The Investment Division has announced that income from investment as at October 2014 netted US$1.01 million. The division indicated that revenues from investment came from rental from real estate, financial assets, among others.
According to the report, an amount of US$600,000 was received as rental from NASSCORP House at the ELWA Junction in Monrovia. Buchanan Residential Building in Grand Bassa County netted US$87,750.00 each, while the Kakata Guest House in Margibi County and Voinjama Guest House in Lofa County raised US$93,750.00 and US$36,180.00 respectively.
Additionally, US$90,000.00 was received as semi-annual interest on the US$1 million Cellcom debentures held by NASSCORP while an amount of US$11,540.00 was received as fixed income deposit with Guaranty Trust Bank (Liberia) Limited.
On progress within the investment portfolio of the corporation, the Investment Division reported that the ELWA Commercial Complex which was dedicated on June 2014 is expected to yield significant returns that would be redirected into other profitable ventures.
As a result of the outstanding performance of Cellcom, regarding the debenture held by NASSCORP with Cellcom, NASSCORP has reinvested additional US$1 million for another five years as of August 22, 2014, among others.
Meanwhile, the division has disclosed that the investment portfolio as of November 14, 2014, stands at US$37.8 million. The categories of the portfolio include real property, 63%; financial assets, 33%, and loans/guarantee.