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FRM Diversified Alph (DIVA)


Thursday 12 March, 2009

FRM Diversified Alph

Statement re liquidity profil

RNS Number : 7818O
FRM Diversified Alpha Limited
12 March 2009

FRM Diversified Alpha Limited (the 'Company')

12 March 2009

Further to the announcement made on 24 December 2008 which confirmed the intention to bring forward a continuation vote in June 2009the board of directors of the Company (the 'Board') has decided to release details of the current liquidity profile of the Company's portfolio of assets.

Based on a liquidity analysis prepared by the Investment Manager, from information available at today's date, the Board believe that the Company's assets could be realised from 30 June 2009 on the following basis:

0 - 3 Months

3 - 12 Months

12-24 Months

24 Months +

39 %

27 %

13 %

21 %

The above percentages refer to the dealing dates for the redemptions if placed at 30 June 2009. It would generally be expected that cash would be available from such redemptions on average within 60 days of the relevant dealing date. 

The Board has instructed the Investment Manager to improve the liquidity profile prior to the continuation vote where possible without constraining the investment proposition.

The Board is also continuing to explore other options for enhancing shareholder value and possible alternatives to liquidation.



Mark Shaw                           020 7968 6141

Luke Burdess                        020 7968 6208

JPMorgan Cazenove              020 7588 2828

This information is provided by RNS
The company news service from the London Stock Exchange

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