Interim Management Statement

RNS Number : 5620V

Schroder Oriental Income Fund Ltd

13 January 2012

 



SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 30 November 2011

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 2011

Gross Assets	£268.33 million
Net Asset Value (NAV) per Ordinary Share Cum Income	146.86p
Share Price	149.00p
Premium	1.46%
Number of Holdings	71
Net Effective Gearing	3.00%
Yield	4.26%

Cumulative Performance to 30 November 2011

Performance over	3 months	1 year	3 years
Share Price (Total Return)	(2.0)%	(0.2)%	169.1%
Net Asset Value (Total Return)	(5.4)%	(0.9)%	135.0%

All Performance Data Source: Morningstar.

Portfolio Information as at 30 November 2011

Ten Largest Holdings

Stock Name	Country	Market Value(£)	% of NAV
Fortune Real Estate Investment Trust	Singapore	11,875,906	4.62
Australia & New Zealand Banking Group	Australia	10,011,266	3.89
Swire Pacific A	Hong Kong	8,309,024	3.23
Ascendas Real Estate Investment Trust	Singapore	7,841,520	3.05
Fletcher Building	New Zealand	7,231,783	2.81
Taiwan Semiconductor Manufacturing	Taiwan	7,139,673	2.78
Glow Energy	Thailand	6,952,804	2.70
Crown	Australia	6,378,172	2.48
Chorus	New Zealand	6,376,379	2.48
Venture	Singapore	6,046,622	2.35

Country Allocation

Country                       % of Portfolio

Australia                       22.35

Singapore                     18.93

Hong Kong                  16.60

Taiwan                         10.29

Thailand                         8.38

New Zealand                  7.48

Korea                            3.72

China                             3.59

Indonesia                        2.80

Philippines                      1.86

India                               0.64

Material Events or Transactions

During the quarter the Company issued 2,290,000 shares, with further issuances since the quarter end of 225,000 shares. There are currently 168,794,500 shares in issue.

The second interim dividend for the year ended 31 August 2011 of 3.70 pence per share was paid to shareholders on 30 December 2011.

There have been no other material events or transactions that have taken place between 1 September 2011 and the date of publication of this Statement.

Annual General Meeting

The Annual General Meeting of the Company was held on 30 December 2011. All resolutions set out in the Notice of Meeting were duly passed.

Changes to Share Capital during the quarter ended 30 November 2011

	Issued Ordinary shares of 1p each
As at 1 September 2011	166,279,500
Shares issued during the period Shares bought back during the period	2,290,000 -
Shares in issue as at 30 November 2011	168,569,500

Company Information as at 30 November 2011

Sedol Code                                          B0CRWN5

Sector                                                  Equity Investment Instruments

Launch Date                                         July 2005

Financial Year End                               31 August

AGM                                                   December       

Enquiries:

Jonathan McGuire

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

13 January 2012

 

END

 

 

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