EGM Statement

19 Jun 2006 15:24

Allianz Dresdner Income Gwth IT PLC19 June 2006 Allianz Dresdner Income Growth Investment Trust plc 19 June 2006 Extraordinary General Meeting The Board of Directors of Allianz Dresdner Income Growth Investment Trust plc(the "Company") announces that at an extraordinary general meeting of theCompany and at class meetings of the ordinary shareholders and zero dividendpreference shareholders held today, the resolutions relating to the scheme ofreconstruction (the "Scheme") announced on 18 May 2006 were approved byshareholders. Implementation of the Scheme is conditional inter alia uponapproval by the Company's shareholders of the resolutions to be proposed at thesecond extraordinary general meeting to be held on 29 June 2006 (the "second EGM"). Results of Elections Valid elections or deemed elections under the scheme of reconstruction werereceived as follows: Ordinary Shares - Holders of 5,529,688 Ordinary Shares in the Company elected to receive shares in The Merchants Trust PLC; and - Holders of 27,612,834 Ordinary Shares elected (or were deemed to have elected) to receive cash. ZDP Shares - Holders of 2,141,338 ZDP Shares in the Company elected to receive shares in The Merchants Trust PLC; - Holders of 1,566,046 ZDP Shares in the Company ("Shares) elected to receive shares in The Allianz PIMCO Sterling Total Return Fund; and - Holders of 20,292,373 ZDP Shares elected (or were deemed to have elected) to receive cash. Entitlements Shareholders' entitlements pursuant to the Scheme will be announced by theCompany in due course following the second EGM. Assuming that the Scheme isapproved it is expected that new shares in The Merchants Trust PLC will commencedealing at 8.00 a.m. on 30 June 2006 and shares in The Allianz PIMCO SterlingTotal Return Fund will be issued to the relevant shareholders on or as soon aspracticable after 30 June 2006. Cheques will be posted or CHAPS payments will bemade in respect of cash distributions to the relevant shareholders on or as soonas practicable after 30 June 2006. Second Extraordinary General Meeting The second EGM will be held at 9.30 a.m. on 29 June 2006. At this meeting aspecial resolution will be proposed for the winding-up of the Company and theappointment of liquidators, and an extraordinary resolution will also beproposed to confer appropriate powers on the liquidators. Enquiries Simon White 020 7065 1539RCM (UK) Ltd David Benda/Kathryn Standley 020 7621 5557Winterflood Investment Trusts This information is provided by RNS The company news service from the London Stock Exchange