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Tetragon Financial Group Ltd (TFGS) ORD USD0.001(GBP)

Sell:820.00p Buy:850.00p 0 Change: 2.50p (0.30%)
Market closed Prices as at close on 1 July 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:820.00p
Buy:850.00p
Change: 2.50p (0.30%)
Market closed Prices as at close on 1 July 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:820.00p
Buy:850.00p
Change: 2.50p (0.30%)
Market closed Prices as at close on 1 July 2022 Prices delayed by at least 15 minutes | Switch to live prices |
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 current investment strategy of the company is: To identify attractive asset classes and investment strategies; to identify asset managers it believes to be superior; to use the market experience of the investment manager of Tetragon to negotiate favourable terms for its investments; to own, where appropriate, all, or a portion of, asset management companies with which it invests in order to enhance the returns achieved on its capital.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

Management fee of 1.5% p.a. of the NAV payable monthly in advance prior to the deduction of any accrued incentive fees. The Issuer will also pay an incentive fee equal to 25% of the increase in the NAV above i the reference NAV plus ii the hurdle for the period.

Dividend Policy

Tetragon seeks to return value to its shareholders, including through dividends and share repurchases. Tetragon Board of Directors has the authority to declare dividend payments, based upon the recommendation of Tetragon investment manager, subject to the approval of Tetragon voting shareholder and adherence to applicable law, including the satisfaction of a solvency test as required pursuant to the Companies (Guernsey) Law, 2008, as amended. In addition to making divided recommendations to the Board of Directors, Tetragon investment manager may authorise share repurchases. Decisions with respect to declaration of dividends and share repurchases may be informed by a variety of considerations, including (i) the expected sustainability of the Company cash generation capacity in the short and medium term, (ii) the current and anticipated performance of the Company, (iii) the current and anticipated operating and economic environment, (iv) other potential uses of cash ranging from preservation of the Company investments and financial position to other investment opportunities and (v) Tetragon share price. Tetragon may also pay scrip dividends, which payments are currently conducted through an optional dividend reinvestment program.

ASSET SPLIT

Total number of holdings: 29.

Trust Manager

Not Disclosed

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Steven Hart, David OLeary, Reade Griffith, Paddy Dear, Deron Haley

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'.