REG-JZ Capital Ptnrs Ltd: Net Asset Value(s)

JZ Capital PartnersAnnouncement

21/12/2022 14:30

JZ CAPITAL PARTNERS LIMITED (the "Company" or “JZCP”)
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44

Monthly Net Asset Value (“NAV”)

The unaudited Net Asset Value per Ordinary Share of the Company as at the
close of business on 30 November 2022 was as follows:

 Company Name                 Date              NAV per Ordinary Share  
 JZ Capital Partners Limited  30 November 2022  US$ 4.33                

JZCP’s NAV at 30 November 2022 is $4.33 per share ($4.59 per share at 31
October 2022 and $4.71 per share at 31 August 2022).

JZCP’s NAV per share decreased 38 cents, or approximately 8.1%, during the
three-month period ended 30 November 2022. 

 NAV per Ordinary Share at 1 September 2022                                             $4.71 
 Change in NAV due to investment losses                                                       
 - U.S. Micro-cap (1)                                                                  (0.30) 
 - European Micro-cap                                                                  (0.05) 
 Other increase/(decrease) in NAV                                                             
 + Foreign exchange effect                                                               0.03 
 - Finance costs and expenses                                                          (0.06) 
 NAV per Ordinary Share at 30 November 2022                                             $4.33 
                                                                                              
 Below is a summary of the Company's assets and liabilities at 30 November 2022:              
                                                                                      US$'000 
 Assets                                                                                       
 Private Investments (1)                                                              347,871 
 Cash and cash equivalents (1)                                                         63,625 
 Other receivables                                                                        197 
 Total Assets                                                                         411,693 
                                                                                              
 Liabilities                                                                                  
 Senior debt - maturity date 26th January 2027                                         43,081 
 Subordinated Loan Notes - maturity date 30th September 2022                            31824 
 Other liabilities                                                                      1,516 
 Total liabilities                                                                     76,421 
                                                                                              
 Net Asset Value                                                                      335,272 
 Number of Ordinary shares in issue                                                77,477,214 
 Net Asset Value per Ordinary share                                                     $4.33 

(1) U.S Micro-cap net losses include the previously announced write down
following the disposal of interest in Industrial Services Solutions and the
previously announced investment write up reflecting the agreed disposal,
subject to conditions, of one of Deflecto Holdings’ portfolio companies.

The above disposals were not completed at 30 November 2022, therefore the
expected proceeds of approximately $80 million are not included in the Cash
and cash equivalents stated and are instead included within the carrying value
of Private Investments.

Enquiries:                              

Company website:         www.jzcp.com    

Northern Trust International Fund Administration Services (Guernsey) Limited
Email:               jzcp@ntrs.com



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