Distribution Notice

RNS Number : 3621A

FRM Credit Alpha Limited

31 July 2008

 



31 July 2008

FRM Credit Alpha Limited 

Distribution Facility

As set out in the Circular published on 7 July 2008, the Company intends to make its first annual distribution on or around 29 August 2008. The 2008 Distribution Facility is available to electing Shareholders on the Company's Register as at 29 July 2008.

The Distribution Facility will be effected by way of a redemption of Shares at not less than the Company's Net Asset Value as at 30 June 2008 of 119.9 pence per Share (less any associated costs). Participating Shareholders will have a number of shares redeemed from their holding equivalent to the distribution rate determined by the Directors of 3.5 per cent.

The Distribution Date for the 2008 distribution is expected to be on or around 29 August 2008 and CREST accounts and the proceeds of the distribution (less any associated costs) will be paid to participating Shareholders through CREST or by cheque within 10 Business Days of the Distribution Date

By way of illustration, an electing Shareholder with 1000 Shares participating in the 2008 annual distribution would have redeemed 35 shares at 119.9 pence per share. 

Electing Shareholders participating in the 2008 Distribution Facility should ensure that they submit a Transfer to Escrow Message to the Receiving Agent by no later than 1 pm on 22 August 2008.  

The defined terms used in this announcement have the meanings set out in the Company's Circular dated 7 July 2008.  A further announcement will be made should any change be made to the distribution date.

Enquiries:

Tina Hugo/Luke Burdess, Financial Risk Management         020 7968 6000 

Roland Cross/Sally Moore, Broadgate                                 020 7776 0508

Jane Lewis/James Moseley, Winterflood Securities              020 3100 0295

 

END

 

 

MSCEADXFDSSPEFE