News
Arkmile Reduces Interest in CIF
20/10/08
Arkmile Limited (“Arkmile”), which was the second largest security holder in Challenger Infrastructure Fund (“CIF” or “the Fund”) with a holding of approximately 18.5% of the issued stapled securities, has today informed Challenger Listed Investments Limited (“CLIL”), the Responsible Entity for CIF, that it has sold its entire holding to Deutsche Bank and that, consequently, it no longer has an interest in the listed securities.
Arkmile and its associates retain their economic interest in approximately 13.3% of CIF in the form of Contracts for Difference.
Vincent Tchenguiz, Chairman of Consensus Business Group, adviser to Arkmile commented:
“We continue to be supportive of, and see value in, CIF. We maintain that its assets have excellent long term prospects and that this is not reflected in the current market price of the securities.
“We believe that a reduced, de-leveraged, exposure to the Fund will give us greater flexibility under current market conditions. We intend to work with stakeholders, including CIF’s new significant security holder, to endeavour to align the market value with the net asset value.”
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For further information, please contact:
Consensus Business Group +44 (0)20-7355 7777
Seán Bellew Direct: +44(0)20-7355 7957
Mobile: +44 (0)7973 -23 40 40
Email: s.bellew@cbg.uk.com
www.cbg.uk.com
FD Third Person +61 2 8298 6100
Stuart Carson +61 (0)403 527 755
stuart.carson@fdthirdperson.com.au
