Interim Management Statement

RNS Number : 7811V

Schroder Oriental Income Fund Ltd

17 January 2013

 



SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the quarter ended 30 November 2012

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.

Second Interim Dividend for the year ended 31 August 2012

The Board has declared a second interim dividend of 4.10p per share for the year ended 31 August 2012, which was paid on 7 December 2012 to shareholders on the register on 23 November 2012.

Annual General Meeting

The Annual General Meeting of the Company was held on 10 December 2012. All resolutions set out in the Notice of Meeting were duly passed.

Company Statistics as at 30 November 2012

Gross Assets	£349.8 million
Net Asset Value (NAV) per Ordinary Share	177.10p
Share Price	178.50p
Premium	0.79%
Number of Holdings	76
Gearing	3.8%
Yield	3.8%

Cumulative Performance to 30 November 2012

Performance over	3 months	1 year	3years
Share Price (Total Return)	11.4%	27.9%	78.1%
Net Asset Value (Total Return)	11.5%	32.7%	71.8%

All Performance Data Source: Morningstar.

Portfolio Information as at 30 November 2012

Ten Largest Holdings

Stock Name	Country	Market Value  (£)	Percentage of NAV
Fortune Real Estate Investment Trust	Singapore	20,629,818	6.6
Taiwan Semiconductor Manufacturing	Taiwan	17,557,041	5.6
Westpac Banking	Australia	9,137,257	2.9
Glow Energy	Thailand	8,928,964	2.9
Swire Pacific	Hong Kong	8,662,901	2.8
Hopewell	Hong Kong	8,377,057	2.7
Venture	Singapore	8,254,854	2.6
Australia and New Zealand Banking	Australia	8,178,807	2.6
Fletcher Building	New Zealand	7,712,212	2.5
Samsung Electronics	South Korea	7,640,691	2.4

Country Allocation

Country	Percentage of NAV
Australia	23.8
Hong Kong	21.8
Singapore	19.3
Taiwan	11.9
South Korea	8.6
Thailand	7.9
New Zealand	4.6
China	3.5
Japan	3.0
Indonesia	2.4
Malaysia	0.5
Canada	0.2
Net current liabilities	(7.5)

Changes to Share Capital during the quarter ended 30 November 2012

	Issued Ordinary shares of 1p each
As at 1 September 2012	175,764,500
Shares issued during the period Shares bought back during the period	2,950,000 Nil
Shares in issue as at 30 November 2012	178,714,500

Following the period end, a further 2,900,000 Ordinary shares of 1p each have been issued.

Material Events or Transactions

There have been no other material events or transactions that have taken place between 1 September 2012 and the date of publication of this Statement.

Company Information as at 30 November 2012

SEDOL Code                                      B0CRWN5

Sector                                                 Equity Investment Instruments

Launch Date                                       July 2005

Financial Year End                             31 August

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

17 January 2013

 

END

 

 

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