Reinet Fund S.C.A., F.I.S. Reports Increase in NAV as of March 2024

Reinet Investments SCA announced that its subsidiary, Reinet Fund S.C.A., F.I.S., recorded a net asset value (NAV) per share of €36.11 as of March 31, 2024. This represents a significant increase from the €33.47 reported at the end of December 2023. The NAV calculation, based on 171.3 million shares, reflects total assets of €6,185 million.

The NAV encompasses investments in Pension Insurance Corporation Group Limited, British American Tobacco p.l.c., among others, and is calculated using the fair values of these assets and liabilities as of March 2024. The audit for the year-end is still to be completed which may affect the final NAV figures.

Reinet Fund’s performance is crucial for the consolidated balance sheet of Reinet Investments SCA. The parent company’s assets and liabilities also include cash and receivables from Reinet Fund. The overall NAV of Reinet Investments SCA, calculated by excluding treasury shares, will be released at a later date and is expected to vary from the NAV of Reinet Fund.