2nd Nov 2006 09:38
Queen's Walk Investment Limited02 November 2006 2 November 2006 Correction to Record Date This announcement replaces the previous RNS announcement released on 26 October,which incorrectly recorded the interim quarterly dividend record date as 15December 2006, rather than 24 November 2006. The revised announcement is set out below: 26 October 2006 Notice of Quarterly Results and Announcement of Interim Dividend Queen's Walk announces that it will release the results for the quarter ended 30September 2006 and the interim quarterly dividend for the period ended 30September 2006 on 13 November 2006. The Company's target dividend for the quarter ended 30 September 2006 is notless than €0.26 per share. The dividend will be payable on 18 December 2006 toshareholders of record on 24 November 2006. The Company continues to evaluate and undertake primary target investments andthe Company's investment manager, Cheyne Capital Management Limited, believesthat the pipeline of investment opportunities for the Company remains robust.The Company retains sufficient capital and financing flexibility to meet itsinvestment objective and policies in the medium term. For further information please contact: Investor Relations:Caroline Villiers +44 (0) 20 7153 1521 Cheyne Capital:Andrea Bonafe +44 (0) 20 7031 7480 About the Company: Queen'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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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