21st Apr 2005 16:29
American Investment Trust Limited21 April 2005 21 April 2005 The American Investment Trust Limited ("AIT") and American ZDP Limited ("AZDP") Distributions to shareholders and liquidation of the subsidiary The Board of The American Investment Trust Limited ("AIT") today announces thatin accordance with the intentions expressed in a Circular to shareholders dated14 February 2005 ("the Circular"), the Directors of AIT have declared a firstand final distribution of 1.10 pence per Annuity share, being an amountapproximately equal to the undistributed net revenue earned by AIT to 21 April2005. This distribution, together with a first and final distribution of 0.1pence per Ordinary share also declared today, in accordance with the intentionexpressed in the Circular, will be paid to shareholders next Tuesday, 26 April2005. The Board of American ZDP Limited ("AZDP") has agreed the transfer of £7,650,000of assets in part satisfaction of the undertaking agreement between AIT and AZDPand accordingly has declared an initial distribution of 34.5 pence per ZeroDividend Preference ("ZDP") share. The Board of AZDP intend to make a final distribution as soon as possible,probably in June 2005, of an amount reflecting the remaining assets of AZDPafter settlement of all final claims of creditors, estimated to be approximately0.9 pence per ZDP share. All three distributions to be made on 26 April 2005 will be made through CRESTto CREST-registered shareholders and by cheque to all other shareholders. Enquiries: Aberdeen Asset Managers Jersey Limited tel: +44 (0) 1534 758847 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AMI.L