ICG-Longbow Sen Sec UK Prop (Ordinary Share) LBOW

Sector Specialist: Securitised Debt

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Estimated NAV (p)

97.00

Share Price (p)

103.75

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
ICG-Longbow Sen Sec UK Prop (Ordinary Share) Price 4.81%
ICG-Longbow Sen Sec UK Prop (Ordinary Share) NAV 4.69%
FTSE All-Share Index 8.98%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 103.3p 6.2% 97.00p 97.00p
30 Apr
100% 1.69%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
ICG-Longbow Sen Sec UK Prop (Ordinary Share) Price4.81
ICG-Longbow Sen Sec UK Prop (Ordinary Share) NAV4.69
FTSE All-Share Index8.98

Discrete performance over

Discrete Performance

Top 10 Holdings

Mansion Student Fund 34.79%
Meadow Real Estate Fund III 34.79%
LM Real Estate 27.34%
Raees 25.51%
Halcyon Ground Rents 16.56%
northlands Portfolio 13.86%
hulbert 12.64%
Cararra Ground Rents 2.50%

Sectors weighting

Debt - Senior Loans 84.30%
Property - Retail 34.00%
Property - Industrials 23.00%
Property - Office 21.00%
Property - Mixed 21.00%
Net Current Assets 15.70%
Miscellaneous 1.00%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 05 Feb 2013
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 103.75
  • Share Type Ordinary Share
  • TIDM LBOW
  • ISIN GG00B8C23S81
  • Shares Issued (M) 108
  • Market Capital (£M) 111.74
  • Gross Assets (£M) 105.22
  • Net Assets (£M) 105.22
  • TER (%) 0.00
  • Historic Dividend Yield (%) 1.69
  • Next Dividend Date 25 Sep 2014
  • Next Dividend (p) 1.50
  • Last AGM 27 May 2014
  • Next AGM 27 May 2015
  • Last Annual Report Date 20 May 2014
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

  • To invest in a loan portfolio of senior loans to property investors secured on UK commercial property with some potential exposure to UK investment residential property with a target IRR of 8% per annum.
  • Management Group(s):

  • Longbow Real Estate Capital LLP
  • Managed by:

  • Graham Emmett Start: 05 Feb 2013
  • Kevin Cooper Start: 05 Feb 2013
  • Martin Wheeler Start: 05 Feb 2013
  • Phillip Archer Start: 05 Feb 2013
  • Trevor Homes Start: 17 Jun 2013
  • Management Contract & Fees:

    The Investment Manager is entitled to a management fee at a rate equivalent to 1% p.a. of the NAV paid quarterly in arrears based on the average NAV as at the last business day of each quarter ending 31 January, 30 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.