AP Alternative Assets, L.P.

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Publicatie datum 09 nov 2012 - 03:55

Statutaire naam AP Alternative Assets, L.P.

Titel AP Alternative Assets Releases Financial Results for the Three and Nine Months Ended September 30, 2012

Bericht AP Alternative Assets Releases Financial Results for the Three and Nine Months Ended September 30, 2012 -- Announces Offer to Purchase Up To 6,666,666 Units in AP Alternative Assets for Up To a Maximum Value of $100 Million -- Guernsey, Channel Islands, November 9, 2012: AP Alternative Assets, L.P. (“AAA”, Euronext Amsterdam: AAA) today released its financial results for the three and nine months ended September 30, 2012. AAA invests its capital through, and is the sole limited partner of, AAA Investments, L.P., which is referred to as the “Investment Partnership.” Highlights Strategic & Capital Management Initiatives • On October 31, 2012, AAA consummated a significant transaction in which AAA contributed substantially all of its investments to Athene Holding Ltd. (“Athene”) in exchange for Class A common shares of Athene, cash and a short term promissory note. • On November 1, 2012, AAA repaid the remaining balance of $305.2 million on its term loan outstanding. • AAA announces a tender offer to purchase for cash up to 6,666,666 of its outstanding units at a range of $15.00 to $16.00 per unit for a maximum aggregate payment amount of up to $100 million. Net Asset Value for AAA • Net asset value at September 30, 2012 was $1,531.8 million, or $19.10 per unit, representing a net increase in net assets of $17.2 million, or $0.22 per common unit, during the quarter. Operating Results for the Investment Partnership • The net gain from investments was $29.9 million and $173.8 million for the three and nine months ended September 30, 2012. Management Commentary Marc Rowan, Senior Managing Director of AAA’s investment manager, said “Since initiating a strategic review of AAA, we have made meaningful progress towards delivering value to AAA’s unitholders. The unit price of AAA has increased by more than 55%, we completed two tender offers for a total of $100 million and are currently launching another tender offer for up to $100 million, eliminated AAA’

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