Informe Financiero Anual a 31 de diciembre de 2023
PARA PUBLICACION INMEDIATA
PROHIBIDA LA DIFUSIÓN, PUBLICACIÓN O DISTRIBUCIÓN, TOTAL O PARCIAL, DIRECTA O INDIRECTAMENTE, EN O EN O DESDE LOS ESTADOS UNIDOS, CUALQUIER ESTADO MIEMBRO DEL ÁREA ECONÓMICA EUROPEA (EXCEPTO LA REPÚBLICA DE IRLANDA), AUSTRALIA, CANADÁ, SUDÁFRICA O CUALQUIER OTRA JURISDICCIÓN DONDE ES ILEGAL HACERLO.
28 de marzo de 2024
EJF Inversiones Ltda.
Announcement of Final Results to 31 December 2023
EJF Investments Ltd ("EJFI" o la "Compañía"), which provides investors exposure to primarily a diversified portfolio of debt issued by smaller U.S. banks and insurance companies, announces the release of the Annual Report and Audited Financial Statements for the year ended 31 December 2023.
Joanna Dentskevich, Chair of the Board of Directors of the Company said: "2023 was dominated by a challenging macroeconomic and geopolitical backdrop. Certain subsectors of the US banking sector were very much in the spotlight as a result of several highly significant events, including the failure of SVB and Signature Bank, the US Government engineered and back-stopped sale of FRB to JP Morgan and the voluntary liquidation of Silvergate. Of the four banks, the Company's only exposure was to Silvergate and equivalent to less than 2.5% of the NAV at that time on a look-through basis and prior to any recoveries. In the last quarter of the year, the US banking sector staged a comeback as the Fed signalled that it may not only be near the end of its rate hiking campaign, but also potentially ready to cut rates several times in 2024.
Due to the impact of these events on broader market sentiment, the CDO Equity Tranches held by the Company recorded material unrealised mark-to-market losses in the year. These mark-to-market losses were also further influenced by the FDIC auction of small bank debt assets seized from Signature Bank which together resulted in the Company generating a Total Return of (7.27)% for the year.
A pesar de estos desafíos, me complace confirmar que la compañía continuó pagando dividendos en línea con su dividendo objetivo, ya que los flujos de efectivo subyacentes se mantuvieron sólidos a pesar de las valoraciones más bajas".
Post year end, banking sector performance remained uneven as New York Community Bank's ("NYCB") struggles continued to dominate headlines. NYCB announced cutting its dividend, reducing earnings guidance, a material weakness in internal controls as well as a change of CEO. In March 2024 NYCB received over $1bn equity capital investment from firms led by former treasury secretary Steven Mnuchin which the Manager considers as stable capital. The Manager sees this as positive news in light of all of NYCB's recent announcements and believe this should ease concerns about NYCB's capital levels. EJFI's current combined exposure to NYCB is equivalent to less than 2.5% of the Company's NAV on a look through basis.
Destacados
· Total Return per ordinary share, inclusive of dividends, of (7.27)% for the year ended 31 December 2023;
· Total Return per ordinary share, inclusive of dividends, of 79.32% since inception to 31 December 2023;
· Emisión de 2,277,046 new 2025 ZDP Shares at 119.78 pence per 2025 ZDP share, raising gross proceeds of approximately £2.73 million;
· NAV as at 31 December 2023 of £98.0 million, 160 pence per ordinary share;
· Share price discount to NAV as at 31 December 2023 of 36.6%; and
· Dividend yield for the year ended 31 December 2023 based on dividends declared in respect of the period and share price at 31 December 2023 of 10.5%.
Post Annual Report Update
· Dividend of 2.675 pence per ordinary share paid in February 2024 in respect of the quarter ended 31 December 2023; and
· NAV as at 29 February 2024 of £98.2 million or 161 pence per ordinary share, representing a year to date Total NAV return per ordinary share of 1.91%.
The Company's Annual Report and Audited Financial Statements for the year ended 31 December 2023 is attached to this release and will be available on the Company's website (https://www.ejfi.com/investors/) y el Mecanismo Nacional de Almacenamiento (https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism) en breve.
http://www.rns-pdf.londonstockexchange.com/rns/5853I_1-2024-3-27.pdf
As announced on 15 March 2024, a Results Presentation for analysts and institutional investors will take place at 1.00pm (GMT) today via a live webcast. To access the live webcast, please register by contacting your usual representative at Liberum or Barclays. The Results Presentation slides will be made available via the Company website at (https://www.ejfi.com/investors/?category=financial-reports&year=#filter) shortly.
CONSULTAS
Para el gestor de inversiones
EJF Gerente de Inversiones LLC
Pedro etapa / Jay Ghatalia
GME@dhr-rgv.com / GME@dhr-rgv.com
+ 44 203 752 6775 / + 44 203 752 6776
Para el Secretario y Administrador de la Compañía
BNP Paribas SA, Sucursal Jersey
+44 1534 813 967 / + 44 1534 709 189
Para el Brokers
PLC de Barclays Bank
Andrew Davies / Dion Di Miceli / Stuart Muress
+44 20 7623 2323
Liberum Capital Limited
Darren Vickers/Owen Matthews
+44 203 100 2222
Acerca de EJF Investments Ltd
EJFI es una sociedad anónima de responsabilidad limitada registrada constituida en Jersey conforme a la Ley de Sociedades (Jersey) de 1991, modificada, el 20 de octubre de 2016 con el número de registro 122353. La Empresa está regulada por la Comisión de Servicios Financieros de Jersey (la "JFSC"). El JFSC está protegido tanto por la Ley de Fondos Colectivos de Inversión (Jersey) de 1988 como por la Ley de Servicios Financieros (Jersey) de 1998, según enmendada, contra la responsabilidad derivada del desempeño de sus funciones en virtud de dichas leyes.
El JFSC no ha revisado ni aprobado este anuncio.
LEI: 549300XZYEQCLA1ZAT25
Advertencias e información para inversores
Se puede acceder a la última información disponible sobre la Compañía a través de su sitio web en www.ejfi.com.
Esta comunicación ha sido emitida por, y es responsabilidad exclusiva de, la Compañía y solo tiene fines informativos. No es, ni tiene la intención de ser, una invitación, incentivo, oferta o solicitud para negociar con las acciones de la Compañía. El precio y el valor de las acciones de la Compañía y los ingresos derivados de las mismas pueden subir o bajar y es posible que los inversores no recuperen el monto total invertido en la enajenación de acciones de la Compañía. Una inversión en la Compañía debe considerarse solo como parte de una cartera equilibrada de la cual no debe formar parte desproporcionada. Se aconseja a los posibles inversores que busquen asesoramiento profesional legal, financiero, fiscal y de otro tipo antes de tomar cualquier decisión de inversión.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.