EET Euro Equity

 

TIDMEET 
 
RNS Number : 6536M 
European Equity Tranche Income Ltd. 
02 February 2009 
 

 
 
European Equity Tranche Income Limited ("EETI") 
 
 
Portfolio update 
 
 
 
 
The Board of EETI announces that it has recently received performance data for 
the fourth quarter of 2008 in relation to its Pastor second loss investments. As 
a result of the continued increase in loans in arrears of 90 days or more and an 
increase in loans in default in the quarter ended 31 December 2008 it is 
expected that a material provision against the Pastor investments will be 
required. 
 
 
The Board will be reviewing the investment portfolio as a whole as fourth 
quarter data in relation to its other investments becomes available and expects 
to publish the net asset value of EETI as at 31 December 2008 towards the end of 
February. 
 
 
In addition, since the increased arrears and higher defaults are likely to have 
an adverse effect on the projected cash flows from the Pastor investments this 
is expected to reduce significantly EETI's cash flows in the current year. 
 
 
 
 
Enquiries: 
 
 
European Equity Tranche Income Limited 
Robin Monro-Davies                                                0845 868 0533 
 
 
Arbuthnot Securities Limited 
Alastair Moreton                                                      020 7012 
2000 
 
 
Anson Fund Managers Limited 
Secretary                                                                 01481 
722260 
 
 
2 February 2009 
 
 
E&OE - in transmission 
 
 
END OF ANNOUNCEMENT 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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