Distribution from the Redemption Pool

RNS Number : 8803H

Atlantis Japan Growth Fund Ld

06 June 2011

 



ATLANTIS JAPAN GROWTH FUND LIMITED ("AJGF" or the "Company")

(A closed-ended investment company incorporated in Guernsey with registration number 30709)

Distribution from the Redemption Pool

6 June 2011

The Board of Atlantis Japan Growth Fund Limited announce that it has approved a second and final payment ("final distribution") equivalent to 11.76 pence per share (US cents 19.60 cents), in respect of those ordinary shares which were validly accepted for redemption at the first Redemption Point, 28 February 2011.

This payment follows the sale of all the remaining investments held in the Redemption Pool.

This final distribution is expected to be paid on or around 15 June 2011.

The amount to be applied to the final distribution comprises the monies received from the realisation of all the Company's investments in the Redemption Pool, less any funds used or required to settle any liabilities (including the running costs of the Redemption Pool since 28 February 2011).

Including the first distribution of 72.86 pence per share (US cents 117.57) made on 31 March 2011, the Company will have returned to redeeming shareholders a total of approximately 84.62 pence per share (US cents 137.17) from the Redemption Pool.

Given the small cap nature of the underlying portfolio and the unfortunate events in Japan following the recent earthquake, the Board is gratified by the achievement of the Investment Manager in the value realised from the Redemption Pool. 

Enquiries

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited

Company Secretary

Tel:       [phone]

Email:   [e-mail]

 

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