Haldane McCall Equity Real Estate Investment Trust

Size: px
Start display at page:

Download "Haldane McCall Equity Real Estate Investment Trust"

Transcription

1 Haldane McCall Equity Real Estate Investment Trust

2 DISCLAIMER This Investment Teaser ( Teaser ) has been prepared by The Lead Issuing House, Goldbanc Management Associates Ltd and Co-Issuing Houses, BGL Capital Ltd, Capital Bancorp Plc, Greenwich Trust Ltd, LeadCapital Plc and Planet Capital Ltd ( Issuing Houses ) in respect of the proposed Haldane McCall Equity Real Estate Investment Trust ( HMK REIT ). The information contained in this Teaser is selective and is subject to further update, expansion, revision and amendment. It does not purport to contain all the information that recipients may require. No obligation is accepted to provide recipients with access to any additional information or to correct any inaccuracies which may become apparent. Recipients should conduct their own investigation and analyze the information contained in this Teaser and are also advised to seek their own professional advice on the legal, financial, taxation and other consequences of investing in the HMK REIT. The Issuing Houses and any of their associated/subsidiary companies or employees are under no obligation to accept any liabilities that may arise from the use of any part of this Teaser. The views expressed in this teaser have not been influenced by any third party or induced by any incentive from any quarters.

3 HMK REIT ASSET COMPOSITION RESIDENTIAL 1, IKOYI RESIDENTIAL 2, GRA IKEJA RESIDENTIAL 3, GRA IKEJA COMMERCIAL 1, GRA IKEJA COMMERVIAL 2, GRA IKEJA COMMERCIAL 3, OPEBI ALLEN IKEJA

4 STRUCTURE OF THE REIT STRUCTURE OF THE REIT STRUCTURE DIAGRAM Unit Holders Management Services Trustee Fees Management Fees HMK REIT Acts on behalf of Unit Holders Trustees Custodian services Cash Custodian Real Estate Assets Bank

5 ENHANCEMENT OF THE REIT A cross-section of the enhancements include: Insurance of REIT Assets: The assets of the REIT highlighted in the Prospectus shall be insured against losses. The insurance classes with regard to the assets include fire policy, public liability insurance and Business Interruption risk due to damage by flood, fire and windstorm which would lead to loss of income for the period during which the property is undergoing repairs. Guarantee of the REIT income: In the event that there is a shortfall in occupancy below 60%, the guarantor will pay 16.40% of the rental income to the REIT investors. REIT INCOME REIT income shall be multi-faceted and shall be competitive as obtainable for residential and commercial properties in Nigeria. The identified REIT assets all command optimal tenancy level with good tenancy (corporate) profile. Additionally the REIT will also invest in other Real estate assets and money market instruments that offer competitive returns to ensure liquidity. Combinations of these ascertain unrivalled returns to investors in the HMK Equity REIT. INVESTMENT HIGHLIGHT A Market Maker will be appointed by the NSE to facilitate the liquidity of the REIT. The Market Maker will ensure continuous trading of the REIT on the floor of The NSE by ensuring steady supply or purchase to investors. This provides comfort to investors of the liquidity of the units.

6 HMK REIT INVESTMENT OVERVIEW INVESTMENT HIGHLIGHT A grade investment properties. Properties strategically located in the heart of Ikeja GRA and Ikoyi, Lagos. 100% Committed Occupancy with high quality tenants. REITS Value Real Estate Properties Other Assets: (Including liquid assets) HMK KEY STATISTICS N13, 390m N9, 450m N3, 550m Forecast Year FY Sept 2015: Net Property Income N915m Net income Yield (Yr 1) 8.51% Distribution Yield (Yr 1) 7.65% 5 years Average Growth in Yield 10.56% Projected Earnings yield on HMK REITS (%) Projected HMK REIT Net Asset Growth (N'm) 13,369 13,524 13,700 13,111 13,232 SEPT 2015 SEPT 2016 SEPT 2017 SEPT 2018 SEPT 2019 Yield on HMK REITS (%) SEPT 2015 SEPT 2016 SEPT 2017 SEPT 2018 SEPT 2019

