Reduction in Gearing

RNS Number : 0876K

Monks Investment Trust PLC

08 July 2011

 



THE MONKS INVESTMENT TRUST PLC

REDUCTION IN GEARING

On 6 July FTSE 100, S&P500 and Euro Stoxx 50 index futures were sold to help protect assets against any significant fall in market values.  On the same day out-of-the-money call options on these indices were purchased with expiry dates in 2012.  The sales of futures augment existing such positions and the out-of-the-money call options provide an element of cover should markets rise significantly.  Together these transactions, combined with existing positions, take effective gearing to equities from 108% of shareholders' funds to 92% of shareholders' funds.

On behalf of the Board,

Baillie Gifford & Co

Company Secretaries

8 July 2011

For further information please contact:

Robert O'Riordan          Baillie Gifford & Co                              07730 412 007

 

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