(January 31 – 16: 35 ET) – Strategic Value Corporation has revealed that it is in the midst of negotiations with a prospective equity investor. These negotiations are at a preliminary stage, says SVC. The amount and timing of any investment are uncertain.

SVC is unaware of any material information regarding the company that has not been generally disclosed which would justify any material increase in the company’s share price.

SVC, through its wholly-owned operating subsidiaries, sponsors and manages the Strategic Value Series of Funds and the O’Donnell Group of Funds, which have a combined total of approximately $3.3 billion invested in over 400,000 unitholder accounts in 30 public mutual funds and one private fund.
-IE Staff