Portfolio Net Asset Value definition
Portfolio Net Asset Value means the Portfolio Market Value reduced by any accrued but unpaid expenses of the Company, but not provisions for tax payable, and after subtracting any borrowings drawn down and adding back any borrowings repaid.
Portfolio Net Asset Value means the Portfolio Market Value reduced by any accrued but unpaid expenses of the Company, but not provisions for tax payable, and after subtracting only those borrowings drawn down (and adding back any borrowings repaid) implemented by the Investment Manager as part of its discretion in managing the Portfolio in accordance with the Investment Strategy.
Portfolio Net Asset Value means the Portfolio Market Value reduced by any accrued but unpaid expenses of
Examples of Portfolio Net Asset Value in a sentence
The Reference Basket may hold up to 10% of the Portfolio Net Asset Value in other eligible collective investment schemes.
More Definitions of Portfolio Net Asset Value
Portfolio Net Asset Value means the Total Assets of the Issuer minus (a) Cash and Cash Equivalents held by the Issuer and (b) any Non Interest Bearing Debt of the Issuer.
Portfolio Net Asset Value means market value of the assets of the Portfolio, reduced by any accrued but unpaid expenses of the Company, but not provisions for tax payable or unpaid dividends of the Company, and after subtracting any borrowings drawn down and adding back any borrowings repaid.