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18 Jun 2010 15:38
18 June 2010
FRM Credit Alpha Limited (the 'Company')
Company Update
The Board of the Company wishes to announce that, following consultation with the Company's largest shareholders, the Board will not be exercising its discretion to offer an annual redemption facility in 2010.
The redemption facility will not be offered in order that the profile of the Company's investment portfolio can be maintained and that there are sufficient resources available to continue the Company's foreign exchange hedging programme.
The Board intends that shareholders will have an opportunity to vote on the Company's continuation at the 2010 annual general meeting expected to be held in November this year. This continuation vote is in addition to the continuation vote that will be put to shareholders at the Company's annual general meeting in 2011. The record date for voting on the Company's continuation at the 2010 annual general meeting will be at the close of business on 23 June 2010.
Enquiries:
Chris Brierley/Luke Burdess
Financial Risk Management Limited
020 7968 6136/ 7968 6208
Jane Lewis
Winterflood Investment Trusts
020 3100 0295
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