Portfolio Update
02 Fevereiro 2009 - 2:00PM
UK Regulatory
TIDMEET
RNS Number : 6536M
European Equity Tranche Income Ltd.
02 February 2009
European Equity Tranche Income Limited ("EETI")
Portfolio update
The Board of EETI announces that it has recently received performance data for
the fourth quarter of 2008 in relation to its Pastor second loss investments. As
a result of the continued increase in loans in arrears of 90 days or more and an
increase in loans in default in the quarter ended 31 December 2008 it is
expected that a material provision against the Pastor investments will be
required.
The Board will be reviewing the investment portfolio as a whole as fourth
quarter data in relation to its other investments becomes available and expects
to publish the net asset value of EETI as at 31 December 2008 towards the end of
February.
In addition, since the increased arrears and higher defaults are likely to have
an adverse effect on the projected cash flows from the Pastor investments this
is expected to reduce significantly EETI's cash flows in the current year.
Enquiries:
European Equity Tranche Income Limited
Robin Monro-Davies 0845 868 0533
Arbuthnot Securities Limited
Alastair Moreton 020 7012
2000
Anson Fund Managers Limited
Secretary 01481
722260
2 February 2009
E&OE - in transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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