Infrastructure India (Ordinary Share) IIP

Sector Specialist: Infrastructure

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Estimated NAV (p)

98.00

Share Price (p)

14.50

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 61.0p -37.6% 98.00p 109.00p
31 Mar
100%

Sectors weighting

Infrastructure 99.00%
Net Current Assets 1.00%
  • Investment trust info:

  • Sector Sector Specialist: Infrastructure
  • Launch Date 30 Jun 2008
  • Base Currency GBX
  • Domicile Isle of Man
  • Share Price (p) 14.50
  • Share Type Ordinary Share
  • TIDM IIP
  • ISIN IM00B2QVWM67
  • Shares Issued (M) 40
  • Market Capital (£M) 24.27
  • Gross Assets (£M) 38.88
  • Net Assets (£M) 38.88
  • TER (%) 10.80
  • Last AGM 25 Aug 2010
  • Next AGM 25 Aug 2011
  • Last Annual Report Date 23 Aug 2010
  • Next due Report Date 30 Sep 2010
  • Next due Report Type I/R
  • Objective:

  • To provide capital growth and income by investing in Indian infrastructure assets with particular focus on assets and projects related to the energy and transport sectors
  • Management Group(s):

  • Bloomsbury Asset Management
  • Managed by:

  • Gary Neville Start: 23 Jun 2008
  • Management Contract & Fees:

    The Investment Adviser will be paid a fee of 2% of invested funds. The fee is payable quarterly in advance and will be calculated by reference to the value of the investment at the time that the investment is made and not by reference to any revaluation of the investment. The Investment Adviser will receive a performance fee provided that a cumulative rate of return of 10% p.a. has been achieved on the Net Proceeds of the Placing. No performance fee will be payable in relation to any gains representing this first 10% return. In respect of a return of between 10% and 12% per year, 100% will be paid to the Investment Adviser as a performance fee. In respect of a return of above 12% p.a., the Investment Adviser will receive a performance fee of 20% of such return. A annual administrator fee is caculated by GBP 85,000 plus a fee based on time spent charged at standard rates for certain accounting services.