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Queens Walk Inv Ltd (RECI)

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Thursday 02 November, 2006

Queens Walk Inv Ltd

Correction to Record Date

Queen's Walk Investment Limited
02 November 2006


2 November 2006

Correction to Record Date

This announcement replaces the previous RNS announcement released on 26 October,
which incorrectly recorded the interim quarterly dividend record date as 15
December 2006, rather than 24 November 2006.


The revised announcement is set out below:

26 October 2006

Notice of Quarterly Results and Announcement of Interim Dividend

Queen's Walk announces that it will release the results for the quarter ended 30
September 2006 and the interim quarterly dividend for the period ended 30
September 2006 on 13 November 2006.

The Company's target dividend for the quarter ended 30 September 2006 is not
less than €0.26 per share. The dividend will be payable on 18 December 2006 to
shareholders of record on 24 November 2006.

The Company continues to evaluate and undertake primary target investments and
the Company's investment manager, Cheyne Capital Management Limited, believes
that the pipeline of investment opportunities for the Company remains robust.
The Company retains sufficient capital and financing flexibility to meet its
investment objective and policies in the medium term.

For further information please contact:

Investor Relations:
Caroline Villiers +44 (0) 20 7153 1521

Cheyne Capital:
Andrea Bonafe +44 (0) 20 7031 7480


About the Company:

Queen's Walk Investment Limited is a Guernsey-incorporated investment company
listed on the London Stock Exchange. The Company's investment objective is to
preserve capital and to provide stable returns to shareholders in the form of
quarterly dividends. To achieve this, Queen's Walk invests primarily in a
diversified portfolio of subordinated tranches of asset backed securities,
including the unrated 'equity' or 'first loss' residual income position
typically retained by the banks or other financial institutions which have
originated the loan assets that collateralise a securitisation transaction. The
Company makes such investments where its investment manager, Cheyne Capital
Management Limited, considers the coupon or cashflows from the investment to be
attractive relative to the credit exposure of the underlying asset collateral.
The Company believes that its investment focus provides equity investors with
exposure to a relatively new investment opportunity in this asset class.









                      This information is provided by RNS
            The company news service from the London Stock Exchange