Jan. 12, 2018: Press Release: Victura Construction Group Acquires $100,000,000 in "AAA" Rated Assets to Bolster Balance Sheet
Victura Construction Group Acquires $100,000,000 in "AAA" Rated Assets to Bolster Balance Sheet
FT. WORTH, Texas, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Victura Construction Group, Inc.(VICT) , a holding company focused on strategic acquisitions within the construction industry, announces that it has acquired 2,045 trust units from NVC Fund LLC a Delaware, LLC ("NVC"), a Trust Manager of NVCFUND Holding Trust, respectively.
On October 7, 2017, Standard and Partners, a respected Auditing firm appraised and valued the NVC FUND Holding Trust business in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Foundation and the International Valuation Standards (IVS) published by the International Valuation Standards Council covering the last 3 years. The Fair Market Value of One Trust Certificate Unit was appraised and valued at Forty-Eight-Thousand-Eight-Hundred and-Eighty-One US Dollars ($48,881).
On October 15, 2017 Saifur Rahman and Associates scored NVCFund Holding Trust a credit rating of 1.2 ("AAA" equivalent), meaning a Prime Investment Grade Rate. The financial score of 0.5 and Business and Industry risk is 1.0 and is accompanied by the favorable Country risk and Management risk leading to a final credit rating score of 1.2.
Said VICT CEO Patrick Johnson: "The acquisition of these AAA rated NVC Assets with convertible preferred stock is a great way to bring substantial Net Asset Value to the company's books. The company now possess the financial backbone to enhance our business capabilities exponentially moving forward."
The companies have scheduled an escrow closing for the transfer of securities.
