The valuation adjustment reflects a reassessment of the current progress of the business, and is expected to hit the trust's net asset value per share
by 3.4p per share.
Under the terms of the proposed transaction, OHAI's stockholders will receive value per share of approximately 108% of OHAI's net asset value per share
at the time of the closing of the transaction from PTMN and Sierra Crest.
This dividend represents 4.5% of the net asset value per share
at 31 December 2018.
Net asset value per share
increased 10.7 per cent to 109.6p.
The purchase price of each Share will be not less than the net asset value per share
of the Company's common stock, and not more than 2.5% greater than the NAV Per Share as of such date, plus any unpaid dividends accrued through the expiration date of the Tender Offer.
When the Fund calculates its net asset value per share
on Monday, June 4, 2018, it is estimated that the Fund's NAV will be impacted by the amount stated below based on shares outstanding as of May 31, 2018.
If the merger is approved by the stockholders of GDF, stockholders of GDF would receive common stock of EHI, based on each fund's respective net asset value per share
The net value asset value per share
, meanwhile, rose from 433.4p to 552.7p, with the total return for the year being 92.9p per share, up from 77.3p.
After the impairment, the net asset value per share
Instead Penser, through his company Compton Beauchamp Estates, agreed to fund the buy-back scheme with a loan on attractive terms to the track after the Newbury board negotiated a purchase price per share of PS4.50 compared with the net asset value per share
The net asset value per share
was revised up to EUR 5.45 from EUR 5.37 and the earnings per share (EPS) to EUR 0.19 from EUR 0.11.