Sterling Conversion

RNS Number : 8929N

Prodesse Investment Limited

25 February 2009

 



25 February 2009

PRODESSE INVESTMENT LIMITED

Sterling Conversion Rate for Q4 2008 Dividend 

The Company previously declared a dividend for the quarter ended 31 December 2008 of US$0.19 per share payable on 11 March 2009 to holders on the register on 20 February 2009. For those shareholders who have elected to receive their dividend in Sterling, the dividend will be 13.0809 pence per share based upon an exchange rate of 1.4525.

About Prodesse Investment Limited

Prodesse is a limited liability Guernsey-incorporated closed-end investment company, the investments of which are managed by Fixed Income Discount Advisory Company. The Company's investment policy is to provide net income for distribution from the spread between the interest income earned from a portfolio of residential mortgage-backed securities and the cost of repurchase agreements entered into to finance the acquisition of such residential mortgage-backed securities.

Enquiries:

BNP Paribas Fund Services (Guernsey) Limited:

Sara Radford / Jean McMillan 01481 750850

 

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