MedicX Fund reports healthy yield

MedicX Fund, the investor in primary healthcare properties in the UK announced in its interim management statement for the period from 1 April 2012 to 8 August 2012, that its portfolio was valued at 30 June at £286.1 million reflecting a net initial yield of 5.87%. This is unchanged from March 2012, and compares favourably it says with the weighted average fixed cost of drawn long term debt held by the company of 4.72%. Incorporating the June valuation, the unaudited adjusted net asset value at 30 June 2012 is estimated to be £166.3 million, equivalent to 64.7p per share compared with 65.5p per share at 31 March 2012.