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Third Point Offshore Investors' NAV up

By BFN News | 01:18 PM | Thursday 17 April, 2014


Third Point Offshore Investors reports excellent net asset value total return in its US dollar, euro and sterling shares for the year to the end of December - up 28.6%, 28.9% and 30.0% respectively on a total return basis. Chairman Marc Antoine Autheman said: "The company has continued to perform well through 2013, with another period of significant NAV growth. The result has been driven by the Investment Manager's ability to deliver consistent performance across all geographies and strategies. "The board continues to monitor the discount closely, and we were pleased to see it narrow significantly during the year. This reflects both the performance of the Master Fund and our commitment to an ongoing dividend distribution. "Following the excellent performance of the portfolio, the board was pleased to be able to announce a dividend of approximately 5% of NAV in the fourth quarter of 2013. I remain confident in the outlook for the company, offering investors a unique way to access the investment manager's event-driven strategies, despite its hard closed status. We look forward to the future and delivering strong returns for our investors." At 1:18pm: (LON:TPOG) Third Point Offshore Investors Ltd share price was 0p at 1577.5p (LON:TPOU) Third Point Offshore Investors Ltd share price was +0.05p at 16.63p Story provided by StockMarketWire.com

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