Third Point Offshore Investors Ltd - Ongoing Publication of Intramonth Estimated NAV
PR Newswire
London, October 17
Third Point Offshore Investors Limited (the "Company")
(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 47161)
LEI Number: 549300WXTCG65AQ7V644 Renewal Date- 03/10/2020
15 October 2019
Ongoing Publication of Intramonth Estimated Net Asset Value
Third Point Offshore Investors Limited ("TPOIL" or the "Company"), the closed-end, London listed event-driven, value-oriented hedge fund managed by Daniel S. Loeb's Third Point LLC (the "Investment Manager") announces that it will begin publication of the intramonth estimated net asset value ("NAV") of Company shares, commencing October 2019.
The intramonth NAV estimates will be posted two business days following the 15th or preceding business day if the 15th falls on a weekend or holiday every month on the Company's website, www.thirdpointoffshore.com.
The Company's Board of Directors (the "Board") believes the additional disclosure of intramonth NAV estimates is an important advancement to further improve transparency with TPOIL investors. The Board intends to continue to consider more initiatives to further increase communication to investors.
The estimated NAV of the under mentioned class of shares of no par value in the Company, as at the close of business on 15thOctober 2019 is:
| CLASS | NAV | MTD Performance | YTD Performance | SEDOL |
| USD Shares | USD 20.20 | -0.2% | 17.2% | B1YQ721 |
The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV including any dividends or share cancelled. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year including any dividends or shares cancelled.
The Ordinary Shares purchased during October are being held by Third Point Offshore Master Fund LP until the Company is able to cancel the shares following month-end. Accordingly, the above estimate does not include the estimated NAV uplift of 0.1%, which will be reflected in the November NAV once shares have been cancelled. Shares cannot be cancelled intra-month due to legal and logistical considerations.
The NAV figures stated in this announcement are an estimate only and are based on unaudited estimated valuations supplied by the administrator of Third Point Offshore Fund, Ltd ("Master Fund"). The actual month end NAV may be materially different from the estimated monthly value. Accordingly, no reliance should be placed on such estimated NAV and it should only be taken as an indicative guide. This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey)Limited
Company website: www.thirdpointoffshore.com
Samuel Walden
Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0) 1481 745323
Email: SW171@ntrs.com
17thOctober 2019
