Picton Property Income (Ordinary Share) PCTN

Property Direct - UK

Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Add to Virtual Portfolio | Print page

Estimated NAV (p)

53.00

Share Price (p)

64.00

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 35.3p -34.1% 53.00p 54.00p
30 Jun
228% 11.35%

Top 10 Holdings

River Way Industrial Estate, Harlow 7.90%
Unit 5320 Magna Park, Lutterworth 7.20%
Stanford House, Long Acre 5.20%
Phase II Parc Tawe, Swansea 4.30%
50 Farringdon Road, Colchester 3.80%
Angel Gate Office Village, City Road 3.50%
Colchester Business Park 3.40%
Boundary House, EC3 3.40%
Angouleme Way, Manchester 2.90%
1-3 Chancery Lane, WC2 2.60%

Sectors weighting

Property - Office 33.20%
Property - Industrials 33.10%
Property - Retail 17.90%
Property - Rental Units 6.80%
Net Current Assets 5.00%
Property - Hotels 4.00%
  • Investment trust info:

  • Sector Property Direct - UK
  • Launch Date 24 Oct 2005
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 64.00
  • Share Type Ordinary Share
  • TIDM PCTN
  • ISIN GB00B0LCW208
  • Shares Issued (M) 345
  • Market Capital (£M) 121.73
  • Gross Assets (£M) 421.51
  • Net Assets (£M) 184.57
  • TER (%) 0.00
  • Historic Dividend Yield (%) 11.35
  • Next Dividend Date 08 Nov 2012
  • Next Dividend (p) 1.00
  • Last AGM 24 Aug 2012
  • Next AGM 24 Aug 2013
  • Last Annual Report Date 25 Jul 2012
  • Next due Report Date 30 Sep 2012
  • Next due Report Type I/R
  • Objective:

  • Property Investment in Isle of Man, Channel Islands and UK
  • Management Group(s):

  • ING Real Estate Investment (UK)Limited
  • ING REIM (UK Funds) Limited
  • Managed by:

  • Michael Morris Start: 31 Dec 2010
  • Management Contract & Fees:

    The Management Fee will be equal to the aggregate of the following in annual terms : (a) 90 basis points of Gross Assets up to and including GBP600 million; (b) 82.5 basis points of Gross Assets in excess of GBP600 million and up to and including GBP800 million; and (c) 75 basis points of Gross Assets in excess of GBP800 million. The property management fee referred to above will not be paid in respect of cash assets of the Group, in respect of which the Investment Manager will receive a reduced fee of one quarter of 40 basis points of the amount of such cash assets. The Investment Manager will be paid a quarterly fee of GBP150,000 per annum by the Company in respect of the administration services. This will be deducted from the fee referred to above. The Investment Manager shall be responsible for the fees of the managing agents of the properties and the fees for the administration of the Company, and the Trustee and Trust Manager of the GPUT out of its Management Fee. The Investment Management Agreement may not be terminated by either the Company or the Investment Manager prior to the third anniversary of the agreement but, thereafter, any party may terminate the agreement on not less than 12 months notice in writing, such notice not to be given prior to the second anniversary of the agreement.