Close Enhanced Commodities Fund II Interim redemption payment (4477I)
July 02 2013 - 11:52AM
UK Regulatory
TIDMCED2
RNS Number : 4477I
Close Enhanced Commodities Fund II
02 July 2013
FOR IMMEDIATE RELEASE
CLOSE ENHANCED COMMODITIES FUND II LIMITED (the "Company")
Further to the Company's announcement to Shareholders released
on 28 June 2013, the Board regrets to advise that the validity of
the withholding tax deducted from the maturity proceeds of one of
the five Medium Term Notes held by the Company has not yet been
resolved. Accordingly the Company still does not hold the full
amount of monies required to pay redemption proceeds of GBP1.39 per
share.
Your Board and the Investment Manager has resolved to distribute
an interim redemption payment to shareholders of GBP1.378 per
share, such amount representing the total proceeds received to-date
by the issuers of the five Medium Term Notes held by the
Company.
The interim redemption payment is expected to be paid to
shareholders within 5 business days.
The interim redemption payment is to be made by cheque, made
payable to the relevant holder, or in the case of joint holders to
such relevant joint holders. Such payments are sent at the risk of
the holder(s) to the address of the holder, or first named joint
holder, as it appears on the Company's Register of Members or by
such alternative method as previously communicated to the Company's
Registrar.
The Board sincerely regrets the inconvenience caused by this
unfortunate event arising so late in the life of the Company. A
second redemption payment will be made once the withholding tax
issue has been satisfactorily resolved.
A further announcement will be provided once more information is
available.
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
2 July 2013
END OF ANNOUNCEMENT
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