PR Newswire
London, October 27
Dexion Absolute Limited (the "Company")
September Final Net Asset Values
Ordinary Shares
The net asset values of the Company's Ordinary Shares as of 30 September 2015 are as follows:
| Share Class | NAV | MTD Performance | YTD Performance |
| GBP Shares | 190.49p | -1.88% | +3.59% |
| EUR Shares | €2.6434 | -1.37% | -0.34% |
| USD Shares | $4.0301 | -1.90% | +2.82% |
2011 Redeemed Shares
The net asset value of the Company's 2011 Redemption Portfolio was $1.40 million as of 30 September 2015. This was attributed to the Redeemed Share class as follows:-
| Share Class | NAV per Redeemed Share |
| EUR Shares | $0.0250 |
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per Redeemed Share" represents the amount then owed by the Company in respect of such Redeemed Shares at the relevant date.
2012 Redeemed Shares
The net asset value of the Company's 2012 Redemption Portfolio was $3.16 million as of 30 September 2015. Shares redeemed pursuant to the 2012 Redemption Offer have a single USD net asset value based upon exchange rates at the relevant date. This was attributed between Redeemed Share classes as follows:-
| Share Class | NAV per Redeemed Share |
| EUR Shares | $0.0243 |
| USD Shares | $0.0267 |
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per Redeemed Share" represents the amount then owed by the Company in respect of such Redeemed Shares at the relevant date.
2013 Redeemed Shares
The net asset value of the Company's 2013 Redemption Portfolio was $3.77 million as of 30 September 2015. Shares redeemed pursuant to the 2013 Redemption Offer have a single USD net asset value based upon exchange rates at the relevant date. This was attributed between Redeemed Share classes as follows:-
| Share Class | NAV per Redeemed Share |
| GBP Shares | $0.0284 |
| EUR Shares | $0.0349 |
| USD Shares | $0.0401 |
All of the Redeemed Shares have been cancelled. Accordingly, the "NAV per Redeemed Share" represents the amount then owed by the Company in respect of such Redeemed Shares at the relevant date.
These valuations, which have been prepared in good faith by the Company's administrator, are for information purposes only and are based on the unaudited estimated valuations supplied to the Company's investment adviser by the administrators or managers of the Company's underlying investments and such valuations may not be considered independent or may be subject to potential conflicts of interest. Both weekly manager estimates and monthly valuations may be produced as at valuation dates which do not co-incide with valuation dates for the Company, may be based on valuations provided as of a significantly earlier date, may differ materially from the actual value of the Company's portfolio and are unaudited or may be subject to little verification or other due diligence and may not comply with generally accepted accounting practices or other generally accepted valuation principles. The Company's investment adviser, investment manager and administrator may not have sufficient information to confirm or review the completeness or accuracy of information provided by those managers or administrators of the Company's investments. In addition, those entities may not provide estimates of the value of the underlying funds in which the Company invests on a regular or timely basis or at all with the result that the values of such investments may be estimated by the investment adviser. Since 01 April 2013 the Company has been transitioning to becoming a feeder fund of Aurora Offshore Fund Ltd II ("AOFL II"). AOFL II's investment manager is also the investment adviser to the Company and so valuations of the Company's investment in AOFL II may be subject to potential conflicts of interest. As at 1 October 2015 approximately 95.67% of the Continuing Portfolio (by NAV) was invested in AOFL II. The value of designated investments as at 1 October 2015 equates to approximately 1.56% of the Continuing Portfolio NAV. Certain other risk factors which may be relevant to these valuations are set out in the Company's prospectus dated 17 October 2007 and the Company's circulars dated 15 April 2011, 5 April 2012 and 22 February 2013.
Net asset values for Redeemed Shares include only those costs and expenses attributable to Redeemed Shares which have been accrued as at the relevant NAV date.
The Supplementary Information for September will be released within the next week.
