(RIG) CQS Rig Finance

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Buy UK shares for just £1.50. No hidden charges, admin or inactivity fees

Current Market Information

Time: 15:17

Bid	29.00
Ask	30.50
Price	29.75
Previous	29.75
Change	0.00 (0.00%)
Last Trade
Trading Vol.	0
Today's High
Today's Low

52 Wk Low	20.25
52 Wk Low	(17/08/2011)
52 Wk High	31.00
52 Wk High	(01/02/2012)
52 Wk Change	+6.00
52 Wk Change	(+25.26%)
4 Wk Volume	1,506,054
ISIN Number	GG00B1GVK032
Currency	GBX

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Tue 17:20

CQS Rig Finance Fund Limited - CQS Rig Finance Fund Ltd : Net Asset Value(s)

HUG

Tue 13:21

CQS Rig Finance Fund Limited - CQS Rig Finance Fund Ltd : Notice of AGM

HUG

Mon 14:32

CQS Rig Finance Fund Limited - CQS Rig Finance Fund Ltd : Holding(s) in Company

HUG

CQS Rig Finance Fund Ltd : Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		CQS RIG FINANCE FUND LIMITED (ISIN: GG00B1GVK032
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights			X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other: Update to Total Voting Rights figure triggered this notification
3. Full name of person(s) subject to the notification obligation:	CQS (UK) LLP, CQS ASSET MANAGEMENT LIMITED
4. Full name of shareholder(s) (if different from 3.):	CQS DIRECTIONAL OPPORTUNITIES MASTER FUND LIMITED, KIVU INVESTMENT FUND LIMITED, NEW CITY HIGH YIELD FUND LIMITED.
5. Date of the transaction and date on which the threshold is crossed or reached:	01 FEBRUARY 2012
6. Date on which issuer notified:	06 FEBRUARY 2012
7. Threshold(s) that is/are crossed or reached:	10%, 15%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

ISIN: GG00B1GVK032

4,881,468

12,131,468

12.45%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

12,131,468

12.45%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
CQS (UK) LLP AND CQS ASSET MANAGEMENT LIMITED ARE THE INVESTMENT ADVISERS AND DISCRETIONARY PORTFOLIO MANAGERS TO THE SHAREHOLDERS OUTLINED IN SECTION 4.

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:
14. Contact name:	Kleinwort Benson (Channel Islands) Fund Services Limited
15. Contact telephone number:	+44 (0) 1481 710607

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: CQS Rig Finance Fund Ltd via Thomson Reuters ONE

HUG#1582972

Mon 14:30

CQS Rig Finance Fund Limited - CQS Rig Finance Fund Ltd : Holding(s) in Company

HUG

CQS Rig Finance Fund Ltd : Holding(s) in Company

TR-1: notification of major interests in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		CQS RIG FINANCE FUND LIMITED (ISIN: GG00B1GVK032)
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached			X
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other: Update to Total Voting Rights figure triggered this notification
3. Full name of person(s) subject to the notification obligation:	CQS (UK) LLP, CQS ASSET MANAGEMENT LIMITED
4. Full name of shareholder(s) (if different from 3.):	CQS DIRECTIONAL OPPORTUNITIES MASTER FUND LIMITED, KIVU INVESTMENT FUND LIMITED, NEW CITY HIGH YIELD FUND LIMITED.
5. Date of the transaction and date on which the threshold is crossed or reached:	01 FEBRUARY 2012
6. Date on which issuer notified:	06 FEBRUARY 2012
7. Threshold(s) that is/are crossed or reached:	15%, 10%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights

Direct

Indirect

Direct

Indirect

ISIN: GG00B1GVK032

4,881,468

5.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date

Exercise/
Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,881,468

5.01%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
CQS (UK) LLP AND CQS ASSET MANAGEMENT LIMITED ARE THE INVESTMENT ADVISERS AND DISCRETIONARY PORTFOLIO MANAGERS TO THE SHAREHOLDERS OUTLINED IN SECTION 4.

Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:
14. Contact name:	Kleinwort Benson (Channel Islands) Fund Services Limited
15. Contact telephone number:	+44 (0) 1481 710607

HUG#1582969

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Latest Messages
Date/Time	Subject	Author
Result Pages: 1
01-12-11	Buy Re: fundamental attractions	Its all good


	View Author's profile Add to favourites Ignore Author's posts
Nice to see some other people joining this stock More View thread 3 Respond Login to Vote up
25-11-11	Re: fundamental attractions	tiltonboy


	View Author's profile Add to favourites Ignore Author's posts
fa, If you look at the fact sheet, the GRY is shown at 11.5%. Some of that will come from bonds being priced under par, but a good proportion will be from income they do not pay out. Knocking off the dividend payments, and applying compound growth of 6% per annum, NAV should be 43.5p in five years time. Hopefully the bonds will perform, and enhance the NAV and the SP. More View thread 3 Respond Login to Vote up
24-11-11	fundamental attractions	averageup


	View Author's profile Add to favourites Ignore Author's posts
massive recent out-performance versus a very nervous market..partly the result of the windfall gain. I am looking forward to getting updated accounts to work out how much income this portfolio is throwing off. It is certainly more than 4% of NAV dividend commitment (8% -10% i suspect) so we should see a steady increase in divi income. There must be some attractive places to park the cash at the moment. It is rare to see a credit fund with 15% - 20% discount to NAV....its a great place to start with an investment. More View thread 3 Respond Login to Vote up
04-03-11	Hold Interesting news today	inv91422	1


	View Author's profile Add to favourites Ignore Author's posts
Looks like a dividend will be paid and now the fund is looking to diversify. Hopefully this will lead to higher returns on this investment which has done well to build up a strong NAV based on providing secured credit. More View thread 1 Respond Login to Vote up

The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.

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(RIG) CQS Rig Finance

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