JZ Capital Partners achieved a total shareholder return (share price increase plus dividends paid) of 27 per cent for the period 1 September 2012 to 30 November 2012, according to the firm’s latest interim management statement.
The company also saw a 22.4 per cent increase in the share price from GBP3.51 to GBP4.30, while NAV stands at USD612m (HY12:USD610m), with a NAV per share of USD9.41 (HY12:USD9.38).
A dividend of 14c per share was paid on 5 November 2012
David Zalaznick, founder and investment advisor of JZCP, says: “JZCP has achieved a 27 per cent total return during this period amid a challenging environment in both the US and Europe. JZCP’s share price has also risen by some 22.4 per cent which has reduced the company’s discount to NAV to 26 per cent. In addition, shareholders have been paid a 14 cent dividend. We will continue to act prudently and will use our strong balance sheet to exploit the significant investment opportunities we are seeing in the US and Europe.”
