Definition of Portfolio Value


Portfolio Value means, as of any Business Day, (a) the sum of all Cash owned by the Fund plus the aggregate Component Value of each of the Investments and Other Investment Positions comprising the Portfolio, minus (b) the aggregate amount of Pending Redemptions to Fund Investors, plus (c) the sum of all Portfolio Receivables.
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Examples of Portfolio Value in a sentence

Silver Bay provides the Estimated Portfolio Value and Estimated NAV and believes such metrics are useful as additional tools for investors seeking to value the Company.
A description of the Company's AVM along with certain assumptions and limitations related to its AVM and its calculations of Estimated Portfolio Value and Estimated NAV can be found on the Company's website at www.silverbayrealtytrustcorp.com in the Investor Relations section under the non-GAAP Reconciliations link.
Estimated Portfolio Value and Estimated NAV are non-GAAP financial measures.
Silver Bay provides the Estimated Portfolio Value and Estimated NAV as additional tools for investors seeking to value the Company.
The Estimated Portfolio Value of the Company's properties is calculated by Silver Bay's proprietary automated valuation model ("AVM") which estimates the value of the Company's properties on an individual basis based on comparable sales in the residential real estate market, without reference to the intended use for the properties.