AcenciA Debt Strategies Ltd, which invests in a highly focused portfolio of multi-strategy credit and event-driven funds, with a focus on distressed debt, has announced its audited results for the year ended 31 December 2015.
The Net asset value per share at 31 December 2015 decreased by 6.1% to $1.57 and the share price by 9.2% to $1.42 (taking account of dividends paid in both cases). An interim dividend of 2.74 cents was declared, representing an annualised dividend yield of 2.0% based on the closing share price of the Company of $1.343 on 25 April 2016.
William Scott, Chairman of AcenciA, said; “2015 was a difficult and challenging year for debt investors in general and AcenciA was no exception. The second half of the year was particularly brutal with the Credit Suisse High Yield USD Index falling by 7.6% and AcenciA’s NAV per share falling by 9.5%. Over the full year, our NAV fell by -6.1% to $1.57 (taking account of dividends paid). The Credit Suisse High Yield USD index had its worst non-recession year since 1983.”
ACD : Acencia Debt Strategies has difficult year