Interim Management Statement

RNS Number : 6192F

Schroder Oriental Income Fund Ltd

15 January 2010

 

SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 30 November 2009

Investment Objective

The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.

Company Statistics as at 30 November 2009

Gross Assets	£200.25 million
Net Asset Value (NAV) per Ordinary Share	115.56p
Share Price	113.25p
Discount	2.00%
Number of Holdings	73
Net Effective Gearing	7.85%
Cash	3.13%
Yield	4.90%

Cumulative Performance to 30 November 2009

Performance over	3 months	1 year	3 years
Share Price (Total Return)	9.5%	93.2%	28.9%
Net Asset Value (Total Return)	12.4%	81.7%	27.3%

All Performance Data Source: Fundamental Data. 

Portfolio Information as at 30 November 2009

Ten Largest Holdings

Stock Name	Country	Market Value(£)	Percentage of  NAV
Fortune Real Estate Investment Trust	Singapore	10,028,618	5.03
QBE Insurance Group	Australia	7,383,831	3.71
Jardine Matheson	Hong Kong	6,616,845	3.32
Suncorp Metway	Australia	6,464,308	3.24
Australia & New Zealand Banking Group	Australia	6,094,466	3.06
Ascendas Real Estate Investment Trust	Singapore	5,746,900	2.88
Far EasTone Telecommunications	Taiwan	5,266,882	2.64
Hang Seng Bank	Hong Kong	5,240,632	2.63
SUNTEC	Singapore	4,954,632	2.49
SK Telecom	Korea	4,908,495	2.46

Country Allocation     

Country        Percentage of NAV 

Australia          24.86

Canada             2.78

China                4.95

Hong Kong     19.88

Indonesia          2.90

Korea               3.46

New Zealand    3.33

Philippines         1.82

Singapore       19.07

Taiwan           11.32

Thailand           4.48

USA                1.15

Material Events or Transactions

During the quarter the Company issued 1,650,000 shares.

There have been no other material events or transactions that have taken place between 1 September 2009 and the date of publication of this Statement. 

Annual General Meeting

The Annual General Meeting of the Company was held on 9 December 2009. All resolutions set out in the Notice of Meeting were duly passed.

Changes to Share Capital during the quarter ended 30 November 2009

	Issued Ordinary shares of 1p each
As at 31 August 2009	153,334,500
Shares issued during the period Shares bought back during the period	1,650,000 Nil
Shares in issue as at 30 November 2009	154,984,500

Company Information as at 30 November 2009

Sedol Code                        B0CRWN5

Sector                                Equity Investment Instruments

Launch Date                       July 2005

Financial Year End             31 August

Next Dividend Payment      April 2010

AGM                                 December    

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

14 January 2010

 

END

 

 

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