7 HMK REIT INVESTMENT OVERVIEW PROFIT FORECAST: Year ending 31st September Opening Net Asset Value N m 13,000 N m 13,111 N m 13,232 N m 13,369 N m 13,524 Total Income 1,479 1,586 1,756 1,936 2,147 Total Expenses Net Asset Value at year end 13,111 13,232 13,369 13,524 13,700 Earning Yield (%) Distribution Yield (%)

8 INVESTMENT RATIONALE IN HMK REIT Attractive Return on Investment With the boom in the Nigerian real estate sector which presently commands premium rent in select areas like those of the HMK REIT. Stable and regular distribution of at least 90% of the net income accruing from diversified portfolio of real estate and real estate related assets across residential and commercial properties and money market instruments OCCUPANCY GUARANTEE Investment Opportunity in the Nigerian Real Estate Industry This projects presents a viable means of participation in the gains present in the Nigerian real estate industry which has over the years proven to be a very lucrative means of investment for both long and short term objectives of investors. ATTRACTIVE RETURN ON INVESTMENT INVESTMENT OPPORTUNITY IN THE NIGERIAN REAL ESTATE INDUSTRY EXPERIENCED AND CREDIBLE ASSET MANAGERS TRUSTEE COMPANY LIQUIDITY WITH MARKET MAKERS PORTFOLIO DIVERSIFICATION Experienced and Credible Asset Managers and Trustee Company The REIT will be managed by professionals with great care, top skill, prudence and diligence. Rent from the Commercial properties which allows the Fund Manager concentrate on the management of the REIT. Occupancy Guarantee Existing long term leases with tenants. Diverse corporate tenant profile with staggered rental renewal periods which prevents mass vacancy at any one period. Liquidity with Market Maker A Primary Market Maker will be appointed by The Nigerian Stock Exchange to ensure liquidity of the units by facilitating continuous trading of the REIT on The NSE Portfolio Diversification Investing in the REIT allows for diversification of your investment portfolio thereby reducing risks.

9 ASSET VALUATION AND TRANSFER ASSET VALUATION AND TRANSFER VALUES TO THE REIT VALUES TO THE REIT RESIDENTIAL PROPERTY No of Units Age (Years) Net Lettable Area (sq.m) Open Market Value N(million) A Transfer Value to the REIT N (million) Projected Occupancy (%) Rate Year Valuation Arizona Court, (GRA) Ikeja , , Arkansas Court, (GRA) Ikeja , , IKOYI , ,200 1, of COMMERCIALL PROPERTY No of Rooms Age (years) Net Lettable Area Valuation in N (million) A Transfer Value to the REIT N(million) Projected Occupancy Rate (%) Year of Valuation Commercial 1 Opebi Allen, Ikeja , ,200 4, Commercial 2 (GRA) Ikeja ,200 1,385 1, Commercial 3 2floor office and a bungalow 1.8 3,750 1, INVESTMENT OUTLET ASSET TYPE % Real Estate and Real Estate Related Assets 90 Money Market Instruments 10

10 OVERVIEW OF THE OFFER INDICATIVE TERM SHEET THE OFFER METHOD OF OFFER OFFER PRICE 2,600,000,000 units at N5.15 at par in the HMK REIT Offer for subscription N5.15 per unit MINIMUM SUBSCRIPTION 10,000 units and multiples of 2,000 thereafter OFFER SIZE PAYMENT TERMS UTILIZATION OF OFFER PROCEEDS N13,390,000,000 (Thirteen Billion Three Hundred and Ninety Million Naira Only) In full on application The proceeds of the REIT will be applied as consideration for the purchase of the initial assets of the REIT from the Sponsor and the third party agents while the balance will be utilized in investment in other real estate, real estate related assets and money market instruments. OPENING DATE xx, 2014 CLOSING DATE xx, 2014 STATUS DISTRIBUTION RATING The units qualify as securities in which Pension Fund Assets can be invested under the Pension Reform Act, 2004 and securities in which Trustees may invest under the Trustees Investments Act, Cap T22, Laws of the Federation of Nigeria, A minimum of 90% of the income earned in any financial year will be distributed to unit holders every financial year The N13.3b Haldane McCall Real Estate Investment Trust is assigned a BBB rating

