Equicapita Announces Q4 2023 NAV

CALGARY, ALBERTA, CANADA, January 18, 2024 /EINPresswire.com/ -- Equicapita (Equicapita Income Trust and Equicapita Income LP) is pleased to announce the release of the December 31, 2023 average Net Asset Value Per Unit* (“NAV”) of $1.1382. Based on this most recent NAV, Equicapita has generated an annualised return to unitholders since inception of 10.5%** net of fees, while keeping return volatility <10.0% including operating through the extended economic dislocation of COVID shut-downs.

Equicapita is successfully executing its three-sector roll-up strategy in healthcare (Corpus Partners), royalties/master franchisors (Averine Partners) and light industrial (Preceptos Partners) and has an active letter of intent to acquire one additional business in Averine Partners, which is set to close before the end of the current quarter. Equicapita is also in the final stages of due diligence to divest one of its portfolio companies in Preceptos Partners by the end of the current quarter. Equicapita is preparing to begin taking steps in March 2024 to seek a commercially appropriate liquidity event.

During 2023, Equicapita reorganized its portfolio group into the three above named industry verticals and pushed its ‘top-of-house’ credit facility down to the three new operating LPs. Equicapita was successful in significantly reducing principal repayment requirements, which begun to free up additional distributable cash during the year as evidenced by the increased distributions paid over the last several quarters. Most recently, distributions in aggregate of $3M were declared and paid on November 30, 2023 and distributions of $8.6M were declared and paid during fiscal 2023, an increase of 561% over prior year. Distributions for Q4 2023 will be announced, declared and paid on February 29, 2024.

Disclaimer: This document is for information only and is not intended to provide the basis of any credit or other evaluation, and does not constitute, nor should it be construed as, an offer to sell or a solicitation to buy securities of Equicapita or any other entity, nor shall any part of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. No reliance should be placed on the completeness of the information contained in this document. This document is not intended to be a comprehensive review of all matters concerning Equicapita. Prospective purchasers of this investment opportunity may be provided with formal offering documents and will need to be qualified for investment prior to making any investment. No person has been authorised to give any information or to make any representation not contained in such formal offering documents. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed any of the offering documents. This investment opportunity is speculative and involves a high degree of risk. There is a risk that any investment made will be lost entirely or in part. Only prospective investors who do not require immediate liquidity of their investment and who can afford the loss of their entire investment should consider this investment. This document may contain forward-looking information and statements (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is provided for the purpose of providing information about the current expectations and plans of management of Equicapita relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. All statements other than statements of historical fact may be forward-looking information. More particularly and without limitation, this document contains forward-looking information relating to Equicapita’s investment objectives and strategies. Forward-looking information is based upon a number of assumptions and involves a number of known and unknown risks and uncertainties, many of which are beyond Equicapita’s control, which would cause actual results or events to differ materially from those that are disclosed in or implied by such forward-looking information. Although management believes that expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information since no assurance can be given that such information will prove to be accurate. Equicapita does not undertake any obligation to publicly update or revise any forward-looking statements except as required by applicable securities laws. There is no guarantee of performance, and past or projected performance is not indicative of future results.

*Calculated quarterly in accordance with the published NAV policy and is meant to reflect the aggregate fair market value of the Fund divided by total units issued and outstanding in all series and vintages.
**Return data represents the annualised return to an investor in Series A at fund inception, based on preferred and common distributions as well as current NAV. Returns vary by vintage and series.


 

Matt Barr
Equicapita Income Trust
+1 587-349-9765
distributions@equicapita.com