21st Mar 2006 16:47
Midas Income & Growth Trust PLC21 March 2006 21 March 2006 Midas Income & Growth Trust PLC ("the Company") The Board is pleased to announce that, as envisaged in the recent Prospectusdated 27 January 2006, the Company has renegotiated the terms of its BilateralTerm Loan Agreement (the "Amended Loan Agreement") with Allied Irish Banks PLC(the "Bank"). Under the terms of the Amended Loan Agreement, up to £5.5 millionis now available for draw down. The Company's existing fixed rate £2,500,000drawing under the original fixed loan agreement with the Bank has been repaidand broken at a one off break cost of £26,836.00 and £2,500,000 has beenre-drawn under the terms of the Amended Loan Agreement on a floating interestrate basis for an initial three month period at an all-in rate of 5.34565%. Up to £3,000,000 remains available for drawing under the Amended Loan Agreementin the future. Enquiries: David Thomas, Midas Capital Partners Limited 0151 906 2461Charles Mearns, Aberdeen Asset Management PLC 0131 313 6442 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SIGT.LALBK.L