer
Entitlement Pool Notional
Share (US$)* 1.01 0.00% -11.40%
------------------------------ ----- ---------------- ---------------------
* On 11 of June 2009 the December Redemption Offer
Entitlement Pool made a gross cash distribution of
US $0.73 per Entitlement Pool Notional Share. On 08
October the December Redemption offer Entitlement
Pool made a gross cash distribution of $0.76 per Entitlement
Pool Notional Share. On 23rd of April the December
Redemption offer Entitlement Pool made a gross cash
distribution of $0.97 per Entitlement Pool Notional
Share. On 30th of November the December Redemption
offer Entitlement Pool made a gross cash distribution
of $0.35 per Entitlement Pool Notional Share.
------------------------------------------------------------------------------
30-Nov-10 NAV MTD Performance YTD 2010 Performance
------------------------------ ----- ---------------- ---------------------
March Redemption Offer
Entitlement Pool Notional
Share (US$)* 1.03 -0.96% -11.21%
------------------------------ ----- ---------------- ---------------------
* On 08 October the March Redemption offer Entitlement
Pool made a gross cash distribution of $0.80 per Entitlement
Pool Notional Share. On the 23rd of April the March
Redemption offer Entitlement Pool made a gross cash
distribution of $1.05 per Entitlement Pool Notional
Share. On 30th of November the December Redemption
offer Entitlement Pool made a gross cash distribution
of $0.36 per Entitlement Pool Notional Share.
------------------------------------------------------------------------------
30-Nov-10 NAV MTD Performance YTD 2010 Performance
------------------------------ ----- ---------------- ---------------------
June Redemption Offer
Entitlement Pool Notional
Share (US$)* 1.00 +5.26% -6.54%
------------------------------ ----- ---------------- ---------------------
* On the 23rd of April the June Redemption offer Entitlement
Pool made a gross cash distribution of $1.39 per Entitlement
Pool Notional Share. On 30th of November the December
Redemption offer Entitlement Pool made a gross cash
distribution of $0.60 per Entitlement Pool Notional
Share.
------------------------------------------------------------------------------
Shareholders should be aware that the realisation proceeds of
the Entitlement Pools will be affected by the ability of C.M.
Advisors Limited (the Company's investment manager) to realise
assets at the same price as those assets are held at NAV, taking
into account the market conditions, and the deduction of costs and
expenses associated with the December, March, and June Redemption
Offers respectively. Therefore, the Actual Cash Proceeds received
by Shareholders may be materially different to that indicated by
the unaudited estimated NAV per Entitlement Pool Notional Share
published by the Company for the Entitlement Pools associated with
the December, March, and June Redemption Offers respectively.
These valuations, which have been prepared in good faith by the
Company's Administrator, are for information purposes only and are
based on the unaudited estimated valuations supplied to the
Company's Administrator by the administrators or managers of the
Company's underlying investments. Such estimates may be subject to
little verification or other due diligence and may not comply with
generally accepted accounting practices or other generally accepted
valuation principles. In addition, some of those estimates may not
be supplied on a regular or timely basis with the result that the
values of such investments are based on the latest available
estimates which may be some time before the date set out above.
Other risk factors which may be relevant to these valuations are
set out in the Company's prospectus dated 30th of June 2006.
Voting Rights and Capital
The Company's capital consists of 421,561 GBP Shares, 782,172
US$ Shares and 592,802 EUR Shares with voting rights. Therefore,
the total number of voting rights in the Company is 421,561 in
respect of the GBP Shares, 782,172 in respect of the US$ Shares,
592,802 in respect of the EUR Shares. All Shareholders have equal
voting rights based on the number of Shares held.
The above figures may be used by Shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in the Company under the FSA's Disclosure and Transparency
Rules.
All disclosure information including NAV reporting is available
on: www.cmaglobalhedge.com
Definitions
Unless otherwise defined in this announcement, capitalised terms
shall have the same meaning given to them in the Circular sent to
Shareholders on 2 December 2008.
- ends -
Click on, or paste the following link into your web browser, to
view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/2875Z_-2011-1-11.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
END
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