Business
Purchase of CLO Loan Notes
Purchase of CLO Loan Notes.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n RNS Number : 0606V T2 Income Fund Limited 03 July 2009 \n\n \n \nT2 Income Fund Limited (the 'Company')\nPurchase of CLO Loan Notes\nThe Company today announces that it has purchased $3.0 million of face value Class D Fourth Priority Senior Notes due 2019 (previously issued by T2 Income Fund CLO I Ltd) at a purchase price of 14.25% of par. This marks the second recent purchase that the Company has made of some portion of the outstanding notes.\nWhile the Company will continue to pursue opportunities to purchase certain of the outstanding notes of T2 Income Fund CLO I Ltd at discounts to their par values, there can be no assurances given that these negotiations will result in further purchase of those notes. Any such purchases would need to be made at prices deemed to be attractive to the Company. The Company wishes to emphasize that the CLO loan notes acquired to date are still a small portion of the total CLO loan notes outstanding.\nFor further information, please contact:\nPatrick Conroy\nT2 Income Fund Limited\n+1 203 983 5282\nPhilip Secrett\nNominated Adviser, Grant Thornton UK LLP\n+44 (0)20 7383 5100\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCIFFSIDRIFIIA \n ","length":2027,"tagName":"div"}]