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TR European Growth (TRG)

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Wednesday 16 July, 2008

TR European Growth

Clarification of Discount Pro

RNS Number : 2431Z
TR European Growth Trust PLC
16 July 2008
 



TR EUROPEAN GROWTH TRUST PLC


HENDERSON GLOBAL INVESTORS


16 JULY 2008 






TR EUROPEAN GROWTH TRUST PLC


CLARIFICATION OF DISCOUNT PROTECTION MECHANISM





In April 2005 the Company's shareholders approved the introduction of a discount protection mechanism, which included, inter alia, the definition of 'Net Asset Value per Share' to be in accordance with the Explanatory Notes to the Tables issued by the Association of Investment Companies (the 'AIC') in its Monthly Information Service publication.  


Following the AIC's amendment to the definition of net asset value in their Explanatory Notes with effect from 1 June 2008, the Board of Directors confirms that, for the purposes of its discount protection mechanism, it will continue to calculate the Net Asset Value per Share in accordance with the AIC's Explanatory Notes, ie now including current year income.  Previously, it was calculated on a capital only basis.









For further information, please call:


Stephen Peak

Fund Manager

TR European Growth Trust PLC

Telephone: 020 7818 4334

James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: 020 7818 3349


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This information is provided by RNS
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