Reduction in Gearing

RNS Number : 0882K

Mid Wynd Inter Inv Trust PLC

08 July 2011

 



MID WYND INTERNATIONAL INVESTMENT TRUST PLC

REDUCTION IN GEARING

To help protect assets against any significant fall in market values FTSE 100, S&P500 and Euro Stoxx index futures were sold on 6 July.   On the same day out-of-the-money call options in these indices were purchased with expiry dates in 2012.  These call options provide an element of cover should markets rise significantly.  Together these transactions take effective gearing to equities  (offsetting cash and taking into account the sale of futures and purchase of call options) from  108% of shareholders' funds to 94% of shareholders' funds.

On behalf of the Board,

Baillie Gifford & Co

Company Secretaries

8 July 2011

For further information please contact:

Michael MacPhee         Baillie Gifford & Co                              0131 275 2055

 

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