ALAN GRAY AFRICA DECLARES DIVIDEND.

Alan Gray Africa, exSA Equity Fund Ltd has declared dividend of 2.0848 and 5.1685 dollars respectively for A and E class shareholders.
According to the funds directors, the dividends were recommended by the investment managers, Alan Gray International Proprietary Ltd and has been approved and paid to shareholders on the register by December 31, 2015.
The two dividends became payable on January 8 after going ex dividend on the 4th under the laws of Bermuda.
According to information gathered from the website of the fund, it invests in " focussed portfolio of companies with significant business interest in Africa excluding South Africa" This is regardless of the location of the African stock exchange in which it is quoted.
The fund's price is reported in United states dollars but holdings are denominated in various currencies.
Henates understands that the fund "aims to outperform African equity markets" and has limited capacity for institutional investors seeking exposure to African equities, who are comfortable with short to medium term volatility, prepared to accept capital loss risk and have investment horizon of more than five years.

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