The Global Investment Basket Ltd. announced to the Bermuda Stock Exchange that ordinary shares will be scheduled for redemption later this year.

The board received the shareholders’ proxies, with 94.61 percent of the issued shares of the company voted in favour of extending the planned life of the company until April 2013 and shareholders will be able to elect to either continue their investment in the company until April 2013 by continuing to hold their shares or redeem some or all of their ordinary shares at fair market value.