Continuation Vote

RNS Number : 8957N

FRM Credit Alpha Limited

18 June 2010

 



18 June 2010

FRM Credit Alpha Limited (the 'Company')

Company Update

The Board of the Company wishes to announce that, following consultation with the Company's largest shareholders, the Board will not be exercising its discretion to offer an annual redemption facility in 2010.

The redemption facility will not be offered in order that the profile of the Company's investment portfolio can be maintained and that there are sufficient resources available to continue the Company's foreign exchange hedging programme.

The Board intends that shareholders will have an opportunity to vote on the Company's continuation at the 2010 annual general meeting expected to be held in November this year.  This continuation vote is in addition to the continuation vote that will be put to shareholders at the Company's annual general meeting in 2011.  The record date for voting on the Company's continuation at the 2010 annual general meeting will be at the close of business on 23 June 2010.

Enquiries:

Chris Brierley/Luke Burdess

Financial Risk Management Limited

020 7968 6136/ 7968 6208

Jane Lewis

Winterflood Investment Trusts

020 3100 0295

 

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