Interim Management Statement

RNS Number : 2139Y

Schroder Oriental Income Fund Ltd

17 December 2010

 



SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 30 November 2010

Investment Objective

The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.

Company Statistics as at 30 November 2010

Gross Assets	£272.86 million
Net Asset Value (NAV) per Ordinary Share Cum Income	152.48p
Share Price	155.00p
Premium	1.65%
Number of Holdings	84
Net Effective Gearing	5.22%
Cash	3.06%
Yield	3.70%

Cumulative Performance to 30 November 2010

Performance over	3 months	1 year	3 years
Share Price (Total Return)	13.8%	39.5%	44.9%
Net Asset Value (Total Return)	10.9%	30.6%	29.2%

All Performance Data Source: Fundamental Data.

Portfolio Information as at 30 November 2010

Ten Largest Holdings

Stock Name	Country	Market Value(£)	% of NAV
Fortune Real Estate Investment Trust	Singapore	14,588,701	5.46
Hang Seng Bank	Hong Kong	10,727,067	4.01
Taiwan Semiconductor Manufacturing	Taiwan	9,757,604	3.65
Ascendas Real Estate Investment Trust	Singapore	8,503,570	3.18
Glow Energy	Thailand	7,695,021	2.88
QBE Insurance Group	Australia	7,469,924	2.79
Semirara Mining	Philippines	7,435,185	2.78
Australia & New Zealand Banking Group	Australia	6,893,154	2.58
Suncorp Metway	Australia	6,560,207	2.45
Swire Pacific A	Hong Kong	6,348,583	2.38

Country Allocation    

Country                       % of NAV

Australia                       23.43

China                           6.20

Hong Kong                  18.37

Indonesia                      2.04

India                             1.12

Korea                          4.25

New Zealand                3.07

Philippines                    3.71

Singapore                     18.95

Taiwan                         13.16

Thailand                       5.70

Material Events or Transactions

During the quarter the Company issued 4,820,000 ordinary shares.

The Company announced on 24 November 2010 that the Directors of the Company had declared the payment of a second interim dividend of 3.20 pence per share for the year ended 31 August 2010 on the Ordinary Shares of the Company.

The total dividends for the year ended 31 August 2010 will be 5.80 pence per share, representing an increase of 5.5% on the total dividends of 5.50 pence per share paid last year.

Ex-Dividend Date:	1 December 2010
Record Date:	3 December 2010
Payment Date:	16 December 2010
Dividend per Share:	3.20p

There have been no other material events or transactions that have taken place between 1 September 2010 and the date of publication of this Statement.

Annual General Meeting

The Annual General Meeting of the Company was held on 17 December 2010. All resolutions set out in the Notice of Meeting were duly passed at such meeting.

Changes to Share Capital during the quarter ended 30 November 2010

	Issued Ordinary shares of 1p each
As at 31 August 2010	160,434,500
Shares issued during the period Shares bought back during the period	4,820,000 -
Shares in issue as at 30 November 2010	165,254,500

Company Information as at 30 November 2010

SEDOL Code                                    B0CRWN5

Sector                                                Equity Investment Instruments

Launch Date                                       July 2005

Financial Year End                              31 August

Next Dividend Payment                      April 2011

Annual General Meeting                     December       

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

17 December 2010

 

END

 

 

IMSGGGMAPUPUGCM