Acencia Debt Strategies : Annual Financial Report

ACENCIA DEBT STRATEGIES LIMITED

(The 'Company')

(Registered in Guernsey - Number 43787)

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 1GR

Telephone: +44 1481 737600

Facsimile: +44 1481 749810

Full Year Results for the year ended 31 December 2016

AcenciA Debt Strategies Ltd ('AcenciA' or the 'Company'), the closed-ended investment company listed on the London Stock Exchange, which invests in a highly focused portfolio of multi-strategy credit and event-driven funds, with a focus on distressed debt, today announces its audited results for the year ended 31 December 2016.

Highlights

· Net asset value ('NAV') per share at 31 December 2016 increased by 3.58% to $1.62 and the share price by 2.61% to $1.46 (taking account of dividends paid in both cases)

· A final dividend of 2.84 cents was declared, representing an annualised dividend yield of 3.8% based on the closing share price of the Company of $1.46 on 30 December 2016.

William Scott, Chairman of AcenciA, said;

'I am pleased to say that the strong performance from February 2016 has continued into 2017. The latest available published NAV per Ordinary Share shows a further rise in January 2017 of 1.79%, taking the trailing 12-month return to just under 12%. After a long period of exceptionally loose monetary policy following the 2008 crisis, we are beginning to see the early stages of normalisation of interest rates led, as usual, by the US which provides our principal opportunity set. Looking back at my review last year, I noted that our underlying managers regarded the then current market situation as being the most bullish for 5 years, starting from the back of a brutal market decline and developing into a classic debt restructuring environment in which they traditionally thrive. That transition to a more normal environment will present opportunities for skilled managers to differentiate themselves from their peers. The Board therefore looks forward with confidence to rates of return commensurate with the opportunity.

An Extraordinary General Meeting ('EGM') will be called in September at which a winding up resolution will be proposed which has a weighted voting mechanism such that 25% or more of the votes being cast in favour will be sufficient to carry the day. Whatever the outcome, those shareholders who wish to realise their investment will be able to do so either through the liquidation of the Company (if the resolution is passed) or by means of a tender offer (if not). In the near future, the Board and the Manager intend to consult with shareholders to gauge if there is sufficient appetite for a vehicle to permit those shareholders who wish to maintain their exposure to do so.'

For further information, please contact:

Saltus Partners LLP, Jon Macintosh

+ 44 20 7408 7765

Canaccord Genuity Limited, David Yovichic

+44 20 7523 8361

Kepler Partners LLP, Hugh van Cutsem

+44 20 3384 8796

Click on or paste the link below to your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/9863B_-2017-4-7.pdf