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Investment of Funds
Investment of Funds.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n T2 Income Fund Limited\n17 August 2006\n\n\nPress Release Source: T2 Income Fund Limited.\n\nT2 Income Fund Limited Announces Investment\nThursday, 17 August 2006\n\nGUERNSEY - 17 August 2006 - T2 Income Fund Limited (traded on the AIM market of\nthe London Stock Exchange plc: T2I) announced today that it has been repaid it's\ninvestment of approximately £2,700,000 in secured second-lien term notes issued\nby an enterprise resource planning systems company as part of that company's\nrefinancing of its credit facilities. T2 Income Fund has subsequently invested\nthe proceeds from the repayment and approximately an additional £500,000, for a\ntotal of £3,200,000, in newly issued secured first lien notes of the same\ncompany.\n\nT2 Income Fund Limited generated a capital gain of approximately £45,000 on its\noriginal investment as a result of this refinancing.\n\nAbout T2 Income Fund Limited\n\nWe are a closed-ended Guernsey based exempt investment company which invests\nprimarily in the debt and equity securities of small to medium sized companies,\nwith a particular focus on technology-related companies. Companies interested\nin learning more about financing opportunities should contact Barry Osherow at\n+1 203 661-9572\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements subject to the inherent\nuncertainties in predicting future results and conditions. Any statements that\nare not statements of historical fact (including statements containing the words\n'believes,' 'plans,' 'anticipates,' 'expects,' 'estimates' and similar\nexpressions) should also be considered to be forward-looking statements. Certain\nfactors could cause actual results and conditions to differ materially from\nthose projected in these forward-looking statements. We undertake no obligation\nto update such statements to reflect subsequent events.\n\n\nContact:\n Contact:\n\n Patrick Conroy\n +1 203 983-5282\n\n-------------------------\n\nSource: T2 Income Fund Limited\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2313,"tagName":"div"}]