September 26, 2013
Tetragon Financial Group Limited (TFG) is a Guernsey closed-ended investment company traded on the NYSE Euronext in
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 August 31, 2013
(Amounts provided are unaudited and subject to change)
(in millions except
per share data)
Estimated Fair Value of Investments: $1,325.5
Cash and Cash Equivalents: $275.2
Net Other Assets / (Liabilities): $91.2
Estimated Net Asset Value: $1,691.9
TFG Legal Shares Issued and Outstanding: 134.5
U.S. GAAP Net Asset Value per Share:  $17.32
Pro Forma Fully Diluted Net Asset Value per
Share:  $15.35
As of the end of
, 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 85.3% of such assets as of the end of
. European exposure was approximately 13.8% and
was approximately 0.9%. 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
TFG investor day September 30, 2013
September 2013 monthly report October 31, 2013 (approx)
Q3 2013 financial results October 31, 2013 (approx)
Q3 2013 ex-dividend date October 31, 2013
Q3 2013 dividend record date November 4, 2013
Q3 2013 quarterly investor call November 14, 2013
October 2013 monthly report November 28, 2013 (approx)
TFG INVESTOR DAY