Predator Oil Regulatory News (PRD)

22 Aug 2006 14:59

Prodesse Investment Limited22 August 2006 22 August 2006 PRODESSE INVESTMENT LIMITED Sterling Conversion Rate for Q2 2006 Dividend The Company previously declared a dividend for the quarter ended 30 June 2006 ofUS$0.10 per share payable on 31 August 2006 to holders on the register on 18August 2006. For those shareholders who have elected to receive their dividendin Sterling, the dividend will be 5.26 pence per share based upon an exchangerate of 1.8994. About Prodesse Investment Limited Prodesse is a limited liability Guernsey-incorporated closed-end investmentcompany, the investments of which are managed by Fixed Income Discount AdvisoryCompany. The company's investment policy is to provide net income fordistribution from the spread between the interest income earned from a portfolioof residential mortgage-backed securities and the cost of repurchase agreementsentered into to finance the acquisition of such residential mortgage-backedsecurities. Enquiries:RBSI Fund Services (Guernsey) Limited:Sara Radford / Paul Smith 01481 743000 This information is provided by RNS The company news service from the London Stock Exchange