Distribution

RNS Number : 5369S

Atlantis Japan Growth Fund Ld

22 November 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 31 October 2011 Redemption Pool

22 November 2011

The Board of Atlantis Japan Growth Fund Limited announce that they have approved to make an interim payment ("interim distribution") of equivalent to 75.97 pence per share (US 119.64 cents), in respect of those ordinary shares which were validly accepted for redemption at the third Redemption Point, 31 October 2011.

This payment follows the sale of approximately 99% of the investments held in the Redemption Pool. A final distribution will be declared and announced once all remaining investments have been sold.

This interim distribution is expected to be paid on or around 30 November 2011.

The amount to be applied to this interim distribution comprises the monies received from the realisation of approximately 99% of the Company's investments in the Redemption Pool, less any funds used or required to settle any liabilities (including the estimated ongoing day to day running costs of the Redemption Pool).

Given the small and mid cap nature of the underlying portfolio and the ongoing difficult market conditions, the Board is gratified by the achievement of the Investment Manager in the value realised from the Redemption Pool to date. 

Enquiries

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited

Company Secretary

Tel:       [phone]

Email:   [e-mail]

 

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