Interim Management Statement

RNS Number : 5641M

Schroder Oriental Income Fund Ltd

30 January 2009

 

SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 30 November 2008

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 2008

Gross Assets	£120.54 million
Net Asset Value per ordinary share	67.20p
Share price	62.00p
Premium/Discount	(6.99)%
Number of holdings	81
Net Effective Gearing	4.84%
Yield	8.75%

Cumulative Performance to 30 November 2008

Performance over	3 m	6 m	1yr
Share Price (Total Return)	(36.0)	(46.1)	(46.2)
Net Asset Value (Total Return)	(36.5)	(44.2)	(45.5)

All Performance Data Source: Fundamental Data. 

Portfolio Information as at 30 November 2008

Ten Largest Holdings 

Stock Name	Country	Percentage of NAV (%)
Philippine Long Distance Telecom	Philippines	4.57
Taiwan Mobile Co Ltd	Taiwan	4.02
Far EasTone Telecommunications	Taiwan	3.67
Chunghwa Telecom	Taiwan	3.64
BOC Hong Kong Holdings	Hong Kong	3.54
Taiwan Semicon Manufacturing	Taiwan	3.18
Ascendas Real Estate Investment Trust	Singapore	3.07
MobileOne Ltd	Singapore	2.89
Siliconware Precision	Taiwan	2.44
Swire Pacific A	Hong Kong	2.42

Country Allocation
Country	Percentage of NAV (%)
Australia	17.71
Canada	2.27
China	3.41
Hong Kong	23.91
Indonesia	2.84
Japan	0.07
Korea	1.27
Malaysia	0.51
New Zealand	2.17
Philippines	6.82
Singapore	15.04
Taiwan	17.38
Thailand	3.35
USA	5.58

Material Events or Transactions

Share Buy-Back

The Company announced on 5 September 2008 that it had purchased 268,000 shares for cancellation; on 26 September 2008, it announced that it had purchased 235,000 shares for cancellation; and on 3 October 2008, it announced that it had purchased 218,000 shares for cancellation.  Following these purchases, there are a further 154,518,000 shares in issue.

There have been no other material events or transactions that have taken place between 1 September 2008 and the date of publication of this Statement. 

Annual General Meeting

The Annual General Meeting of the Company was held on 9 December 2008. All resolutions set out in the Notice of Meeting were duly passed.

Changes to Share Capital during the quarter ended 30 November 2008

	Issued Ordinary shares of 1p each
As at 31 August 2008	155,239,000
Shares issued during the period Shares bought back and cancelled during the period	Nil 721,000
Shares remaining in issue as at 30 November 2008	154,518,000

Company Information as at 30 November 2008
Sedol Code	B0CRWN5
Sector	Equity Investment Instruments
Launch Date	July 2005
Financial Year End	31 August
Next Dividend Payment	April 2009
Last Ex Div Date	5 December 2008
AGM	December

30 January 2009

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

 

END

 

 

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