27 Aug 2008 08:39
COMPANY ANNOUNCEMENT
| For Immediate Release 1784441 | 27 August 2008 |
FRM Credit Alpha Fund Limited
(the "Company")
Re: Restatement of Net Asset Value per Share
The Board of FRM Credit Alpha Limited (the "Company") announces that the net asset values per share (the "NAVs") that were published as of 31 May 2008 and 30 June 2008 were incorrect due to an accounting error in the application of foreign exchange rates used in calculating the NAVs. The NAVs in question are, therefore, being restated to correct these errors. The published NAVs and the restated NAVs are set out below.
31 May 2008 30 June 2008
Published NAV 116.4 pence per share 119.9 pence per share
Restated NAV 116.7 pence per share 119.1 pence per share
| Enquiries: | |
| Financial Risk Management | Greg Taylor/Luke Burdess Phone: + 44 20 7968 6000 |
| McCann FitzGerald Listing Services Limited | Tony Spratt Phone: +353 1 607 1367 |
These valuations, which have been prepared in good faith by the Company's Administrator, are based principally on formal valuations supplied to the Company by the administrators of the Company's underlying investments. Such valuations or estimates are unaudited and may not comply with generally accepted accounting or valuation principles.
FCAP.L (FCAP)