5 Nov 2021 08:00
Edison Investment Research Limited Edison Investment Research Limited: Channel Islands Property Fund (CIP): Initiation - Income is the name of the game 05-Nov-2021 / 08:00 GMT/BST
London, UK, 05 November 2021
Channel Islands Property Fund (CIP): Initiation - Income is the name of the game Channel Islands Property Fund (CIPF) has proved a resilient investment since its launch in 2010 and remains an attractive income-generating investment. Its defensive characteristics were highlighted during the pandemic when 100% of anticipated rent was received throughout the period. This regular and predictable revenue stream allowed it to declare and distribute its ongoing quarterly dividend of 1.65p/share, arguably justifying its 5.3% premium to NAV. It currently yields 6.5%, which is attractive and exceeds the dividend yields available on many other multi-let property investment funds. The fund yields 6.5% at the current share price, which is attractive in its own right and comfortably above the average of 4.7% for peers with similar characteristics. There is potential for dividend growth or capital appreciation, but the current yield is the main attraction. The ongoing charge figure (OCF) is in line with its peer group at 1.94%. There are no performance fees chargeable. Click here to view the full report or here to sign up to receive research as it is published. All reports published by Edison are available to download free of charge from its website www.edisongroup.com About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings. Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. For more information, please contact Edison: Andy Murphy +44 (0)20 3077 5700 investmenttrusts@edisongroup.com Learn more at www.edisongroup.com and connect with Edison on: LinkedIn www.linkedin.com/company/edison-group-/ Twitter www.twitter.com/Edison_Inv_Res YouTube www.youtube.com/edisonitv Dissemination of a CORPORATE NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement. |
1246372 05-Nov-2021
corporate announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.