11 OVERVIEW OF THE OFFER PARTIES TO THE OFFER FUND MANAGER: FINANCIAL ADVISER / LEAD ISSUING HOUSE: FSDH Asset Management Ltd Goldbanc Management Associates Limited CO-ISSUING HOUSES: TRUSTEE TO THE TRUST: CUSTODIAN: SOLICITORS TO THE TRUSTEE: SOLICITOR TO THE OFFER: REPORTING ACCOUNTANTS: STOCKBROKERS: BGL Capital Ltd Capital Bancorp Plc Greenwich Trust Ltd LeadCapital Plc Planet Capital Ltd SKYE Trustees Ltd UBA Plc (Global Investors Services Division) Austen Peters & Co Detail Commercial Solicitors Akintola Williams Deloitte Afrinvest Securities Ltd Capital Assets Ltd GTI Securities Ltd ICMG Securities Ltd Resort Securities Ltd

12 WHY INVEST IN HMK REIT WHY INVEST IN REITS? While gradual reduction in interest rates in Nigeria is foreseeable and will inevitably lower bond yields, REITs remain a consistently growing security REITs offer steady and consistent returns because the underlying assets are real estate assets which appreciate over time. Inflation and interest rates do not normally impact negatively on REIT assets instead hedges inflations. REITs offer mandatory dividend distribution of at least 90% of annual net income REITs offer opportunity for Investment portfolio diversification which reduces risk Double taxation is avoided in REITs as REITs are pass-through vehicles REIT s are listed on The Nigerian Stock Exchange (NSE) and trade like stocks. WHY INVEST IN HMK REITS? Access to first class properties in prime areas at discounted prices. Rent from the Commercial properties which allows the Fund Manager concentrate on the management of the REIT. Diverse corporate tenant profile with staggered rental renewal periods which prevents mass vacancy at any one period. Existing long term leases with tenants. A Primary Market Maker will be appointed by The Nigerian Stock Exchange to ensure liquidity of the units by facilitating continuous trading of the REIT on The NSE Investing in the REIT allows for diversification of your investment portfolio thereby reducing risks Bank guarantee of part of the projected rental income The REIT will be managed by professionals with great care, top skill, prudence and diligence. Access to the experience of professionals of diverse skills and indepth knowledge in real estate investment and operations that make up the Investment Committee. Deposit of pre-executed agreements (Deed of Assignments, Deed of declaration of Trust) with the Custodian by the Sponsor prior to the offer. The REIT is transparently structured and backed by reputable organizations including FSDH Asset Management Company, Skye Trustees, UBA Plc (Global Investor Services Division), Leadway Assurance etc Stable and regular distribution of at least 90% of the net income accruing from diversified portfolio of real estate and real estate related assets across residential and commercial properties and money market instruments.

13 »Thank you

REAL ESTATE INVESTMENT TRUSTS (REITs)

REAL ESTATE INVESTMENT TRUSTS (REITs) UNDERSTANDING REAL ESTATE INVESTMENT TRUSTS (REITs) www.griffincapital.com KEY TERMS for ASSESSING REITS NET LEASE TRIPLE NET LEASE ABSOLUTE NET LEASE GAAP STRAIGHT-LINING FUNDS FROM OPERATIONS (FFO) MODIFIED

More information

Mutual Funds In Nigeria: 1. A Report on the Different Mutual Funds in Nigeria. Prepared by Leye Ajibola www.naijalowa.com

