Investment progress update

19 Mar 2007 09:00

T2 Income Fund Limited19 March 2007 Press Release Source: T2 Income Fund Limited. T2 Income Fund Limited Update GUERNSEY - 19 March 2007 - T2 Income Fund Limited (AIM: T2I) announced today anupdate on its investment progress. Since January 1, 2007, the Company hasinvested in 10 companies representing approximately £24 million of investedcapital. As of this date, the Company has invested approximately £77 million in23 individual transactions, representing all of the initial proceeds of theCompany's equity offering (approximately £37 million) as well as approximately£40 million of additional capital from the Company's previously announcedleverage facility, for which T2 pays LIBOR + 50 bps. The current weightedaverage spread on T2's portfolio is approximately LIBOR + 470. On February 23, 2007, the Company made a dividend payment of 2.0 pence perordinary share in respect of the 3 month period to 31 December 2006. About T2 Income Fund Limited We are a closed-ended Guernsey based exempt investment company which investsprimarily in the debt and equity securities of small to medium sized companies,with a focus on technology-related companies. Companies interested in learningmore about financing opportunities should contact Barry Osherow at +1 203661-9572 Forward-Looking Statements This press release contains forward-looking statements subject to the inherentuncertainties in predicting future results and conditions. Any statements thatare not statements of historical fact (including statements containing the words"believes," "plans," "anticipates," "expects," "estimates" and similarexpressions) should also be considered to be forward-looking statements. Certainfactors could cause actual results and conditions to differ materially fromthose projected in these forward-looking statements. We undertake no obligationto update such statements to reflect subsequent events. Contact: Contact: Patrick Conroy +1 203 983-5282 ------------------------- Source: T2 Income Fund Limited This information is provided by RNS The company news service from the London Stock Exchange