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Re: betahighlander post# 5368

Wednesday, 04/29/2015 6:02:34 PM

Wednesday, April 29, 2015 6:02:34 PM

Post# of 11618
Adjusted Adjusted book value per share of $4.56


The reported adjusted book value per share was $2.67 but in the in note 9 of the footnotes to the calculation of the adjusted book value they tell us that 84,584 of pref shares where given back to Syncora in the first quarter of 2015 and were not added to the adjusted book value.

If you add the value of the pref shares...roughly $106,000 to the adjusted book value of $150,300 the adjusted adjusted BVPS is $4.56. So if my calculations are correct then not a bad report after all.
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