Closing of Hedge

DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC 22 July 1999 Edinburgh Fund Managers, manager to Dunedin Income Growth Investment Trust PLC, has revised up their expectations for UK Corporate earnings and their estimate for The All Share Index in 12 months time. The FTSE Future sold on 27 April 1999 at a level of 6627.61 has therefore been closed today. This increases the equity gearing in the trust back to 114%.
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