Real Est.cred Regulatory News (RECI)

3 Jan 2008 08:39

Queen's Walk Investment Limited03 January 2008 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY ORINDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN Queen's Walk Investment Limited (the "Company") Correction to EGM date On the 8 January 2008 at 12.30 p.m., the Company will hold an extraordinarygeneral meeting for shareholders to approve its proposed tender offer. This meeting will not take place on the 18 January 2008 as previously announcedby the Company on 18 December 2007 (RNS number 2027K). For further information please contact: Investor Relations: Caroline Villiers +44 (0) 20 7153 1521 About Queen's Walk Queen's Walk Investment Limited is a Guernsey-incorporated investment companylisted on the London Stock Exchange. The Company's investment objective is topreserve capital and to provide stable returns to shareholders in the form ofquarterly dividends. To achieve this, Queen's Walk invests primarily in adiversified portfolio of subordinated tranches of asset backed securities,including the unrated "equity" or "first loss" residual income positiontypically retained by the banks or other financial institutions which haveoriginated the loan assets that collateralise a securitisation transaction. TheCompany makes such investments where its investment manager, Cheyne CapitalManagement Limited, considers the coupon or cash flows from the investment to beattractive relative to the credit exposure of the underlying asset collateral. This information is provided by RNS The company news service from the London Stock Exchange