This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tetragon Financial Group Limited (TFG) Monthly Update For June 2013

LONDON, July 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. ( 1 )

Net Asset Value Estimates as of June 30, 2013

(Amounts provided are unaudited and subject to change)

                                                      (in millions except per share data)

    Estimated Fair Value of Investments:               $1,381.6
    Cash and Cash Equivalents:                         $243.8
    Net Other Assets / (Liabilities):                  $54.9
    Estimated Net Asset Value:                         $1,680.3
    TFG Legal Shares Issued and Outstanding:           134.3
    U.S. GAAP Net Asset Value per Share: (2)           $17.22
    Pro Forma Fully Diluted Net Asset Value per
    Share: (3)                                         $15.17

INVESTMENT COMPOSITION:

As of the end of June 2013, 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, 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 86.6% of such assets as of the end of June 2013. European exposure was approximately 12.4% and Asia was approximately 1.0%. 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

    Q2 2013 Ex-Dividend date                    August 1, 2013
    Q2 2013 Dividend record date                August 5, 2013
    Q2 2013 Quarterly investor call             August 8, 2013
    July 2013 Monthly report                    August 20, 2013 (approx)
    Q2 2013 Dividend payment date               August 23, 2013
    TFG investor day                            September 30, 2013

--------------------------------------------------

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs