Net Asset Value End May Estimate


 
TIDMAIDU 
 
The Aida Closed-Ended Fund Limited. 
 
May 2010 Unaudited Estimated Net Asset Values - Ordinary Shares 
 
The Unaudited Estimated Net Asset Values of the Aida Closed-Ended Fund Ordinary 
Shares as at 28 May 2010 were as follows: 
 
                    Aida Closed-Ended Fund 
 
                    NAV per       NAV per 
                    Ordinary      Side Pocket 
                    Share         Share 
 
30 April 2010       US$1.4438     See Note 2 
(Final) 
 
28 May 2010 (       US$1.3957     See Note 2 
Estimated) 
 
Performance         US Dollar 
                    Ordinary 
                    Shares 
 
MTD                 (3.33)% 
 
YTD                 (2.22) % 
 
Last 12 Months      2.85% 
(1) 
 
5-Year(1)           (14.26)% 
 
5-Year              (3.03)% 
Annualised(1) 
 
Since Inception     12.98% 
(1) 
 
(1) The Aida Fund restructured on 25 November 2009 (the "Restructuring"). The 
Aida Fund changed its name to the Aida Closed-Ended Fund, transferred its 
investment assets to the Aida Open-Ended Fund and became a feeder fund for the 
Aida Open-Ended Fund. In addition the assets which did not meet the revised 
investment criteria of the Aida Open-Ended Fund were placed in a Side Pocket. 
Approximately 18% of the assets of the Aida Fund were placed into the side 
pocket. In order to give investors an understanding of the performance of the 
Aida Open-Ended Fund investments, the performance of the Aida Closed-Ended Fund 
prior to the restructuring has been included in the statistics given in the 
table above. The Aida Closed-Ended Fund inception was September 2001. 
 
(2) In accordance with the prospectus documents dated 25 November 2009 Aida 
Closed-Ended Fund Side Pocket shares are valued semi-annually as at the end of 
June and December. 
 
These valuations, which have been prepared in good faith by the Aida 
Closed-Ended Fund, are based principally on formal valuations supplied to the 
Aida Closed-Ended Fund and the Aida Open-Ended Fund by the administrators of 
the Aida Closed-Ended Fund and the Aida Open-Ended Fund 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 the Aida 
Closed-Ended Fund and Aida Open-Ended Fund prospectus documents dated 25 
November 2009. 
 
Investment Manager Comment 
 
In the month of May 2010 the Aida Closed-Ended Fund's US$ Ordinary Share class 
NAV decreased by (3.33)%. Over the same period the S&P 500 decreased by (8.20)% 
and the FTSE 100 decreased by (6.57)% 
 
Incorporating the performance of the Aida Closed-Ended fund US$ share class 
from September 2001 to the date of the Restructuring, the Aida Closed-Ended 
Fund Ordinary Share class NAV grew +12.98% to the end of May 2010. Over the 
same period the S&P 500 fell by (3.90)% and the FTSE 100 fell by (2.93)%. 
 
Of the underlying funds that Aida Open-Ended Fund invests in 2 of the funds 
that reported increased during the month whilst 16 of the funds that reported 
have decreased. 
 
Aida Capital, the investment manager, remains available at all times to discuss 
the fund and markets in general. 
 
Contacts: 
 
Peter Haspel 
 
Nicholas Oppenheim 
 
Aida Capital 
 
+44 20 7600 7500 
 
invest@aidacapital.com 
 
Disclaimer 
 
The information in this announcement should be read in conjunction with the 
full text of the prospectus dated 25 November 2009 and any subsequent 
announcements. Capitalised terms used in this announcement shall, unless the 
context otherwise requires, bear the meaning given to them in the prospectus 
documents. 
 
This announcement does not constitute an offer to sell, exchange or transfer 
any securities of The Aida Closed-Ended Fund Ltd 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 prospectus documents published on 25 November 2009 of The Aida Closed-Ended 
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. 
 
                             THE AIDA CLOSED-ENDED 
 
                                 FUND LIMITED 
 
                      The Aida Closed-Ended Fund Limited 
 
                   Canada Court, Upland Road, St Peter Port, 
 
                               Guernsey, GY1 3QE 
 
                           Registered Number: 45968 
 
 
 
END
Aida CE FD Usd (LSE:AIDU)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024