Distribution from the Redemption Pool
ATLANTIS JAPAN GROWTH FUND LIMITED ("AJGF" or the "Company")
(A closed-ended investment company incorporated in Guernsey with registration number 30709)
The headline for the Company announcement released on 18 March 2011 at 16:45 under RNS No 2594D16 should read Distribution from the Redemption Pool.
The announcement text is unchanged and is reproduced in full below.
Distribution from the Redemption Pool
21 March 2011
The Board of Atlantis Japan Growth Fund Limited announce that they have approved to make an interim payment ("distribution") of equivalent to approximately 72.86 pence per share, in respect of those ordinary shares which were validly accepted for redemption at the first Redemption Point, 28 February 2011.
This payment has been funded by the sale of approximately 85.05 per cent (by market value on 28 February 2011) of the investments held in the Redemption Pool. 99.44 per cent. of the payment reflects sales made before the earthquake hit Northern Japan.
This distribution is expected to be paid on or around 31 March 2011.
The amount to be applied to the distribution comprises the monies from the realisation of the Company's investments received up to and including 16 March 2011 pursuant to the investment policy as set out in the circular sent to shareholders on 30 November 2010, less any funds used or required to settle any liabilities (including the estimated ongoing day to day running costs of the Redemption Pool).
After consulting with the manager, the Board has decided to suspend further investment sales in the Redemption Pool until market conditions in Japan return to a more normal state.
Enquiries
Andrew Maiden
Northern Trust International Fund Administration Services (Guernsey) Limited
Company Secretary
Tel: +44 (0) 1481 745368
Email: ARM7@ntrs.com
This information is provided by RNS