Nov 02, 2009 08:00
St Peter Port, Guernsey, 1st November, 2009 - The Forest Company Limited ("The Forest Company" or the "Company"), a closed-ended investment company incorporated and registered in Guernsey, announces that the Net Asset Valuation ("NAV") as at September 30th, 2009 is US$ 51,539,109 or US$ 8.2463 per share.
The Forest Company calculates NAV on a quarterly basis and the September 30th NAV represents a rise in value of +5.6% this quarter.
For additional information, please contact:
Sally-Anne Baron, Timber Capital Limited + 1 441 295 4737
About The Forest Company:
The Forest Company was founded in 2007. The business concept of the Company is to use experienced Directors and an Investment Manager, with expertise in the forestry and financial sectors, to build and sustainably manage a diversified portfolio of trees, timberland and other timber related assets. The emphasis will be on investments with high biological growth, directly or in partnership with major wood fiber consuming industrial entities or other suitable partners.
In March 2008 The Forest Company completed its first capital raising amounting of USD 50 million. Management invested USD 10 million and the other shareholders include Ilmarinen, Ahlström, Sampo, Kåpan and Robur.
Initially, the Company is focusing on Brazil and is currently fully committed in two initial investments, with possible follow-on investments.
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