Monthly Shareholder Fact Sheet
(Thomson Reuters ONE) - CQS Rig Finance Fund Limited: Monthly Shareholder Fact Sheet CQS RIG FINANCE FUND LIMITED Monthly Shareholder Fact SheetCQS Rig Finance Fund Limited (the "Company") a closed-endedinvestment company incorporated in Guernsey, is pleased to announcethat its Monthly Fact Sheet for July 2009 is now available on theCompany's website and includes information on the top ten investmentsand outstanding borrowings:www.cqsrigfinance.com In July WTI crude oil for September delivery had a volatile monthstarting and ending the month around US$70, having traded as low asUS$60 mid-month. In the high yield credit markets, bonds continued torally after the pause in June. By way of example, the Merrill LynchEuropean High Yield Index reported an 8.3% return for the month. Inthe wider markets, risk assets across-the-board moved higher, partlyin response to the Q2 reporting season which is well underway. Themajority of S&P 500 companies have reported and beaten analysts'estimates, however, market commentators have noted that this islargely due to cost cutting measures rather than actual top linegrowth.In the rig markets, Arctic Securities reported a modest upturn inorders for companies in the sub-sea services sector, which supportsoffshore drilling activity. In the Ultra Deep Water ("UDW") sector,Petrobras Brasileiro SA awarded Transocean Limited a three-to-fiveyear commitment for a semi-submersible rig offshore Brazil at aday-rate of US$490-510,000 again demonstrating the resilience of UDWcontracts.In July, the Company's portfolio recorded gains across severalpositions. The largest positive impact came from positions in SkeieDrilling and Production which agreed a financial restructuring planduring the month with its main stakeholders. As part of therestructuring, bondholders were awarded equity shares in the company.Further details of the plan are available on the Company's website.All market data in this report is sourced from Bloomberg and Pareto.For further information, please contact:Lynette Le PrevostSecretaryKleinwort Benson (Channel Islands) Fund Services Limited01481 727111Alastair MoretonDirector, Corporate FinanceArbuthnot Securities020 7012 2000---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.08.2009 - 16:39 Uhr
Sprache: Deutsch
News-ID 4960
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