18th Nov 2005 14:36
Prodesse Investment Limited18 November 2005 Prodesse Investment Limited 18 November 2005 Prodesse Investment Limited: Quotation on the London Stock Exchange Prodesse Investment Limited ("Prodesse") announces that the currency in whichits ordinary shares are quoted on the London Stock Exchange will change from USDollars to pence Sterling on 22 November. Prodesse believes that the change of quoted currency will enable a wider spreadof investors to participate in the superior income generated by the fund andcreate a more liquid trading environment by bringing it into line with otherquoted UK funds and enabling inclusion into the FTSE Actuaries UK Series ofindices. Assets, Earnings & Dividends: Prodesse invests in a range of securities solely within the US mortgage-backedmarket of AAA and implied AAA rated securities. These assets and the incomethey generate are denominated in US Dollars. As such, Prodesse intends tocontinue to provide earnings and NAV information to the market in US Dollars, inline with many other UK quoted companies. Prodesse already provides the choiceto investors to receive quarterly dividends in US Dollars or pence Sterling, andwill continue to do so. This change of currency will only affect the visible quote of the trading priceof Prodesse shares in the market, and Prodesse does not intend to change the wayin which it invests or manages its portfolio as a result of this change.Specifically, Prodesse does not intend to enter into any form of currencyhedging either in respect of the share price or the choice of currency forreceiving the dividend. Enquiries: Merrill Lynch: Peter Tracey 020 7996 4541 Will Smith 020 7996 2490 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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