August 14, 2020 Hürth / Germany The SiLLC Assembly team revised its Capital Allocation for 2020.
Please note that this update contains forward-looking statements regarding our assembly prospects, goals, strategies, anticipated financial performance, and the anticipated impact of the pandemic on our projects and investments.
Please understand that forward-looking statements are only estimates of future performance and should be taken as such. The forward-looking statements represent assembly management’s expectations only as of today and the assembly disclaims any obligation to update them.
“The SiLLC Assembly team has decided to adjust the 2020 capital allocation according to its strong quarter and to reflect the unprecedented current trading environment,” said Markus Schronen, Board Chair, and Assembly Consultant.
Although the SiLLC Assembly can rely on its unique investment models and its strong balance sheet, the duration of the crisis requires reallocating the Assembly’s cash situation to protect its plans and future operations.
Strict control of costs and investment capital has been implemented.
“On behalf of the SiLLC Assembly’s members, I would like to thank everyone for their commitment and resilience. Their health and wellbeing, as well as those of all our followers and friends, must remain the key priority. I am confident that the decisions aimed at mitigating the situation and protecting the long-term financial position will enable the SiLLC Assembly to act from a position of strength when this crisis is behind us,” said Martin Schuetz, Assembly Leader.
This document contains forward-looking statements based on the current estimates and assumptions made by the assembly team of SiLLC. These statements use words such as expect, intend, plan, predict, assume, believe, estimate, anticipate, forecast, and similar formulations, but they should not be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and the results achieved by SiLLC and its affiliated groups depend on several risks and uncertainties, and may, therefore, differ materially from the forward-looking statements. Many of these factors are outside SiLLC’s control and cannot be estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. SiLLC does not plan or undertake to update forward-looking statements.
All transactions are carried out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. It contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results, and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements, case studies, or forecasts. All references to SiLLC’s advisory activities relate to SiLLC International.