11th Jul 2007 14:17
Prodesse Investment Limited11 July 2007 11 July 2007 The Company wishes to change the date on which the exchange rate for those whohave elected to receive their dividends in pounds sterling. The exchange ratewill now be set to 17 July 2007. PRODESSE INVESTMENT LIMITED Interim Dividend for the Second Quarter 2007 and Net Asset Value Prodesse Investment Limited has declared an interim dividend for the quarterended 30 June 2007 of US$0.16 per share payable on 3 August 2007 to holders onthe register on 13 July 2007. Dividends are calculated and paid in US dollars.Shareholders wishing to receive their dividend payments in pounds sterling canelect to do so by contacting Computershare Investor Services (Channel Islands)Limited, Tel: 01534 825294. The exchange rate for payment to those who haveelected to receive their dividends in pounds sterling will be set on 17 July2007. The Company also announces that the unaudited Net Asset Value per OrdinaryShare, including accrued and net undistributed income, as at 30 June 2007 wasUS$7.77. Assuming a USd/GBp exchange rate of 2.0071, which was the prevailingspot rate on 29 June 2007, the Net Asset Value per Ordinary Share would havebeen equivalent to 387.1p. This figure is given for information only, asProdesse holds its assets and liabilities, and reports its results, in USdollars. Mr. Ronald Kazel, director of Prodesse and a managing director at the Company'sinvestment adviser, FIDAC, commented on today's release: "We are pleased to beable to declare the fourth consecutive increase in our quarterly dividend, asmarket and operating fundamentals for Prodesse continue to improve. Although NAVdeclined with the recent sell-off in the US bond market, the resulting change ininterest rates has improved the investment opportunities for our distributableincome-focused strategy. We believe that investors will continue to benefit fromthe Company's attractive dividend yield and our avoidance of credit risk throughinvesting solely in U.S. Agency mortgage-backed securities." Enquiries:RBSI Fund Services (Guernsey) Limited:Sara Radford / Paul Smith 01481 743004 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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