TORONTO, Canada (December 3, 2013) Bridging Credit Fund LP (“Bridging” or the “Fund”) announces that as at November 29, 2013, the unaudited net asset value per share (“NAV”) was $100.11. The Fund’s inception date was October 21st, 2013 with a starting NAV of $100.00. The Fund anticipates paying a distribution on the last business day of December, 2013.
The Fund gives Canadian investors access to a highly specialized asset class with a focus on delivering predictable yield over the long term. The Fund invests in an actively managed portfolio of asset-based loans that have good quality collateral, factored accounts receivable and inventory financing, primarily to Canadian and U.S. based companies. For more information on the Fund please visit: www.bridgingfinance.ca
Use of Non-GAAP Financial Measures
NAV is a non-GAAP financial measure calculated as the value of total assets less the value of total liabilities divided by the total number of limited partnership units outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. NAV is calculated as at a particular date and is, by its nature, historical, and may not be reflective of the Fund’s future performance.
For further information please contact:
Vice President, Sales
77 King Street West – Suite 2925
Toronto, ON. M5K 1K7