Net Asset Value(s)

Dienstag, 08.12.2009 09:45 von 

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 Value

As at the close of business on 03 December 2009 the Net Asset Value
per share was 68.96 pence
(including accrued income.)

The Net Asset Value includes the Swap at its mark-to-market
valuation. The mark-to-market valuation of the Cross Currency Margin
Differential (which forms part of the Swap and is fixed for the
duration of the Swap) was 0.50 pence as at 03 December 2009.

The mark-to-market value of the Cross Currency Margin Differential
("CCMD") can be either positive or negative and will vary over the
life of the Swap. The mark-to-market value of the CCMD at any
particular time reflects the difference between (a) the market rate
at that time for a cross-currency interest rate swap of 3-month £
LIBOR and C$ CDOR interest rates for the remaining life of the Swap
and (b) that which has been fixed for the Swap.

The mark-to-market value of the CCMD will vary depending on the
relevant interest rates and the £/C$ exchange rate at any given
moment. As a result, the Swap will reflect positively or negatively
the mark-to-market value of the CCMD at that time.  All else being
equal, the value of the CCMD will reduce as the Termination Date of
28 June 2013 for the Swap is approached.  At the Termination Date
there will be no value attributable to the CCMD.

Terms set out in this announcement are the same as in the Company's
prospectus dated 19 June 2006.

This Net Asset Value, which has been prepared in good faith by the
Company's Manager, is based partially on formal valuations supplied
to the Company by the administrators of the Company's underlying
investments.


Enquiries:

Kleinwort Benson (Channel Islands) Corporate Services Limited
01481 727111

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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.

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