Mutual Funds In Nigeria: 1. A Report on the Different Mutual Funds in Nigeria. Prepared by Leye Ajibola www.naijalowa.com Mutual Funds In Nigeria: 1 A Report on the Different Mutual Funds in Nigeria Prepared by Leye Ajibola www.naijalowa.com August 14, 2008 Mutual Funds In Nigeria: 2 Summary In recent years, there has been

More information

Private Market Real Estate Investment Options for Defined Contribution

Private Market Real Estate Investment Options for Defined Contribution Private Market Real Estate Investment Options for Defined Contribution New and Improved Solutions November 2014 Risk. Reinsurance. Human Resources. Executive Summary Investment vehicles using private real

More information

CENTRAL SECURITIES CLEARING SYSTEM PLC. CSCS: from West Africa to the rest of the world. Recommendation: BUY

CENTRAL SECURITIES CLEARING SYSTEM PLC. CSCS: from West Africa to the rest of the world. Recommendation: BUY CENTRAL SECURITIES CLEARING SYSTEM PLC NASD EQUITY NIGERIA FINANCIAL SERVICES CSCS: from West Africa to the rest of the world INVESTMENT HIGHLIGHT HALF YEAR 2015: Growing Revenue and Bottom-Line Amidst

More information

Understanding Irish Real Estate Investment Trusts. For Financial Advisor Use Only

Understanding Irish Real Estate Investment Trusts. For Financial Advisor Use Only Understanding Irish Real Estate Investment Trusts For Financial Advisor Use Only What is a Real Estate Investment Trust (REIT)? A REIT is a public listed company which has as its main activity the ownership

More information

Mutual Funds in Pakistan

Mutual Funds in Pakistan Mutual Funds in Pakistan Investors Education Seminar arranged by SECP and ICAP held on 29th January 2015 Presented By First Capital Investments Limited Definition of Mutual Fund A mutual fund is a collective

More information

What can property offer an institutional investor?

What can property offer an institutional investor? What can property offer an institutional investor? UK property investment briefing (Paper 1) 27 January 2014 Contents 1. A relatively high and stable income return.... 3 2. Volatility... 4 3. Diversification

More information

Understanding Mutual Funds

Understanding Mutual Funds Understanding Mutual Funds 1) Mutual Fund Definition A mutual fund is a company that pools investors' money and invests on behalf of the investors. You can think of a mutual fund as a company that raises

More information

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED This document is issued by Standard Life Investments Property Income Trust Limited (the "Company") and is made available by Standard Life Investments (Corporate Funds) Limited (the AIFM ) solely in order

More information

Real Estate Terminology

Real Estate Terminology Real Estate Terminology Types of Legal Entities Limited Liability Company LLC - A corporate structure whereby the shareholders of the company have a limited liability to the company's actions. Basically,

More information

Investment Companies

Investment Companies Mutual Funds Mutual Funds Investment companies Financial intermediaries that collect funds form individual investors and invest those funds in a potentially wide rande of securities or other asstes Polling

More information

Putnam Stable Value Fund

Putnam Stable Value Fund Putnam Stable Value Fund Offering Statement 3 15 16 Goal 2 What is Putnam Stable Value Fund? 2 Investment strategy 2 Risks of the Fund 5 Eligibility 6 Fund provisions 7 Fees and Expenses 9 Putnam Fiduciary

More information

Master Limited Partnerships (MLPs):

Master Limited Partnerships (MLPs): Master Limited Partnerships (MLPs): Frequently Asked Questions Yorkville Capital Management LLC www.yorkvillecapital.com 950 Third Avenue, 23 rd Floor New York, NY 10022 (212) 755-1970 Table of Contents

More information

Analyst meeting Full year results. Rotterdam 15 February 2013

Analyst meeting Full year results. Rotterdam 15 February 2013 Analyst meeting Full year results Rotterdam 15 February 2013 Portfolio & Strategy Focus on Netherlands and Belgium Exit strategy Switzerland; 70% assets sold; sale of 2 remaining assets ongoing High Yield

