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January 31, 2013 /PRNewswire/ --
Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on the NYSE Euronext in
Amsterdam 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 December 31 2012
(Amounts provided are unaudited and subject to change)
(in millions except per share
Estimated Fair Value of Investments: $1,440.4
Cash and Cash Equivalents: $175.9
Net Other Assets / (Liabilities): $5.1
Estimated Net Asset Value: $1,621.4
TFG Legal Shares Issued and Outstanding: 133.7
U.S. GAAP Net Asset Value per Share:
Pro Forma Fully Diluted Net Asset Value
per Share:  $14.65
As of the end of
December 2012, the majority of the net assets of the company were invested in the equity tranches of U.S. CLOs. Investments are also held in U.S. senior secured loans, equity tranches of European CLOs, asset management businesses, hedge funds, real estate funds, and CLO mezzanine tranches, with the remainder of the net assets held in cash less certain net liabilities.
The geographical allocation of TFG's CLO equity, direct loan, and real estate fund investments was weighted primarily towards
the United States, at 89.9% of such assets as of the end of
December 2012. European exposure was approximately 9.8% and
Asia was approximately 0.3%. 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.
Expected Upcoming Events Date
January 2013 monthly report February 20, 2013 (approx)
Q4 2012 dividend announcement February 28, 2013
2012 audited financial statements released March 1, 2013 (approx)
Q4 2012 dividend (ex- date) March 1, 2013
Q4 2012 dividend record date March 5, 2013
Quarterly investor call March 19, 2013
February 2013 monthly report March 20, 2013 (approx)
Q4 2012 dividend payment date March 25, 2013
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.