PEJR Prospect EP.

    RNS Number : 8348G
  Prospect Epicure J-REIT Val Fd PLC
  28 October 2008
   
    28 October 2008

    Prospect Epicure J-REIT Value Fund PLC

    Further to the announcement dated 14 October, the Board of Prospect Epicure J-REIT Value Fund PLC (the "Company") is pleased to announce
that it has acquired a portfolio of holdings in listed Japanese REIT's from its various wholly-owned subsidiary companies at prevailing
market prices for a total gross consideration of approximately �4.5m.  

    The cash realised by the various subsidiaries of the Company has been used by them to reduce their net indebtedness under their prime
brokerage agreements.

    The Company's Investment Adviser continues to actively manage the subsidiaries gearing level. As at close of business in Tokyo on 28
October 2008, the Company's subsidiaries had met all outstanding margin calls and their gearing is below the pre-existing maximum permitted
gearing limits as set by their prime broker, Citigroup Global Markets Limited (gearing being defined as total borrowings / net assets). This
excludes cash balances and investments held by the parent company in the Isle of Man.

    For the avoidance of doubt, Prospect Epicure J-REIT Value Fund PLC, as parent company, is not a party to the prime brokerage agreement
between Citigroup Global Markets Limited and the Company's subsidiaries.


    Contact: 

    
 Leonard O'Brien, Director
 Prospect Epicure J-REIT Value Fund PLC     +41 (22) 908 1190

 Curtis Freeze
 Prospect Asset Management, Inc               +1 808 396 7077

 Ian Dungate / Suzanne Jones
 Galileo Fund Services Limited           +44 (0) 1624 692 600

 Richard Gray / Andrew Potts
 Panmure Gordon (UK) Limited             +44 (0) 20 7459 3600

 Tim Draper / Marylene Guernier
 M:Communications                        +44 (0) 20 7153 1269





This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
MSCBBBDGBXDGGII

Prospect EP. (LSE:PEJR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Prospect EP. (LSE:PEJR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024