JPEL Private Equity stock story
JPEL announced today they will return $90 million to shareholders. This equates to 18.7% of net assets to be returned at a NAV of $1.48. This is a larger capital distribution than anticipated by most analysts and will equate to a significant uplift on the portfolio’s overall holding.
JPEL Private Equity Limited is 5.65% of the portfolio as at 31 Mar 2017.
For the full release, click here.