(in millions except per share data) Estimated Fair Value of Investments: $1,318.1 Cash and Cash Equivalents: $305.9 Net Other Assets / (Liabilities): $52.0 Estimated Net Asset Value: $1,676.0 TFG Legal Shares Issued and Outstanding: 134.3 U.S. GAAP Net Asset Value per Share: (2)(4) $17.18 Pro Forma Fully Diluted Net Asset Value per Share: (3) $15.17INVESTMENT COMPOSITION: As of the end of July 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. -------------------------------------------------- (1) TFG invests substantially all its capital through a master fund, Tetragon Financial Group Master Fund Limited ("TFGMF") in which it holds a 100% share. (2) Calculation is with reference to U.S. GAAP Shares outstanding (approximately 97.6 million), which is determined by reducing TFG legal shares issued and outstanding by approximately 7.9 million shares held in treasury, 16.6 million shares held by a subsidiary and 12.1 million shares held in escrow.
Tetragon Financial Group Limited (TFG) Monthly Update For July 2013
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