GCP Sovereign Infra Debt (Ordinary Share) GULF

Sector Specialist: Infrastructure

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Estimated NAV (p)

1.00

Share Price (p)

N/A

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 1.0p 1.8% 1.00p 1.00p
30 Jun
100%

Sectors weighting

Cash & Cash Equivalent 100.00%
  • Investment trust info:

  • Sector Sector Specialist: Infrastructure
  • Launch Date 19 Dec 2013
  • Base Currency GBX
  • Domicile Jersey
  • Share Price (p) N/A
  • Share Type Ordinary Share
  • TIDM GULF
  • ISIN JE00BFPMFG60
  • Shares Issued (M) 125
  • Market Capital (£M) 73.07
  • Gross Assets (£M) 71.78
  • Net Assets (£M) 71.78
  • TER (%) 0.00
  • Last AGM  
  • Next AGM  
  • Last Annual Report Date  
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To provide investors with distributions and to preserve the capital value of its investment assets over the long term by investing in subordinated infrastructure debt and similar assets, primarily located in the GCC Region.
  • Management Group(s):

  • Gravis Capital Partners LLP
  • Managed by:

  • Nigel Taee Start: 19 Dec 2013
  • Rollo Wright Start: 19 Dec 2013
  • Stephen Ellis Start: 19 Dec 2013
  • Management Contract & Fees:

    The Investment Adviser is entitled to receive an investment advisory fee equal to: (i) 0.9% per annum of the prevailing NAV (net of cash holdings) up to USD 1 billion; and (ii) 0.75% per annum of the prevailing NAV (net of cash holdings) in excess of USD 1 billion. This fee is calculated and payable quarterly in arrears. The Investment Adviser may also receive an acquisition fee payable by the counterparty of up to 1.5% of the value of each asset at the time of its acquisition. From the date that the Investment Adviser acts as the AIFM to the Company, the Company shall pay the Investment Adviser a fee of USD 30,000 per annum, paid quarterly in arrears. Such fees shall automatically increase on 1 January each year at the rate of the Retail Prices Index prevailing at that time. There are no performance fees payable.

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