Circ re. Currency Hedge


 

TIDMDIVA 
 
RNS Number : 1856Y 
FRM Diversified Alpha Limited 
28 August 2009 
 

 
 
FRM Diversified Alpha Limited (the 'Company') 
28 August 2009 
 
 
 
 
The Company announces that further to the Extraordinary General Meeting held on 
29 June 2009, implementing the Proposals put forward in the Circular filed on 2 
June 2009, the Company's currency hedging program will cease as of 28 August 
2009. 
 
 
Termination of the FX hedging prior to the first distribution will ensure that 
the maximum amount of cash can be distributed to Shareholders on the first 
Redemption Date. Cash that has been realised ahead of the distribution is 
currently being held in Sterling. 
 
 
The remaining invested assets of the Company are denominated in US Dollars, so 
from 28 August 2009 onwards, Shareholders will be exposed not only to the 
investment performance of those assets but also to fluctuations in the US 
Dollar/Sterling exchange rate. There may also be some residual exposure due to 
receivables/payables denominated in US Dollars. 
 
 
The Board of Directors of the Company intends to make a Redemption Announcement 
as soon as practicable after calculation of the 31 August 2009 Net Asset Value. 
This announcement will also include details of the foreign exchange position 
after cash has been distributed to Shareholders. 
 
 
 
 
Copies of the Circular dated 2 June 2009 are available on the Company's website: 
www.frmdiversified.com 
 
 
Enquiries: 
 
 
FRM 
Mark Shaw               020 7968 6141 
Greg Taylor          020 7968 6206 
 
 
Unless otherwise defined, terms used in this announcement have the same meaning 
as in the Circular relating to FRM Diversified Alpha Limited dated 2 June 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCSEMSUASUSELA

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