DUPD announces preliminary 2009 results

DUPD (LSE: DUPD LN) published its preliminary 2009 financial results and an operational update via the Regulatory News Service this morning. The company said as of December 31, 2009 its committed funds equaled USD 231.3 mln across 10 investments and its cash balance was USD 86.2 mln (vs. USD 121.2 mln at end-2008), of which USD 57.7 mln was uncommitted (vs. USD 86.2 mln at end-2008). DUPD’s NAV per share was USD 2.62 (up 6.3% yoy), while NAV slipped 6.2% yoy to USD 293.9 mln. DUPD said it spent GBP 10.4 mln on its share buyback program; 17.3% of shares have been bought and subsequently cancelled through the program since August 2008.