The results don't look good to me, but I am happy to be corrected.
What is good about the following:
-NTA down from $1.27 to $0.72
-Look through gearing up from 64.4% to 68.7%
-Mark to market movements and write downs account for -85% movement in NTA. Movement offset by 35 cent gain from strengthened USD
No mention of distribution guidance.
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- not looking good
The results don't look good to me, but I am happy to be...
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