Implementation of Balanced Risk Strategy


 
TIDMIVPH 
 
Invesco Perpetual Select Trust plc 
 
IMPLEMENTATION of BALANCED RISK strategy 
 
The Directors announced on 14 October 2011 proposals to change the investment 
objective and policy of the Company's Hedge Fund Share portfolio. The changes 
were approved at a General Meeting on 15 November 2011. 
 
It had been expected that the implementation of the new Balanced Risk strategy 
would take place once the Company had received the full proceeds of redemption 
of its hedge fund investments, which is expected in March 2012. A large 
proportion of the proceeds will, however, be received in early February and the 
value of the balance of the redeeming investments will be fixed at the 31 
January 2012 valuation point. 
 
The Company will, therefore, have no further economic exposure to hedge funds 
(other than small directly held positions) from 1 February 2012 and will 
receive an estimated GBP4.7m redemption proceeds in cash shortly thereafter. The 
Directors consider that it would be preferable to embark on the Balanced Risk 
strategy as soon as practicable and believe that the expected cash available 
from early February should be sufficient to support the new strategy pending 
receipt of the remaining hedge fund proceeds. 
 
The Directors are therefore pleased to announce that the implementation of the 
Balanced Risk strategy, the change of name of the Hedge Fund Shares to become 
Balanced Risk Shares and the amendment to the management fee arrangements for 
the portfolio will become effective in early February 2012 and not the 
following month as had been indicated. 
 
The precise timing will depend on the date of receipt of redemption proceeds 
from the Company's hedge fund investments and a further announcement will be 
made in due course. 
 
23 January 2012 
 
Enquiries: 
 
Invesco Asset Management Limited 020 7065 3555 
 
Angus Pottinger 
 
 
 
END

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