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ICG-Longbow Senior Secured UK Property Debt Invest (LBOW) Ordinary NPV

Sell:87.50p Buy:90.00p 0 Change: No change
Market closed Prices as at close on 8 March 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

ICG-Longbow Senior Secured UK Property Debt Invest Ordinary NPV

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 8 Jan 2021)

ICG-Longbow Senior Secured UK Property Debt Investments Limited (ICG Longbow SSUP) wants to start winding down and returning cash to shareholders. The company believes this is the best way to maximise value for shareholders given the current economic backdrop.


This plan is subject to shareholder approval at a meeting on 14 January 2021. If you would like to submit a vote before the meeting you can do so below. The deadline to vote is 3pm on Monday 11 January 2021.

×
Sell:87.50p
Buy:90.00p
Change: No change
Market closed Prices as at close on 8 March 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

ICG-Longbow Senior Secured UK Property Debt Invest Ordinary NPV

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 8 Jan 2021)

ICG-Longbow Senior Secured UK Property Debt Investments Limited (ICG Longbow SSUP) wants to start winding down and returning cash to shareholders. The company believes this is the best way to maximise value for shareholders given the current economic backdrop.


This plan is subject to shareholder approval at a meeting on 14 January 2021. If you would like to submit a vote before the meeting you can do so below. The deadline to vote is 3pm on Monday 11 January 2021.

×
Sell:87.50p
Buy:90.00p
Change: No change
Market closed Prices as at close on 8 March 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Shareholder Meeting

ICG-Longbow Senior Secured UK Property Debt Invest Ordinary NPV

Type:
Shareholder Meeting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 8 Jan 2021)

ICG-Longbow Senior Secured UK Property Debt Investments Limited (ICG Longbow SSUP) wants to start winding down and returning cash to shareholders. The company believes this is the best way to maximise value for shareholders given the current economic backdrop.


This plan is subject to shareholder approval at a meeting on 14 January 2021. If you would like to submit a vote before the meeting you can do so below. The deadline to vote is 3pm on Monday 11 January 2021.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The Board will endeavour to realise all the Group's investments in a manner that achieves a balance between maximising the net value received from those investments and making timely returns to Shareholders.

Top 10 holdings currently unavailable.

Sector Weight
Utilities 7.32%
Country Weight
Canada 7.32%

Fee Structure

Management fee is of 1% p.a. of NAV paid quarterly in arrears. Contract is terminable on12 months notice.

Dividend Policy

The Company will have the discretion to pay dividends to Shareholders each calendar quarter. The Company and Investment Manager will target a dividend yield of circa 4% to 5% on the Placing Price in the first full year of investment, payable quarterly; and a total return on investment (net of fees and expenses) of between 6% and 8% annualised over the longer term.

ASSET SPLIT

Total number of holdings: 0.

Trust Manager

Martin Wheeler

Manager Bio

Martin started his career in 1990 with Legal & General Investment Management where he worked in a number of different roles gaining experience across the main commercial property sectors throughout the UK, before joining the Property Finance department of HSBC. In 1998, with Kevin Cooper, Martin was a founder member of the Structured Property Finance business for Halifax. In 2002, Martin joined GMAC, with Kevin Cooper, and was appointed Executive Director to lead the market entry and growth of its UK Real Estate Finance business. Martin is a member of the Royal Institution of Chartered Surveyors and holds an Honours Degree in Property Valuation and Finance from City University.

Board Of Directors

Jack PerryChairman, Paul Meader, Patrick Firth, Stuart Beevor, Fiona Le Poidevin

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.