12 Jun 2009 14:09
ECOFIN WATER & POWER OPPORTUNITIES PLC
It is announced that at the close of business on 10 June 2009, the un-audited Net Asset Value per share of the above investment trust company was:-
| Share Class | NAV (p) (inc. undistributed revenue) | Increase / Decrease % | Absolute movement (p) |
| Ordinary Shares | 170.30 | -0.12 | -0.21 |
| Ordinary Shares (dilutive) | 169.91 | -0.11 | -0.18 |
Dilutive assumes that the subscription shares rights have been exercised at 168p (closing strike price up to 31 May 2010)
| Fund Values | £ '000 |
| Total Assets (less cash at bank) | 473,198 |
| Cash at Bank | 3,901 |
| Total Assets | 477,099 |
| Borrowings | 118,932 |
| Net Assets | 358,167 |
| Gearing (net debt/net assets) | 32.1 % |
NB: The assets of the company include approximately £31.2 in bonds, and put options representing approximately £4.2m on a delta adjusted basis. Adjusted for these two components, the total equity exposure of the Company is 127.16% of net assets.
Phoenix Administration Services Limited
Company Secretary