Jurdicia announced that they were able to generate gross cash proceeds amounting to US$17.5 million from partial settlements from investments included in their maturing portfolio. The settlements were completed June of this year and Jurdicia will receive the cash proceeds by end of this year.
The proceeds represent realizes gain from company investments and not from return of capital gains. The returns generated are in line with Jurdicia's expectation as previously reflected.
Jurdicia Chairman, Lord Brennan said, "We are pleased that the portfolio continues to mature and deliver cash proceeds. The Board anticipates making dividend payments to shareholders over the next 12 months if the portfolio develops as expected; and will continue to pursue the Company's objectives of dividend income and NAV growth."
With latest successful investment returns, Jurdicia continues with the company's record of credible investment selections.
Juridica Investment Limited is the leading provider of strategic capital for corporate legal claims for both businesses and the legal markets.
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