Net Asset Value(s)
(Thomson Reuters ONE) - Middlefield Canadian Net Asset Value Middlefield Canadian Income Trusts Investment Company PCC Middlefield Canadian Income Trusts - GBP PC(a protected cell company incorporated in Jersey with registration number 93546)Net Asset ValueAs at the close of business on 14 January 2010 the Net Asset Value per share was79.16 pence (including accrued income which excludes an amount of 1.25 pence pershare in respect of the quarterly dividend to be paid on 29 January 2010).The Net Asset Value includes the Swap at its mark-to-market valuation. Themark-to-market valuation of the Cross Currency Margin Differential (which formspart of the Swap and is fixed for the duration of the Swap) was 1.51 pence as at14 January 2010.The mark-to-market value of the Cross Currency Margin Differential ("CCMD") canbe either positive or negative and will vary over the life of the Swap. Themark-to-market value of the CCMD at any particular time reflects the differencebetween (a) the market rate at that time for a cross-currency interest rate swapof 3-month £ LIBOR and C$ CDOR interest rates for the remaining life of the Swapand (b) that which has been fixed for the Swap.The mark-to-market value of the CCMD will vary depending on the relevantinterest rates and the £/C$ exchange rate at any given moment. As a result, theSwap will reflect positively or negatively the mark-to-market value of the CCMDat that time. All else being equal, the value of the CCMD will reduce as theTermination Date of 28 June 2013 for the Swap is approached. At the TerminationDate there will be no value attributable to the CCMD.Terms set out in this announcement are the same as in the Company's prospectusdated 19 June 2006.This Net Asset Value, which has been prepared in good faith by the Company'sManager, is based partially on formal valuations supplied to the Company by theadministrators of the Company's underlying investments.Enquiries:Kleinwort Benson (Channel Islands) Corporate Services Limited01481 727111[HUG#1374733]
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Datum: 19.01.2010 - 04:52 Uhr
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