Predator Oil Regulatory News (PRD)

28 Feb 2007 17:21

Prodesse Investment Limited28 February 2007 28 February 2007 PRODESSE INVESTMENT LIMITED Sterling Conversion Rate for Q4 2006 Dividend The Company previously declared a dividend for the quarter ended 31 December2006 of US$0.13 per share payable on 8 March 2007 to holders on the register on23 February 2007. For those shareholders who have elected to receive theirdividend in Sterling, the dividend will be 6.609 pence per share based upon anexchange rate of 1.967. 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 / Jeff Lanyon 01481 743000 This information is provided by RNS The company news service from the London Stock Exchange