Juridica Investments Announces Six Months Results

LONDON, Sept. 22, 2014 /PRNewswire/ -- Juridica Investments Limited ("Juridica", "JIL", or the "Company") (AIM: JIL), the leading provider of strategic capital to both businesses and the legal markets for corporate legal claims, has announced its financial results for the six months ended 30 June 2014.

The Company showed gross proceeds of US$84.6 million. Of this total, US$53.5 million in estimated net proceeds will be paid to the Company on 31 December 2014. This will represent an estimated 43.8% increase over net proceeds paid to the Company in 2013.

Net Asset Value ("NAV") per ordinary share increased 4.45% to US$2.11 at 30 June 2014 (US$2.02 at 31 December 2013) driven by total comprehensive income of approximately US$10.3 million generated during the six month period ended 30 June 2014.

It is anticipated that a dividend of US$37 million (20 pence per share) will be declared at year end. Following this distribution, JIL will have returned approximately US$101.3 million in dividends to shareholders (58.6 pence per share.)

Richard Fields, CEO of Juridica Asset Management limited, said, "During the first half of the year the Company has continued to manage its maturing portfolio of antitrust and commercial investments, while developing its patent activities through its partnership with ipCreate. Many of our investments are beginning to generate the returns that we expected. We are looking forward to even more such returns in the future which should be reflected in attractive dividend income and NAV growth." 

During 2014 Juridica entered into a partnership with ipCreate, a company that funds and executes strategic invention and IP creation projects. Juridica has initially funded one new patent investment with ipCreate and the National Football League Players Association. An additional three supplemental patent portfolio investments related to existing patent cases have also been made. As of 30 June 2014 the Company had invested or committed approximately US$148.4 million across 16 investments.

About Juridica Investments Limited

Juridica Investments is a leading provider of strategic capital to the business community and the legal markets for corporate claims. It invests directly and indirectly in a diversified portfolio of corporate claims in both litigation and arbitration. Juridica is one of the premier sources of value-added and direct financing for large business claims in the United States as well as one of the leading sources in the United Kingdom. The Company's clients are Fortune 1000 companies, FT Global 500 companies, inventors, major universities, and the leading law firms that represent them. Juridica only invests in cases undertaken by leading law firms that they have carefully vetted.

Juridica works to make the legal system work better for business claims. It does not invest in speculative claims or claims that do not demonstrate economic value and clear merits. Juridica invests only in business claims, and does not invest in class actions, personal injury, product liability, or mass tort claims. The Company's goal is to provide business clients with financial choices that reduce risk and assist in maximizing claim value.

Juridica was established in December 2007 as a limited liability, closed-ended investment company registered in Guernsey. It currently has over US$200 million of assets under management. It was the pioneer in alternative litigation financing and the first closed-end fund of its kind ever listed on AIM, a market operated by the London Stock Exchange (AIM: JIL).

The Company has appointed Juridica Asset Management Limited as its exclusive investment manager to locate, evaluate and manage direct and indirect investments in cases, claims and disputes.

http://www.juridicainvestments.com

SOURCE Juridica Investments Limited