Net Asset Value(s)
(Thomson Reuters ONE) - Middlefield Canadian Net Asset Value Middlefield Canadian Income Trusts Investment Company PCC Middlefield Canadian Income Trusts - GBP PC (a protected cell company incorporated in Jersey with registration number 93546)Net Asset ValueAs at the close of business on 05 November 2009 the Net Asset Valueper share was 68.24 pence(including accrued income.)The Net Asset Value includes the Swap at its mark-to-marketvaluation. The mark-to-market valuation of the Cross Currency MarginDifferential (which forms part of the Swap and is fixed for theduration of the Swap) was 0.47 pence as at 05 November 2009.The mark-to-market value of the Cross Currency Margin Differential("CCMD") can be either positive or negative and will vary over thelife of the Swap. The mark-to-market value of the CCMD at anyparticular time reflects the difference between (a) the market rateat that time for a cross-currency interest rate swap of 3-month £LIBOR and C$ CDOR interest rates for the remaining life of the Swapand (b) that which has been fixed for the Swap.The mark-to-market value of the CCMD will vary depending on therelevant interest rates and the £/C$ exchange rate at any givenmoment. As a result, the Swap will reflect positively or negativelythe mark-to-market value of the CCMD at that time. All else beingequal, the value of the CCMD will reduce as the Termination Date of28 June 2013 for the Swap is approached. At the Termination Datethere will be no value attributable to the CCMD.Terms set out in this announcement are the same as in the Company'sprospectus dated 19 June 2006.This Net Asset Value, which has been prepared in good faith by theCompany's Manager, is based partially on formal valuations suppliedto the Company by the administrators of the Company's underlyinginvestments.Enquiries:Kleinwort Benson (Channel Islands) Corporate Services Limited01481 727111---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 10.11.2009 - 16:20 Uhr
Sprache: Deutsch
News-ID 8175
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