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Investment trust info:
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Sector
Sector Specialist: Securitised Debt
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Launch Date
17 Dec 2012
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
105.30
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Share Type
Ordinary Share
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TIDM
SWEF
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ISIN
GG00B79WC100
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Shares Issued (M)
238
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Market Capital (£M)
250.90
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Gross Assets (£M)
234.51
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Net Assets (£M)
234.51
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TER (%)
0.00
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Historic Dividend Yield (%)
2.55
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Next Dividend Date
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Next Dividend (p)
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Last AGM
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Next AGM
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Last Annual Report Date
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Next due Report Date
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Next due Report Type
I/R
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Objective:
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To provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through a diversified portfolio of real estate debt investments in the UK and Continental Europe.
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Management Group(s):
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Starwood European Finance Partners Ltd
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Management Contract & Fees:
The Investment Manager will be entitled to a management fee which shall be calculated and accrued daily at a rate equivalent to 0.75% per annum of Net Asset Value (excluding any cash balances until such time as 75% of the Net Issue Proceeds are invested). The management fee will be payable quarterly in arrears. The Investment Manager will be entitled to an asset origination fee of 0.75% of the value of all new loan investments made or acquired by the Company. The Investment Management Agreement is terminable by either the Investment Manager or the Company giving to the other not less than 12 months written notice, such notice not to be given before the fourth anniversary of Admission.
