Company Update

RNS Number : 6986A

Schroder Oriental Income Fund Ltd

22 March 2013

 



22 March 2013

Company Update

As part of its premium management policy the Board of Schroder Oriental Income Fund Limited (the "Company") has actively issued further ordinary shares to meet ongoing market demand. Over the last 12 months the ordinary shares have traded at an average premium of 2.5 per cent. to the underlying NAV, 15.5 million ordinary shares have been issued and the NAV has increased by 26.9 per cent. compared to an increase of 15.0 per cent. in the MSCI AC Pacific (ex Japan) index.

The Company's capacity to issue further shares without the publication of a prospectus has now become limited and following indications of demand for further share issuance the Board announces that it is considering ways in which such demand can be satisfied by way of a further equity issue, at a small premium to NAV, including a possible issue of C shares. A further announcement will be made in due course.

Enquiries:

John Spedding

Schroder Investment Management Limited Tel: [phone]

Chris Gook (sales)

David Benda (corporate)

Numis Securities Tel: [phone]

For further information, please contact:

 

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