Inv Obj & Perf Update
May 24 2007 - 7:23AM
UK Regulatory
RNS Number:1709X
Close Enhanced Commodities Fund Ld
24 May 2007
FOR IMMEDIATE RELEASE
24 May 2007
Close Enhanced Commodities Fund Limited (the "Company")
The investment objective of the Company is to provide to shareholders, on the
Redemption Date in February 2010, a capital amount of 100 pence per Share and a
growth amount equal to two times any percentage increase in the End Value* of
the Commodity Portfolio relative to its Start Value.
The Commodity Portfolio is a notional portfolio of commodities comprising by
value on the Start Date, being 22 February 2005, one-third crude oil, one-third
gold and one-third industrial metals (equally weighted between aluminium, copper
and zinc).
Based on the values of the commodities as at 23 May 2007 and assuming these
values were to remain unchanged through to the end of the life of the Company,
the final capital entitlement per Share on the Redemption Date would be 225
pence. This is not a forecast nor is it a reflection of the net asset value per
Share and takes no account of any unforeseen circumstances and is provided for
informational purposes only and should not be relied upon for investment
decisions.
Commodity Start Value As at
23 May 2007
Oil $51.15 $65.77
Gold $432.85 $662.05
Aluminium $1972.00 $2797.00
Copper $3367.00 $7215.50
Zinc $1383.00 $3675.00
Commodity Portfolio = 100.00% 162.94%
*The End Value will be the average value of the Commodity Portfolio over the one
year period ending on 22 February 2010.
For further information contact:
Anson Fund Managers Limited
Company Secretary
Tel: 01481 722260
E&OE - in transmission
This information is provided by RNS
The company news service from the London Stock Exchange
END
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