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“Relevant persons” are (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order. The securities of the Company are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not access, or seek to act or rely on, this website: or any of its contents.
On 12 May 2020, we published a Q&A with Hardman analyst. We provided investors with a detailed Q&A with Volta’s Directors and Investment Manager on the key issues, structured into i) risk management and portfolio solvency, ii) re-investment opportunities and iii) the revised dividend prospects. Volta marks to market most of its assets and captures both “real” losses and investor sentiment. This saw a sharp fall in NAV and strong recoveries in both April and May. Despite the latter, at the end of May, the average price for CLO equity tranches was just 42.6% and 38.3% for USD and Euro positions, respectively, giving considerable potential upside.
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