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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aida FD Eur | LSE:AIDE | London | Ordinary Share | GG00B1KBGP61 | EURO ORD SHS USD0.025 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.165 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAIDP TIDMAIDU TIDMAIDE RNS Number : 8547V Aida Fund Limited 17 July 2009 The Aida Fund Limited ("Aida") June Estimated Net Asset Values The estimated Net Asset Values of Aida's Shares as of 30 June 2009 are as follows: +------------------+------------------+------------------+------------------+ | | US Dollar | Euro |Sterling (pence) | +------------------+------------------+------------------+------------------+ | NAV | 1.6414 | 1.5641 | 135.47 | +------------------+------------------+------------------+------------------+ +------------------+------------------+------------------+------------------+ | | US Dollar | Euro | Sterling | +------------------+------------------+------------------+------------------+ | Performance | | | | +------------------+------------------+------------------+------------------+ | MTD | (0.39)% | (0.39)% | (0.19)% | +------------------+------------------+------------------+------------------+ | YTD | (0.14)% | 1.51% | 1.65% | +------------------+------------------+------------------+------------------+ | 5-Year | (9.46)% | (14.56)% | (9.69)% (1) | +------------------+------------------+------------------+------------------+ (1) since inception in July 2004 These valuations, which have been prepared in good faith by Aida, are based principally on estimated valuations prepared generally by the investment manager of Aida's underlying investments. Such estimates may be subject to little verification or other due diligence, are un-audited and may not comply with generally accepted accounting or valuation principles. Other risk factors which may be relevant to this valuation are set out in Aida's prospectus dated 4th March 2008. Estimates were not provided by the underlying funds for the value of a number of the side pockets held by the fund. Side pockets at the end of June are estimated to be 4.66% of the total assets of the fund (5.25% of the invested assets). Investment Manager Comment During June 2009 the Aida Fund US$ class decreased by (0.39)%, the underlying portfolio before leverage and expenses increased by an estimated 0.11%, the S&P 500 increased by 0.02% and the FTSE 100 decreased by (3.82)%. Since inception in September 2001 until the end of June 2009 the Aida Fund US$ class has risen by 9.42%. Over the same period the S&P 500 has fallen (20.50)% and the FTSE 100 has fallen (18.90)%. Of the underlying funds that Aida invests in 7 of the funds who have reported declined whilst 14 of the funds who have reported increased. On the 24th October 2008 the Aida Fund announced a change in its investment strategy whereby it will reduce or completely eliminate leverage at the Aida fund level. On 17th December 2008 shareholders approved the new strategy at an EGM. As at the 30 June 2009 the Fund ceased to employ leverage for investment purposes. The fund is now debt free and has a net cash position. The Aida Fund announced proposals to restructure the fund on the 25th June 2009 and anticipates that documents will be posted to shareholders in the next few weeks. Aida Capital, the investment manager, remains available at all times to discuss the fund and markets in general. Aida Capital +44 20 7600 7500 Disclaimer This announcement does not constitute an offer to sell, exchange or transfer any securities of The Aida Fund Limited and is not soliciting an offer to purchase, exchange or transfer such securities in any jurisdiction where the offer, sale, exchange or transfer is not permitted or to any person or entity to whom it is unlawful to make that offer, sale, exchange or transfer. The registration document published on 4th March 2008 contains further details of the selling restrictions in such jurisdictions. This announcement is not an offer of securities for sale in the United States. The shares referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, US Persons (as defined in Regulation S under the Securities Act) except in accordance with the Securities Act or an exemption therefrom. This information is provided by RNS The company news service from the London Stock Exchange END NAVGUUAWMUPBURM
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