RNS Number : 6048F
  Close Enhanced Commodities Fund Ld
  10 October 2008
   

    FOR IMMEDIATE RELEASE

    10 October 2008

    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  8 October 2008 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 241 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 
                                     8 October
                                       2008
 Oil                         $51.15     $88.95
 Gold                       $432.85    $903.50
 Aluminium                $1,972.00  $2,272.00
 Copper                   $3,367.00  $5,505.00
 Zinc                     $1,383.00  $1,508.00
 Commodity Portfolio =      100.00%    170.63%


    *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
    Secretary

    Tel: 01481 722260

    E&OE - in transmission








This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
STRMMBJTMMIBBTP
Close Enhanced (LSE:CED)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Close Enhanced Charts.
Close Enhanced (LSE:CED)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Close Enhanced Charts.