EJF Investments (EJFI); total NAV return at 19.08% for year ended December 2018

Published on 02-04-2019 07:10:36
Author Sparks Team

EJF Investments released its final FY18 results, stating a 19.08% return in total NAV per share, inclusive of dividends. NAV stood at £114.5m, 178.4p per share, as of 31 December 2018, while £16.9m in capital was raised through ordinary share placings and total realised gains of £17.8m were recognised during the period.

Total realised gains were driven by the sale of legacy REIT TruPS CDO securities in January and April, with the remainder comprising distributions from the Armadillo portfolio and risk retention and securitisation investments.

Adjusted dividend policy and target dividend of 10.7p per ordinary share for the FY to 31 December 2019 represents a 6.0% target dividend yield on the NAV as of 31 December 2018.

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