H3XE Newstar Rbc 3Xe

    RNS Number : 0364Z
  New Star RBC Hedge250 IDX (3X GBP)
  15 July 2008
   


    HEDGE ETS
    New Star RBC Hedge 250 Index Exchange Traded Securities
    PCC Limited
    (A closed-ended investment company incorporated in Guernsey with registered number 45501 under the provisions of The Companies
(Guernsey) Laws 1994 to 1996 and The Protected Cell Companies Ordinance 1997 to 1998, as amended)

    15 July 2008

    RESULTS OF REDEMPTION FACILITY

    New Star RBC Hedge 250 Index Exchange Traded Securities PCC Limited ("Hedge ETS") announces that it has received Redemption Requests as
set out below.

    Redemption Day

    The Company's Article of Association incorporate provisions to enable Shareholders, at the Directors' discretion, to redeem up to 100
per cent of their Shares for cash as at the first business day of January or July or up to 50 per cent of their Shares for cash as at the
first business day of April or October in each year. 

    The Directors announced on 4 June 2008 that they had determined to operate the facility for 1 October 2008 (the "Redemption Day")

    Valid redemption requests were received for the following Shares 

                          1X Cell  3X Cell

 US Dollar Share Class  2,430,429  987,710

 Euro Share Class       1,504,352  400,000

 Sterling Share Class     215,000  476,913


    Redemption requests will be fully satisfied.

    Redemption Price

    Subject to there being no valid revocations, all redemptions will be effected at the net asset value per Share of the relevant class at
30 September 2008, less direct costs. No redemption fee is expected to be payable.

    Settlement

    Full redemption proceeds will normally be dispatched to Shareholders within 15 days after the publication of the RBC Hedge 250 Index
level prevailing on the Redemption Day (which is expected to be on or around the 45th day after 30 September 2008). Where payments under the
Swaps are delayed or withheld or the Company is unable to liquidate its other investments in an orderly manner, the Company may take longer
to pay the redemption proceeds or scale back redemption pro-rata amongst redeeming Shareholders.

    Enquiries:

    Alison Bilham, HSBC Securities Services (Guernsey) Limited
    Tel: + 44 (0)1481 707213

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