Distribution

RNS Number : 8603M

Atlantis Japan Growth Fund Ld

23 August 2011

 



ATLANTIS JAPAN GROWTH FUND LIMITED ("AJGF" or the "Company")

(A closed-ended investment company incorporated in Guernsey with registration number 30709)

Distribution from the 30 June 2011 Redemption Pool

23 August 2011

The Board of Atlantis Japan Growth Fund Limited announce that it has approved a final payment ("final distribution") equivalent to 83.88 pence per share (US 138.30 cents), in respect of those ordinary shares which were validly accepted for redemption at the second Redemption Point, 30 June 2011.

This payment follows the sale of all the investments held in the Redemption Pool and no further distribution payments will be made from this redemption pool.

This final distribution is expected to be paid on or around 9 September 2011.

The amount to be applied to the final distribution comprises the monies received from the realisation of all the Company's investments in the Redemption Pool, less any funds used or required to settle any liabilities (including the running costs of the Redemption Pool since 30 June 2011).

Following the payment of this final distribution, the Company will have returned to redeeming shareholders a total of 83.88 pence per share (US 138.30 cents) from the Redemption Pool.

Given the small cap nature of the underlying portfolio and the ongoing difficult market conditions, the Board is gratified by the achievement of the Investment Manager in the value realised from the Redemption Pool. 

Enquiries

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited

Company Secretary

Tel:       [phone]

Email:   [e-mail]

 

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