Ress Life Investments A/S publishes annual report

Written by Customer Service on . Posted in Public Companies.

Copenhagen, 5 December 2019The Board of Directors and the Management have today discussed and approved the Annual Report of Ress Life Investments A/S for the period 1 October 2018 – 30 September 2019.Key results and highlights:Ress Life Investments A/S realised a net profit before and after tax of USD 8,963,683 for the period 1 October 2018 – 30 September 2019. The net profit for the period corresponds to a net return on equity of 7 % and an increase in net asset value of USD 121 per share.The increase in profit mainly relates to positive fair value adjustments offset by administrative expenses and staff costs.The fair value of the Company’s investment assets increased from USD 93,390,868 at 30 September 2018 to USD 118,791,752 at 30 September 2019.Equity stands at USD 155,079,274 at 30 September 2019, corresponding to a net asset value of USD 1,918 per share compared with a net asset value of USD 1,797 at 30 September 2018.During the period, 26,196 new ordinary shares were issued and 5,715 shares were bought back from investors. In addition, 4,967 existing treasury shares were resold to investors.Both increasing investments and the expectations that the life settlements market continues to offer attractive returns, enables Management to take a positive view on future performance.Questions related to this announcement can be made to the Company’s AIF-manager, Resscapital AB, Gustaf Hagerud, telephone: (+46) 7 366 072 42 and email: gustaf.hagerud@resscapital.com, or to the Company’s Chairman Helle M. Breinholt, email: hmb@breinholt-consulting.dk.Yours sincerely,Ress Life Investments A/S
Board of DirectorsAttachmentsRess Life Investments AS – Company AnnouncementRess Life Investments AS – Annual Report 2018-2019

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