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Investment trust info:
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Sector
Sector Specialist: Securitised Debt
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Launch Date
05 Feb 2013
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Base Currency
GBX
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Domicile
Guernsey
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Share Price (p)
106.50
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Share Type
Ordinary Share
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TIDM
LBOW
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ISIN
GG00B8C23S81
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Shares Issued (M)
105
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Market Capital (£M)
111.68
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Gross Assets (£M)
102.53
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Net Assets (£M)
102.53
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TER (%)
0.00
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Historic Dividend Yield (%)
3.75
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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 invest in a loan portfolio comprised of senior loans to property investors secured on UK commercial property with some potential exposure to UK investment residential property.
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Management Group(s):
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Longbow Real Estate Capital LLP
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Managed by:
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Graham Emmett
Start: 05 Feb 2013
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Kevin Cooper
Start: 05 Feb 2013
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Martin Wheeler
Start: 05 Feb 2013
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Phillip Archer
Start: 05 Feb 2013
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Management Contract & Fees:
The Investment Manager is entitled to a management fee at a rate equivalent to 1% per annum of the Net Asset Value paid quarterly in arrears based on the average NAV as at the last business day of each quarter ending 31 January, 20 April, 31 July and 31 October. The Investment Manager is also entitled to certain expenses incurred in carrying out its duties under the Investment Management Agreement, as well as legal, accounting, consultancy and other professional fees and expenses. No performance fee shall be payable. The Investment Management Agreement is for an initial period of 2 years from Admission and will continue automatically thereafter but shall be terminable at any time by either the Investment Manager or the Company giving to the other not less than 12 months written notice.
