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World Trust Fund (WTR)

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Monday 23 May, 2011

World Trust Fund

Proposed bonus issue of warrants

Proposed bonus issue of warrants

World Trust Fund

The World Trust Fund

Proposed bonus issue of warrants

The Board of The World Trust Fund (the "Company") announces proposals for a bonus issue of warrants to shareholders pro rata on a one for five basis.

The Board believes that a bonus issue of warrants will be beneficial to existing shareholders since it will provide them with an instrument which may be traded on-market and gives them the opportunity to participate in any future net asset growth of the Company through subscribing for ordinary shares. In addition, warrants converted into ordinary shares will increase the capital base of the Company, allowing operating costs to be spread across a larger number of ordinary shares and the total expense ratio to fall. It is also hoped that increasing the number of ordinary shares in issue will improve the future liquidity of the Company’s ordinary shares.

It is expected that details of the proposals will be despatched to shareholders prior to the Company’s Annual General Meeting in August and a further announcement made in due course.

Listing Category: Premium - Equity Closed-ended Investment Fund

Enquiries:

Westhouse Securities Limited

Alastair Moreton

+ 44 (0)20 7601 6118

 
State Street Bank Luxembourg
Isabelle Charlier
+ 352 46 40 10 7068