Burford Capital Limited, a global provider of investment capital and risk solutions for litigation, is pleased to announce that the offering of $40 million in contingent preference shares by a wholly-owned subsidiary of the Company has been fully subscribed.
The issuance of the contingent preference shares – through which institutional investors agree on demand to provide up to $40 million in additional capital to the Company – is consistent with Burford’s prior public statements about its capital...
Juridica, a leading provider of strategic capital for corporate legal claims to both businesses and the legal markets, is pleased to announce that partial settlements from an investment within its maturing portfolio have generated gross cash proceeds of US$17.5 million. These settlements were completed in June and the Company will receive the cash proceeds at year end.
The proceeds represent a realised gain on the Company's investment and not a return of capital. The return generated is in line...