More information

EDISTON PROPERTY INVESTMENT COMPANY PLC

EDISTON PROPERTY INVESTMENT COMPANY PLC E095\001\EH5977615.4 This document is issued by Ediston Investment Services Limited as alternative investment fund manager of Ediston Property Investment Company plc (the "Company") solely in order to

More information

Sample Investment Policy. Introduction

Sample Investment Policy. Introduction Sample Investment Policy Introduction This statement of investment policy was adopted by the Board of Directors of Organization Name on Date, to provide for the creation of, and guidelines for the management

More information

Important Information about Real Estate Investment Trusts (REITs)

Important Information about Real Estate Investment Trusts (REITs) Robert W. Baird & Co. Incorporated Important Information about Real Estate Investment Trusts (REITs) Baird has prepared this document to help you understand the characteristics and risks associated with

More information

EUROCASTLE INVESTMENT LIMITED. 2011 Investor Presentation

EUROCASTLE INVESTMENT LIMITED. 2011 Investor Presentation EUROCASTLE INVESTMENT LIMITED 2011 Investor Presentation Forward Looking Statements This release contains statements that constitute forward-looking statements. Such forward-looking statements may relate

More information

Rating Methodology. Alternative Investment Funds Open-Ended Real Estate Funds. June 2016. Contact

Rating Methodology. Alternative Investment Funds Open-Ended Real Estate Funds. June 2016. Contact Alternative Investment Funds Open-Ended Real Estate Funds June 2016 Contact Sonja Knorr Director +49 (0)30 27891-141 s.knorr@scopeanalysis.com Purpose of Document This document explains the methodology

More information

AMP NZ Office Trust operating profit up 8.4 percent for first quarter

AMP NZ Office Trust operating profit up 8.4 percent for first quarter News release AMP NZ Office Trust operating profit up 8.4 percent for first quarter New Zealand s largest listed investor in prime commercial office property, AMP NZ Office Trust (ANZO), has reported an

More information

Investment Bond. Funds key features. This is an important document. Please keep it safe for future reference.

Investment Bond. Funds key features. This is an important document. Please keep it safe for future reference. Investment Bond Funds key features. This is an important document. Please keep it safe for future reference. 2 WHAT ARE THE FUNDS KEY FEATURES? This document is part of the information we provide you to

More information

MERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES

MERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES MERCHANT NAVY OFFICERS PENSION FUND STATEMENT OF INVESTMENT PRINCIPLES Introduction The main purpose of the MNOPF is the provision of pensions for Officers in the British Merchant Navy on retirement at

More information

PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1

PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1 PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1 The unit investment trusts named above (the Portfolios

More information

Investment Management Services. Botswana

Investment Management Services. Botswana Investment Management Services Botswana 01 STANLIB Investment Management Services 02 STANLIB Botswana Money Market Fund 03 STANLIB Botswana Managed Prudential Fund 04 STANLIB Botswana Equity Fund 05 General

More information

Mutual Funds and Other Investment Companies

Mutual Funds and Other Investment Companies Mutual Funds and Other Investment Companies Investment Companies Pool funds of individual investors and invest in a wide range of securities or other assets. pooling of assets Provide several functions

More information

Section N: Cambridge University Endowment Fund: Reports and financial statements to 30 June 2013. Cambridge University Endowment Fund

Section N: Cambridge University Endowment Fund: Reports and financial statements to 30 June 2013. Cambridge University Endowment Fund Section N: Cambridge University Endowment Fund: Reports and financial statements to 30 June 2013 Cambridge University Endowment Fund Reports and financial statements 30 June 2013 IMPORTANT NOTICE The Cambridge

More information

Deutsche Wohnen AG.» Investor Presentation. September 2010

Deutsche Wohnen AG.» Investor Presentation. September 2010 Deutsche Wohnen AG» Investor Presentation September 21 1 » Agenda 1 2 3 4 Introduction to Deutsche Wohnen Portfolio Overview and Operations Financial Highlights Guidance and Strategic Objectives 2 » 1

