AFHI Aber.GD.C&I

 
TIDMAFHI 
 
ABERFORTH GEARED CAPITAL & INCOME TRUST plc ("AGCiT") 
 
The Net Asset Values ("NAVs") for the above company - calculated using a 
bid pricing basis for the securities held on the company's portfolio - as 
at the close of business on 12 August 2010 were:- 
 
Capital Share (per Articles) = 334.62p 
 
Capital Share (capital entitlement of 100p per Income Share) = 326.67p 
 
Capital Share (capital entitlement of 100p per Income Share and nil swap 
valuation) = 343.10p 
 
Income Share (excluding Current Year Revenue) = 101.35p 
 
Income Share (including All Revenue) = 103.65p 
 
As at 12 August 2010, AGCiT held 66 investments, the largest of which 
represented 4.7% of investable assets.  The market value of investments was 
GBP94.6m less bank debt and net current assets/liabilities (excluding Income 
Shares) of GBP34.1m to leave Shareholders' Funds (including Income Shares) of 
GBP60.5m. Details of the top 50 holdings, the portfolio's sectoral 
composition and other general information can be found on the Aberforth 
website at http://www.aberforth.co.uk. 
 
AGCiT employs a significant amount of bank debt to provide gearing in its 
capital structure. 
 
The number of Income Shares of 1p currently in issue is 24,500,000.  The 
number of Capital Shares of 1p currently in issue is 10,500,000.  All net 
income will be attributed to Income Shares which have a capital entitlement 
of 96.59p each rising to 100p by the Planned Winding Up Date of 31 December 
2011, which date will subsist unless an earlier reconstruction is approved. 
Capital Shares receive no dividends but all capital after repayment of bank 
debt and capital entitlement of Income Shares. AGCiT's Bank facility is GBP 
34.3m (GBP30.0m of which is at a fixed interest rate of 6.47%).  The fair 
value of AGCiT's interest rate swap agreement based on the bid price at 12 
August 2010 was a liability of GBP1,724,000 and is accounted for within the 
NAV of the Capital Share. 
 
Dividends are paid, semi-annually, to Income Shareholders with the first 
interim announced each July and paid in August and the second interim 
announced each January and paid in February. 
 
Contact - Gary Tait (Tel: 0131 220 0733) 
Aberforth Partners LLP, Secretaries - 13 August 2010 
 
ANNOUNCEMENT ENDS 
 

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