ASA -Bermuda- Limited Announces Earnings.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and (Bermuda Bermuda (bûrmy  `də), British dependency (2005 est. pop. 65,400), 21 sq mi (53 sq km), comprising some 150 coral rocks, islets, and islands (of which some 20 are inhabited), in the ) Limited (NYSE NYSESee: New York Stock Exchange :ASA) a closed-end investment company closed-end investment company: see mutual fund. , today reported the release of the following information with respect to the Company's operations for the six months ended May 31, 2005:
May 31, 2005 May 31, 2004*
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Net Assets $397,279,587 $412,375,652
Shares outstanding 9,600,000 9,600,000
Net asset value per share (1) $41.38 $42.96
(1) Based on closing prices on the JSE Securities Exchange South
Africa or other stock exchanges, as applicable, translated to
U.S. dollars.
May 31, 2005 May 31, 2004
------------ ------------
Net investment income (2) $773,514 $1,949,799
Net investment income per share (2) $.08 $.20
(2) Excludes the following items-
Net realized capital gains $2,740,543 $147,178
(net of realized (loss) on
investments from foreign
currency transactions)
Amount per share $.29 $.02
Net realized gain from other $129,823 $44,858
foreign currency transactions
Amount per share $.01 $-0-
Net (decrease) in unrealized ($83,254,274) ($81,566,442)
appreciation
Amount per share ($8.67) ($8.49)
Net unrealized (loss) on ($723,187) ($103,830)
translation of assets and
liabilities in foreign currency
Amount per share ($.08) ($.01)
*All amounts for May 31, 2004 relate to ASA Limited. Amounts for May 31, 2005 reflect the activities of ASA (Bermuda) Limited. Shareholders can access the Company's website at www.asaltd.com to view the quarterly financial statements and other financial information. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. J.A. Irwin IRWIN are a collective of Slovene artists, primarily painters, part of Neue Slowenische Kunst (NSK). They describe their own work as "retro-principle" or "retro-avant-garde".[1] The group is emphatic about their work being collective rather than individual. Chairman, President & Treasurer |
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