More information

Schroder International Choice Portfolio - Schroder Global High Yield Fund (the Fund )

Schroder International Choice Portfolio - Schroder Global High Yield Fund (the Fund ) This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus¹. It is important to read the Prospectus before deciding

More information

Self Managed Superannuation Funds

Self Managed Superannuation Funds Self Managed Superannuation Funds You have as much choice and control over an investment property using your superannuation funds as you would by investing personally Self Managed Superannuation Funds

More information

PREMIER PORTFOLIO MANAGEMENT SERVICE INVESTOR GUIDE FOR CLIENTS OF PROFESSIONAL FINANCIAL ADVISERS ONLY

PREMIER PORTFOLIO MANAGEMENT SERVICE INVESTOR GUIDE FOR CLIENTS OF PROFESSIONAL FINANCIAL ADVISERS ONLY PREMIER PORTFOLIO MANAGEMENT SERVICE INVESTOR GUIDE FOR CLIENTS OF PROFESSIONAL FINANCIAL ADVISERS ONLY 2 Premier Portfolio Management Service Investor Guide WELCOME Neil Birrell Chief Investment Officer

More information

National Margin Lending. Make your investment portfolio work for you

National Margin Lending. Make your investment portfolio work for you National Margin Lending Make your investment portfolio work for you Contents What is Margin Lending? 3 Why choose National Margin lending? 5 Why gear? 6 How much can you borrow with National Margin Lending?

More information

AIMS AMP Capital Industrial REIT s 3QFY2010 1 financial results

AIMS AMP Capital Industrial REIT s 3QFY2010 1 financial results AIMS AMP CAPITAL INDUSTRIAL REIT MANAGEMENT LIMITED (formerly known as MacarthurCook Investment Managers (Asia) Limited) As Manager of AIMS AMP Capital Industrial REIT (formerly known as MacarthurCook

More information

African Bond Market Conference November 7 8, 2011 Nairobi, Kenya

African Bond Market Conference November 7 8, 2011 Nairobi, Kenya African Bond Market Conference November 7 8, 2011 Nairobi, Kenya Credit Ratings: Opportunities and Challenges The Nigerian Experience Vivien Shobo Chief Executive Officer, Agusto & Co Limited Agenda Introduction

More information

Investing in Property through your Self-Managed

Investing in Property through your Self-Managed smsfinstitute.com.au The SMSF Guide Book Investing in Property through your Self-Managed Benefits & complexities of adding property to your Superannuation investment portfolio! The General Advice The contents

More information

Initial Public Offering. Are you ready to float?

Initial Public Offering. Are you ready to float? Initial Public Offering Are you ready to float? What is an IPO? Are you considering listing your company on a stock exchange? In recent times, the phrases listing and floating have been replaced with an

More information

Why might charities invest in commercial property?

Why might charities invest in commercial property? Why might charities invest in commercial property? James Lloyd Business Development Director Sarah Bate Director of Research and Investment Strategy Agenda Today s investment landscape the case for investing

More information

Investment Strategies

Investment Strategies Investment Strategies Private Market Real Estate Investment Options for Defined Contribution Plans: New and Improved Solutions Catherine Polleys Partner Aon Hewitt Investment Consulting, Inc. Jani Venter

More information

Enhanced Money Market Funds Reporting

Enhanced Money Market Funds Reporting January 20, 2016 Enhanced Money Market Funds Reporting Schwab Money Funds are making important changes to their reporting features to comply with the new Securities and Exchange (SEC) regulations. More

More information

Developers/Builders Have an EDGE over your competitors with the EDGE 2 or 5 Year Rental Income Guarantee

Developers/Builders Have an EDGE over your competitors with the EDGE 2 or 5 Year Rental Income Guarantee INTRODUCING THE EDGE 2 or 5 Year Independent Rental Income Guarantee Developers/Builders Have an EDGE over your competitors with the EDGE 2 or 5 Year Rental Income Guarantee V10 Developer Builder Edition

