TEMPUS, the investment column of The Times, has given NAVF its coveted ‘buy’ recommendation. The column observes that the share price is within striking distance of the 233p net asset value after a 17.4 per cent return on capital in 2025 and that the trust has grown from £103 million at launch in 2020 to £450 million.
All investment is subject to risk. The value of the shares in Nippon Active Value Fund plc (the “Company”) may go down as well as up. Past performance is no guarantee of future returns and there is no guarantee that the market price of the Company’s shares will fully reflect their underlying net asset value. There is also no guarantee that the Company’s investment objective will be achieved. Potential investors are advised to seek expert financial advice before making any investment decision and should be aware that they may not fully recover the amount invested.
Nippon Active Value Fund plc, registered in England and Wales, Registered Number: 12275668, 4th Floor, 46-48 James Street, London, England, United Kingdom, W1U 1EZ.
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As some of the Company’s investments may be unquoted, net asset value figures in relation to the Company may be based wholly or partly on estimates of the values of the Company’s investments, which estimates may themselves have been subject to no verification or auditing process or may relate to a valuation at a date before the relevant net asset valuation for the Company, or which have otherwise been estimated by the Company’s advisers. Other information on this website may be historic and/or may no longer be of relevance. The Company reserves the right to add to, modify or delete any information on this site at any time.
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Information contained in this website which relates to the net asset value performance of the Company may not be indicative of how the Company’s investments may perform in the future. The information on the pages that follow may contain forward-looking statements. Any statement other than a statement of historical fact is a forward-looking statement. Actual results may differ materially from those expressed or implied by any forward-looking statement. Moreover the values of such investments may fluctuate considerably and the historic net asset values shown for the Company take no account of the costs or practical difficulties of realising some or all of such investments. The value of investments offered through or mentioned in the site may go down as well as up and investors may not get back the amount invested. No assurance can be given that the investment objective will be achieved. Information on past performance, where given, is not necessarily a guide to future performance. Changes in rates of exchange between currencies may cause the value of investments to decrease or increase. The information on the site is provided solely for information and does not constitute investment advice or personal investment recommendations. Investments offered through or mentioned in the site may not be suitable for all recipients and in each case potential investors are advised not to take any investment decision unless they have taken independent advice from an advisor authorised under FSMA.
As a result of the Financial Conduct Authority (“FCA“) rules determining which investment products can be promoted to retail investors, certain investment products are classified as “non-mainstream pooled investment products” and face restrictions on their promotion to retail investors. The Company has concluded that the distribution of its shares, being shares in an investment trust, is not restricted as a result of the FCA rules described above. The Company currently conducts its affairs so that the shares issued by the Company can be recommended by financial advisers to retail investors and intends to continue to do so for the foreseeable future.
No securities of the Company have been or will be registered under the US Securities Act of 1933, as amended (the “Securities Act“) or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States, or to or for the account or benefit of any US person (within the meaning of Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. In addition, the Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended. There will be no public offer of securities in the United States.
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Shore Capital Stockbrokers Limited (“Shore Capital“), which is authorised and regulated by the Financial Conduct Authority (FCA number 1446629), is acting exclusively for the Company and no-one else in connection with the Placing Programme as defined and described in the Prospectus. Shore Capital will not be responsible to anyone other than the Company for providing the protections afforded to clients of Shore Capital or for providing advice in relation to the Placing Programme.
Joh. Berenberg, Gossler & Co. KG, London Branch (“Berenberg“) which is authorised by the German Federal Financial Authority (BaFin) and which is authorised and regulated by the Financial Conduct Authority (FCA number 959302), is acting exclusively for the Company and no-one else in connection with the Schemes and the Placing Programme as defined and described in the Prospectus. Berenberg will not be responsible to anyone other than the Company for providing the protections afforded to clients of Berenberg or for providing advice in relation to the Schemes, the Placing Programme or the other arrangements described in the Prospectus.
Apart from the responsibilities and liabilities, if any, which may be imposed on Shore Capital or Berenberg by the Financial Services and Markets Act 2000, as amended, or the regulatory regime established thereunder, neither Shore Capital nor Berenberg accepts any responsibility whatsoever for the contents of this website or the Prospectus or for any statement made or purported to be made by it, or on its behalf, in connection with the Company, the Schemes, the Placing Programme or any other transaction or arrangement referred to in the Prospectus. Each of Shore Capital and Berenberg accordingly disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of such material or any such statement.
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Disclaimer
Access to the presentation contains in this section of the website of Nippon Active Value Fund plc (the “Company”) (the “Presentation”) is restricted. The Presentation has been prepared for information purposes only and are not intended to be relied upon as the basis for an investment decision.
Any investment in the Company is subject to various risks, not all of which are outlined in the Presentation. All such risks should be carefully considered by investors before they make any investment decision. The content of the Presentation is not to be construed as legal, business, or tax advice, and each investor should consult its own attorney, business advisor, and tax advisor as to its own independent legal, business, and tax advice.
The Presentation has not been approved as a financial promotion by an authorised person within the meaning of the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”). The Presentation is only being distributed to or directed at persons in the United Kingdom (“UK”) who fall within the exemptions contained in article 19(1) (investment professionals) or article 49 (High net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and persons (whether inside or outside the UK) who are otherwise permitted by law to receive it (together “relevant persons”). The Presentation must not be acted upon nor relied on by persons who are not relevant persons. Any recipient of the Presentation who is not a relevant person should return it immediately to its sender and take no other action.
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