TIDMCIF TIDMCIFU TIDMTTM
RNS Number : 0412S
Carador Income Fund PLC
14 November 2011
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.
Carador Income Fund plc
In response to demand from investors and in light of the
continued attractive investment environment in the collateralised
loan market ("CLO"), the board of Carador Income Fund plc (the
"Company") announces that it is considering raising additional
capital through a further issue of shares which may be by way of an
issue of C shares.
The proceeds of the issue of C shares which was undertaken in
August 2011 were fully invested by 30 September 2011 and the C
shares converted into US Dollar shares on 31 October 2011.
GSO Capital Partners International LLP, the Company's Investment
Manager, believes that the current environment provides good
investment opportunities and the fundamental attractions and
outlook for CLOs and senior secured bank loans have not
changed.
Any fund raising will be subject to market conditions and
further details will be announced in due course. However, if the
issue proceeds, it is expected that shares will be issued in early
to mid December 2011.
Enquires:
GSO Capital Partners International LLP +44 (0)20 7451 4000
Miguel Ramos-Fuentenebro
Singer Capital Markets Ltd +44 (0)20 3205 7500
James Maxwell
Alan Geeves
Dexion Capital plc +44 (0)20 7832 0900
Ravi Anand
Justin Zawoda-Martin
This document and the information contained herein is not for
release, publication or distribution (directly or indirectly) in or
into the United States, Canada, Australia or Japan or to any "US
person" as defined in Regulation S under the United States
Securities Act of 1933, as amended (the "Securities Act") or into
any other jurisdiction where applicable laws prohibit its release,
distribution or publication. It does not constitute an offer of
securities for sale anywhere in the world, including in or into the
United States, Canada, Australia or Japan. No recipient may
distribute, or make available, this document (directly or
indirectly) to any other person. Recipients of this document in
jurisdictions outside the UK should inform themselves about and
observe any applicable legal requirements in their jurisdictions.
In particular, the distribution of this document may in certain
jurisdictions be restricted by law. Accordingly, recipients
represent that they are able to receive this document without
contravention of any applicable legal or regulatory restrictions in
the jurisdiction in which they reside or conduct business.
This document has been prepared by the Company and is the sole
responsibility of the Company. No liability whatsoever (whether in
negligence or otherwise) arising directly or indirectly from the
use of this document is accepted and no representation, warranty or
undertaking, express or implied, is or will be made by the Company,
GSO Capital Partners International LLP ("GSOCPI") or any of their
respective directors, officers, employees, advisers,
representatives or other agents ("Agents") for any information or
any of the opinions contained herein or for any errors, omissions
or misstatements. None of GSOCPI nor any of its respective Agents
makes or has been authorised to make any representation or
warranties (express or implied) in relation to the Company or as to
the truth, accuracy or completeness of this document, or any other
written or oral statement provided. In particular, no
representation or warranty is given as to the achievement or
reasonableness of, and no reliance should be placed on any
projections, targets, estimates or forecasts contained in this
document and nothing in this document is or should be relied on as
a promise or representation as to the future.
The Company will not be registered under the U.S. Investment
Company Act of 1940, as amended (the "Investment Company Act") and
investors will not be entitled to the benefits of that Act. The
securities described in this document have not been and will not be
registered under the Securities Act, or the laws of any state of
the United States. Consequently, such securities may not be
offered, sold or otherwise transferred within the United States or
to or for the account or benefit of U.S. persons (as such term is
defined in Regulation S under the Securities Act) except pursuant
to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act, applicable state
laws and under circumstances which will not require the Company to
register under the Investment Company Act. No public offering of
the securities is being made in the United States.
This document may contain certain forward-looking statements.
Forward-looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events or
trends and similar expressions concerning matters that are not
historical facts. In some cases, forward-looking statements can be
indentified by terms such as "anticipate", "believe", "could",
"estimate", "expect", "intend", "may", "plan", "potential",
"should", "will", and "would", or the negative of those terms or
other comparable terminology. The forward-looking statements are
based on the Company's beliefs, assumptions, and expectations of
future performance and market developments, taking into account all
information currently available. These beliefs, assumptions, and
expectations can change as a result of many possible events or
factors, not all of which are known or are within the Company's
control. If a change occurs, the Company's business, financial
condition, liquidity, and results of operations may vary materially
from those expressed in forward-looking statements. Some of the
factors that could cause actual results to vary from those
expressed in forward-looking statements, include, but are not
limited to: the factors described in this document; the rate at
which the Company deploys its capital in investments and achieves
expected rates of return; the Company or GSOCPI's ability to
execute the Company's investment strategy, including through the
identification of a sufficient number of appropriate investments;
the continuation of GSOCPI as investment manager of the Company's
investments; the continued affiliation with GSOCPI of its key
investment professionals; the Company's financial condition and
liquidity; changes in the values of or returns on investments that
the Company makes; changes in financial markets, interest rates or
industry, general economic or political conditions; and the general
volatility of the capital markets and the market price of the
Company's shares.
By their nature, forward-looking statements involve known and
unknown risks and uncertainties because they relate to events, and
depend on circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance. Any forward-looking statements are only made as at the
date of this document, and the Company neither intends nor assumes
any obligation to update forward-looking statements set forth in
this document whether as a result of new information, future
events, or otherwise, except as required by law or other applicable
regulation. In light of these risks, uncertainties, and
assumptions, the events described by any such forward-looking
statements might not occur. The Company qualifies any and all of
their forward-looking statements by these cautionary factors.
Please keep this cautionary note in mind while reading this
document.
This document is an advertisement and does not constitute a
prospectus or offering memorandum or an offer in respect of any
securities and is not intended to provide the basis for any
decision in respect of the Company or other evaluation of any
securities of the Company or any other entity and should not be
considered as a recommendation that any investor should subscribe
for or purchase any such securities. Neither the issue of this
document nor any part of its contents constitutes an offer to sell
or invitation to purchase any securities of the Company or any
other entity or any persons holding securities of the Company.
Prospective investors should take note that any securities may
not be acquired by investors using assets of any retirement plan or
pension plan that is subject to Part 4 of Subtitle B of Title I of
the United States Employee Retirement Income Security Act of 1974,
as amended ("ERISA") or section 4975 of the United States Internal
Revenue Code of 1986, as amended (the "Code"), entities whose
underlying assets are considered to include "plan assets" of any
such retirement plan or pension plan, or any governmental plan,
church plan, non-U.S. plan or other investor subject to any state,
local, non-U.S. or other laws or regulations similar to Title I or
ERISA or Section 4975 of the Code or that would have the effect of
the regulations issued by the United States Department of Labor set
forth at 29 CFR Section 2510.3-101, as modified by section 3(42) of
ERISA.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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