June 2009 Final Net Asset Values

 

TIDMAIDP TIDMAIDU TIDMAIDE 
 
RNS Number : 4586W 
Aida Fund Limited 
29 July 2009 
 

The Aida Fund Limited ("Aida") 
 
 
June 2009 Final Net Asset Values 
 
 
The Net Asset Values of Aida's Shares as of 30 June 2009 are as follows: 
 
 
+------------------+------------------+------------------+------------------+ 
|                  |    US Dollar     |      Euro        |Sterling (pence)  | 
+------------------+------------------+------------------+------------------+ 
| NAV              |      1.6431      |      1.5657      |      135.54      | 
+------------------+------------------+------------------+------------------+ 
 
 
+------------------+------------------+------------------+------------------+ 
|                  |    US Dollar     |      Euro        |    Sterling      | 
+------------------+------------------+------------------+------------------+ 
| Performance      |                  |                  |                  | 
+------------------+------------------+------------------+------------------+ 
| MTD              |     (0.29)%      |     (0.29)%      |     (0.14)%      | 
+------------------+------------------+------------------+------------------+ 
| YTD              |     (0.04)%      |      1.62%       |      1.70%       | 
+------------------+------------------+------------------+------------------+ 
| Rolling 12-month |    (39.40)%      |    (40.25)%      |    (40.64)%      | 
+------------------+------------------+------------------+------------------+ 
| 5-Year           |     (9.36)%      |    (14.47)%      |     (9.64)%      | 
+------------------+------------------+------------------+------------------+ 
| 5-Year           |     (1.95)%      |     (3.08)%      |     (2.03)%      | 
| Annualised       |                  |                  |                  | 
+------------------+------------------+------------------+------------------+ 
| Since Inception  |      9.54%       |      4.38%       |     (9.64)%      | 
| (1)              |                  |                  |                  | 
+------------------+------------------+------------------+------------------+ 
 
 
(1)US$ class September 2001, Euro class June 2002 and GBP class June 2004 
 
 
These valuations, which have been prepared in good faith by Aida, are based 
principally on formal valuations supplied to Aida by the administrators of 
Aida's underlying investments. In the case where no such formal valuation has 
been received, an estimated valuation prepared by the manager or administrator 
of the underlying investments has been used. Valuations or estimates are 
unaudited 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. 
 
 
On 30 June 2009 side pockets accounted for 4.31% of the total assets of Aida 
Fund and 4.88% of invested assets. 
 
 
Investment Manager Comment 
During June 2009 the Aida Fund US$ class decreased by (0.29)%, the underlying 
portfolio before leverage and costs increased by 0.20%, the S&P 500 increased by 
0.02% and the FTSE 100 decreased by 3.82%. 
 
 
Since inception until the end of June 2009 the Aida Fund US$ class has risen by 
9.54%. Over the same period the S&P 500 has fallen (18.90)% and the FTSE 100 has 
fallen (20.50)%. 
 
 
Of the underlying funds that Aida fund invests in 7 of our funds who 
have reported have declined during June whilst 14 of the funds that have 
reported have 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 has been debt free from 17 July 2009 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 
[phone] 
[e-mail] 
 
 
 
 
 
 
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 4 March 2008 of The Aida Fund Limited 
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 
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