3rd Jul 2006 07:30
Queen's Walk Investment Limited Queen's Walk Investment Limited - AGM, Annual Report & AccountsQueen's Walk Investment Limited03 July 200603 July 2006 Queen's Walk Investment Limited (the `Company') AGM and Annual Report and Accounts The Company announces that its 2006 Annual Report and Accounts, Notice ofAnnual General Meeting and Form of Proxy have today been mailed to allshareholders of the Company. The Company's Annual General Meeting will be heldat its registered office, Dorey Court, Admiral Park, St. Peter Port, GuernseyGY1 3BG on Monday, 31st July 2006 at 11.30am (London time).Among the resolutions to be proposed at the Annual General Meeting are:1. To receive and adopt the Company's accounts and the reports of the Directorsand Auditors for the period ended 31 March 20062. To re-elect each of the existing Directors as Directors of the Company3. To re-appoint Deloitte & Touche as the Company's Auditors.Further details of these resolutions are set out in the notes accompanying theNotice of Annual General Meeting.Copies of the above documents have been sent to the Financial ServicesAuthority and will shortly be available for inspection at the FinancialServices Authority's Document Viewing Facility which is situated at:Financial Services Authority25 The North ColonnadeCanary WharfLondonE14 5HSTelephone: +44 (0) 20 7066 1000A copy of the 2006 Annual Report and Accounts is also available on theCompany's website: www.queenswalkinv.com. For further information please contact:Investor Relations:Caroline Villiers+44 (0) 20 7153 1521Cheyne Capital Management LimitedSyd Hanna+44 (0) 20 7031 7423About the CompanyQueen's Walk Investment Limited is a Guernsey-incorporated investment companylisted on the London Stock Exchange. The Company's investment objective is topreserve capital and to provide stable returns to shareholders in the form ofquarterly dividends. To achieve this, Queen's Walk invests primarily in adiversified portfolio of subordinated tranches of asset backed securities,including the unrated "equity" or "first loss" residual income positiontypically retained by the banks or other financial institutions which haveoriginated the loan assets that collateralise a securitisation transaction. TheCompany makes such investments where its investment manager, Cheyne CapitalManagement Limited, considers the coupon or cashflows from the investment to beattractive relative to the credit exposure of the underlying asset collateral.The Company believes that its investment focus provides equity investors withexposure to a relatively new investment opportunity in this asset class.Nigel MasseyKleinwort Benson (Channel Islands) Fund Services LimitedSecretary01481 727111A06440110/0.6/30 Jun 2006 ENDQUEEN'S WALK INVESTMENT LTDRelated Shares:
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