Portfolio update and first interim distribution
April 27 2010 - 10:38AM
UK Regulatory
TIDMADU
RNS Number : 8915K
Advance UK Trust PLC
27 April 2010
Advance UK Trust PLC (in members' voluntary liquidation)
Portfolio update and first interim distribution to shareholders
As at the close of business on 23 April 2010, the Company held 13 investments in
closed end funds valued at bid price at GBP14.1m and net cash available for
distribution of GBP33.5m. In addition, there were unsettled trades of
approximately GBP1.9m.
In accordance with the circular to shareholders, the Joint Liquidators, Laura
Waters and Richard Setchim, both of PricewaterhouseCoopers LLP, have declared
today a first cash distribution at the rate of 119.0p per Ordinary Share. In
aggregate, the distribution will return GBP33.5m to shareholders. Cheques will
be dispatched to shareholders shortly.
The largest ten remaining holdings as at 23 April 2010 were Asset Management
Investment Company, Blackrock Absolute, Bramdean Alternatives, Ceres
Agriculture, Framlington Innovative, Greenwich Loan Income, Henderson Private
Equity, Infrastructure India, Marwyn Value and Quorum Oil & Gas.
Enquiries:
John Luetchford / Anthony Lee
Cavendish Administration Limited
Tel: 020 7490 4355
27 April 2010
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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