Conversion rate for dividend

23 May 2006 16:47

Prodesse Investment Limited23 May 2006 23 May 2006 Prodesse Investment Limited Sterling Conversion Rate for Q1 2006 Dividend The Company previously declared a dividend for the quarter ended 31 March 2006of US$0.12 per share payable on 31 May 2006 to holders on the register on 19 May2006. For those shareholders who have elected to receive their dividend inSterling, the dividend will be 6.33 pence per share based upon an exchange rateof 1.8937. 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. This information is provided by RNS The company news service from the London Stock Exchange