Redefine International (Ordinary Share) RDI

Property Direct - Europe

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Estimated NAV (p)

37.00

Share Price (p)

51.40

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 50.0p 33.5% 37.00p 37.00p
31 Aug
250% 6.55%

Top 10 Holdings

Grand Arcade, Wigan 9.96%
St Georges, Harrow 7.49%
West Orchards Shopping Centre, Coventry 4.82%
Birchwood Shopping Centre, Warrington 3.81%
Holiday Inn Express, Earls Court 3.52%
VBG, Dresden 3.35%
Holiday Inn, Brentford Lock 3.34%
Holiday Inn Express, Limehouse 3.14%
VBG, Stuttgart 3.14%
25-26 Esplanade, St Helier 3.09%

Sectors weighting

Property 85.20%
Net Current Assets 14.80%
  • Investment trust info:

  • Sector Property Direct - Europe
  • Launch Date 23 Aug 2011
  • Base Currency GBX
  • Domicile Isle of Man
  • Share Price (p) 51.40
  • Share Type Ordinary Share
  • TIDM RDI
  • ISIN IM00B8BV8G91
  • Shares Issued (M) 1,057
  • Market Capital (£M) 528.58
  • Gross Assets (£M) 987.82
  • Net Assets (£M) 395.87
  • TER (%) 6.20
  • Historic Dividend Yield (%) 6.55
  • Next Dividend Date 20 May 2014
  • Next Dividend (p) 1.64
  • Last AGM 23 Jan 2013
  • Next AGM 23 Jan 2014
  • Last Annual Report Date 14 Dec 2012
  • Next due Report Date 31 Aug 2013
  • Next due Report Type A/R
  • Objective:

  • Invests in European Property to generate income and capital returns.
  • Management Group(s):

  • Redefine International Property Management Ltd
  • Managed by:

  • Lisa Hibberd Start: 23 Aug 2011
  • Mike Watters Start: 23 Aug 2011
  • Tracy Savides Start: 23 Aug 2011
  • Management Contract & Fees:

    Under the amended Investment Advisory Agreement dated 13 July 2011 (the IAA), the Company pays to Redefine International Property Management Limited (RIPML) an asset management fee of 0.5 per cent on the aggregate gross value of the Groups assets (including cash) and a commission of 0.75 per cent in respect of sales and acquisitions, or 1 per cent where sub-agent costs are incurred. RIPML will also receive a fee of 3 per cent of the annual rents in respect of multi-let retail property and 1 per cent for any other properties. Performance fee 20% of any performance over an internal rate of return of 10% in any year.