Interim Management Statement


 

TIDMBIF 
 
RNS Number : 8260V 
BarclaysGlbl Inv Endowment Fd II Ld 
16 July 2009 
 

16 July 2009 
 
 
 
 
Barclays Global Investors Endowment Fund II Limited 
 
 
Interim Management Statement 
 
 
Investment Objective 
 
 
Barclays Global Investors Endowment Fund II Limited (BGIEF II), launched in 
December 1996, is a Jersey-registered closed-ended investment company, which 
invested in a range of traded with-profits endowment policies. The policies, 
which were written by a variety of life offices, had a diverse range of policy 
terms and maturity dates, thereby seeking to achieve for shareholders a 
strategic objective of an attractive level of capital growth coupled with low 
investment risk. It is the Company's policy not to invest in other UK listed 
investment companies. It is the intention of the Directors to wind up the 
Company on or after 1 September 2009. 
 
 
Review for the period 28 February 2009 to 30 June 2009 
 
 
During the period 90 policies matured raising GBP1.82m. This enabled us to pay 
all outstanding borrowings and to start building up cash reserves. Cash has been 
invested in Barclays Global Investor Sterling Liquidity First Fund and the 
balance at 30th June was GBP5.29 million. At 30th June the Company held 29 
policies with an estimated value of GBP0.68m. 
 
 
Short term pricing discount rates reported from TEP markets have continued to be 
volatile month on month and of questionable reliability. Consequently, we have 
made no change to the pricing discount rate used during the period. This is 
currently 6.0% per annum. 
 
 
The Company's NAV fell from 127.09p per share at 28 February 2009 to 125.47p at 
30 June 2009, the latest available. 
 
 
 
 
 
 
Peter Bailey, Chairman 
16 July 2009 
 
 
 
 
For further information please contact: 
 
 
Barclays Global Investors Limited 
Adrian Lawrence    0207 668 8335 
 
 
Weber Shandwick Financial 
Alex Brown /Victoria Dodson    0207 067 0700 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSGUURWMUPBGAQ

Barclays Global (LSE:BIF)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024