Close Enhanced Commodities Fund II Redemption Update (2065I)
June 28 2013 - 12:23PM
UK Regulatory
TIDMCED2
RNS Number : 2065I
Close Enhanced Commodities Fund II
28 June 2013
FOR IMMEDIATE RELEASE
CLOSE ENHANCED COMMODITIES FUND II LIMITED
The Board of Close Enhanced Commodities Fund II Limited (the
"Company") regret to advise that within the payment process of the
maturity proceeds on one of the five Medium Term Notes held by the
Company an element of withholding tax has been made by one of the
institutions involved in that payment process. Accordingly the
company does not yet hold the full amount of monies required to pay
redemption proceeds of GBP1.39 per share.
Your Board and the Investment Manager are making urgent
enquiries of the validity or otherwise of such a deduction in the
hope that it will be reversed and one single redemption payment can
be made to all shareholders next week. If collection of the missing
amount is not to be resolved promptly then a significant partial
payment of redemption proceeds will be organised.
The Board sincerely regrets the inconvenience caused by this
unfortunate event arising so late in the life of
the Company. A further announcement will be made on or before Tuesday afternoon 2 July 2013.
For further information contact:
Close Brothers Asset Management
Investment Manager
Tel: 02074 264060
Anson Fund Managers Limited
Secretary
Tel: 01481 722260
Anson Registrars Limited
Registrar and Paying Agent
Tel: 01481 711301
28 June 2013
END OF ANNOUNCEMENT
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