More information

MACOMB COUNTY, MICHIGAN Notes to Basic Financial Statements December 31, 2014

MACOMB COUNTY, MICHIGAN Notes to Basic Financial Statements December 31, 2014 Notes to Basic Financial Statements Note 8 Employees Retirement System Plan Description and Provision The County sponsors the Macomb County Employees Retirement System (the System ), a single employer

More information

NATIONAL PENSIONS REGULATORY AUTHORITY

NATIONAL PENSIONS REGULATORY AUTHORITY NATIONAL PENSIONS REGULATORY AUTHORITY /GD/INV/01/11 GUIDELINES ON INVESTMENT OF PENSION SCHEME FUNDS CONTENTS 1. INTRODUCTION 2. DEFINITIONS 3. RESTRICTED INVESTMENTS 4. PERMISSIBLE INVESTMENTS 5. COLLECTIVE

More information

ING OFFICE FUND Acquisition of Bastion Tower, Brussels and Institutional Placement of $70.0m

ING OFFICE FUND Acquisition of Bastion Tower, Brussels and Institutional Placement of $70.0m ING OFFICE FUND Acquisition of Bastion Tower, Brussels and Institutional Placement of $70.0m 1 November 2007 0 DISCLAIMER NOT FOR DISTRIBUTION OR RELEASE IN THE UNITES STATES OR TO U.S. PERSONS This presentation

More information

MASTER LIMITED PARTNERSHIPS

MASTER LIMITED PARTNERSHIPS MASTER LIMITED PARTNERSHIPS An Overview November 2015 # DISCLOSURE Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable

More information

Managed Funds Series

Managed Funds Series Managed Funds Series Namibia s Unit Trust Market Leader 2 - Managed Funds Index 4 Introduction Fund Categories 5 Asset Classes 6 Portfolio Construction 7 Investment Approach 8 Investment Process 9 Our

More information

Good Practice Checklist

Good Practice Checklist Investment Governance Good Practice Checklist Governance Structure 1. Existence of critical decision-making bodies e.g. Board of Directors, Investment Committee, In-House Investment Team, External Investment

More information

The Investor s Guide to REITs

The Investor s Guide to REITs by NAREIT Contents: p2. REIT Basics p2. REITs in the S&P Indexes p3. Fundamentals of REITs p4. Returns Delivered by REITs p4. Characteristics of REIT Investment p6. REIT Valuation p6. Benefits of Real

More information

6.50.060 MOA Trust Fund

6.50.060 MOA Trust Fund 6.50.060 MOA Trust Fund A. Definitions. In this section, unless the context clearly indicates otherwise: Annual earnings means the amount of interest, dividends, and realized gains and losses from investment

More information

EQUITY INVESTMENT IN REAL ESTATE THROUGH LISTED REITS

EQUITY INVESTMENT IN REAL ESTATE THROUGH LISTED REITS Your Fund s Real Estate Investments: Approaches for Today s Market and a Better Tomorrow EQUITY INVESTMENT IN REAL ESTATE THROUGH LISTED REITS National Association of Real Estate Investment Trusts REITs:

More information

Your life your fund REI Super Investment Guide

Your life your fund REI Super Investment Guide Your life your fund REI Super Investment Guide 1 July 2016 CONTENTS 1. Choosing an investment that s right for you: Balancing risk and return > Your risk profile > Where your super s invested 2. Introducing

More information

Update. SEBI introduces REIT in India- issues draft SEBI (Real Estate Investment Trusts) Regulations, 2013. CS Vinita Nair vinita@vinodkothari.

Update. SEBI introduces REIT in India- issues draft SEBI (Real Estate Investment Trusts) Regulations, 2013. CS Vinita Nair vinita@vinodkothari. SEBI introduces REIT in India- issues draft SEBI (Real Estate CS Vinita Nair vinita@vinodkothari.com Date: October 16, 2013 Check at: http://india-financing.com/staff-publications.html for more write ups.

