News

17/02/2009 - Liberation VII Trading Notes

We have, week commencing 9 February 2009, been offered the opportunity to purchase some Ecofin Water and Power Opportunities Income Shares on behalf of the Liberation VII Fund.

Ecofin Water & Power Opportunities is an authorised UK investment trust which invests in the global utilities sector. The company invests principally in the equity and equity-related securities of companies in the water, electric power and gas distribution industries, mainly in the United Kingdom, the Euro-zone,
North America and other OECD countries.

The Ecofin Water & Power Opportunities Income Shares will redeem on 31 March 2009 at par value of 100p. They were purchased at 100.63p and will receive a dividend of 2.8p due on 31 March 2009. The GRY of this investment on an annualised basis is therefore 16.85%.
For the opportunity to purchase Ecofin Water & Power Opportunities Income, it was decided to sell
the M&G Global Basics Fund to raise the necessary proceeds.

Jason Britton

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• The information represents the opinions of TBAM at the time of writing and is only intended for distribution to professional advisers. It should not be construed as investment advice.
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