Edinburgh Dragon convertible – maturing in 2018 and with a coupon of 3.5% – are convertible into ordinary shares of Edinburgh Dragon.
Edinburgh Dragon aims to achieve long term capital growth through investment in the Far East. The company’s benchmark index is the MSCI All Country Asia (ex Japan) Index. Investments are made in stock markets in the region, with the exception of Japan and Australasia, principally in large companies. When appropriate, the trust will utilise gearing to maximise long term returns.