Circ re. EGM (1124N)
August 26 2011 - 6:07AM
UK Regulatory
TIDMTLI
RNS Number : 1124N
Alternative Asset Opps PCC Ltd
26 August 2011
US TRADED LIFE INTERESTS FUND
(the "Fund")
a cell of
ALTERNATIVE ASSET OPPORTUNITIES PCC LIMITED
(the"Company")
Circular relating to an extraordinary general meeting of the
Company
26 August 2011
The Company announces that it has posted a circular containing a
notice of an extraordinary general meeting of the Company ("EGM")
to shareholders of the Company (the "Circular") in connection with
the proposed change of the investment policy of the Fund and
amendment to the Company's Articles of Incorporation. The EGM is to
be held on 20 September 2011 at 9.30 a.m. at 155 Bishopsgate,
London EC2M 3AD.
The Circular sets out proposals: (i) to amend the Fund's
investment policy such that the Company will no longer hedge the
currency exposure of the Fund's assets into Sterling, and (ii) to
amend the Company's Articles of Incorporation in order to increase
the limit on the Fund's borrowings (the "Proposals"). The Proposals
are subject to Shareholder approval at the EGM.
The Company is required to settle its outstanding US Dollar
contracts on 30 March 2012. To do so, and in the absence of
significant TLI policy maturities in the next seven months, the
Company is likely to need to increase the Fund's borrowings above
the limit set out in the Company's Articles of Incorporation. The
Company is therefore seeking Shareholder approval for an amendment
to its Articles of Incorporation, in order to increase the Fund's
borrowing limit from 50 per cent. to 75 per cent. of its Net Asset
Value.
Copies of the Circular are available on the Company's website at
the following link.
www.rcm.com/investmenttrusts/investors_tlif.php
Please click on, or paste, the above link into your web browser,
to view the associated PDF document.
Copies of the Circular have also been submitted to the National
Storage Mechanism and will shortly be available for inspection at:
www.hemscott.com/nsm.do.
A draft of the Company's new Articles of Incorporation proposed
for approval at the EGM will be available for inspection at the
offices of Herbert Smith LLP, Exchange House, Primrose Street,
London EC2A 2HS during normal business hours on any Business Day
from the date of this document until the conclusion of the EGM. The
draft new Articles of Incorporation will also be available for
inspection 15 minutes prior to, and during, the EGM at 155
Bishopsgate, London EC2M 3AD.
Unless otherwise defined in this announcement, defined terms
contained herein shall have the meaning give to them in the
Circular.
Enquiries:
Peter Ingram, Company Secretary, Tel: 020 7065 1467
This information is provided by RNS
The company news service from the London Stock Exchange
END
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