More information

Introducing CrowdLords for LandLords. Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors

Introducing CrowdLords for LandLords. Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors Introducing CrowdLords for LandLords Crowdfunding for the Buy-to-let market - directly connecting LandLords and Investors What is Crowdfunding? Crowdfunding is the concept of using a combination of several

More information

Your Investment Decisions

Your Investment Decisions FACT SHEET FOR PRIVATE COMMITTEES Your Investment Decisions As a Private Committee who is managing the financial affairs of an adult who has been declared incapable, you will need to keep a reasonable

More information

Solutions Platform & Due Diligence Executing from the foundation of strategic asset allocation

Solutions Platform & Due Diligence Executing from the foundation of strategic asset allocation Solutions Platform & Due Diligence Executing from the foundation of strategic asset allocation We emphasize a thorough, disciplined process designed to identify and monitor what we believe to be the best

More information

asset classes Understanding Equities Property Bonds Cash

asset classes Understanding Equities Property Bonds Cash NEWSLETTER Understanding asset classes High return Property FIND OUT MORE Equities FIND OUT MORE Bonds FIND OUT MORE Cash FIND OUT MORE Low risk High risk Asset classes are building blocks of any investment.

More information

A Guide to the Dubai International Financial Centre s Fund Regime

A Guide to the Dubai International Financial Centre s Fund Regime A Guide to the Dubai International Financial Centre s Fund Regime Over the last 10 years the Dubai International Financial Centre ( DIFC ) has reviewed and enhanced its Funds regime with the most recent

More information

INVESTMENT POLICY. Wharton County Junior College Endowment Fund PURPOSE

INVESTMENT POLICY. Wharton County Junior College Endowment Fund PURPOSE Endowment Fund INVESTMENT POLICY PURPOSE This document is the official policy governing the investment practices of the Wharton County Junior College Endowment Fund (the WCJCEF or Endowment ). The policies

More information

Kansas City 4Life Insurance Company

Kansas City 4Life Insurance Company Kansas City 4Life Insurance Company 2009 Fourth Quarter Report Includes our subsidiaries: Sunset Life Insurance Company of America Old American Insurance Company Sunset Financial Services, Inc. Post Office

More information

GNL. Global Net Lease 3Q 2015 REPORT GLOBAL NET LEASE SHAREHOLDER COMMUNICATION - NOT FOR USE AS SALES MATERIAL

GNL. Global Net Lease 3Q 2015 REPORT GLOBAL NET LEASE SHAREHOLDER COMMUNICATION - NOT FOR USE AS SALES MATERIAL GNL 3Q 2015 REPORT Global Net Lease GNL Diversified portfolio with strong operating performance Third quarter results for 2015 demonstrate continued strong performance of our best in class portfolio. Net

More information

GUIDANCE NOTE - SMSFS & PROPERTY

GUIDANCE NOTE - SMSFS & PROPERTY GUIDANCE NOTE - SMSFS & PROPERTY GUIDANCE FOR CPA AUSTRALIA PUBLIC PRACTITIONERS FINANCIAL ADVISORY SERVICES The decision to establish a self-managed super fund (SMSF) requires careful consideration. While

More information

A Guide to Property Investment Options

A Guide to Property Investment Options A Guide to Property Investment Options Background The UK property market is still in favour with both UK and International investors, with London being targeted in particular. Annual investment in UK property

More information

The Scottish Investment Trust PLC

The Scottish Investment Trust PLC The Scottish Investment Trust PLC INVESTOR DISCLOSURE DOCUMENT This document is issued by SIT Savings Limited (the Manager ) as alternative investment fund manager for The Scottish Investment Trust PLC

More information

Commercial Real Estate Investment: Opportunities for Income Generation in Today s Environment

Commercial Real Estate Investment: Opportunities for Income Generation in Today s Environment Commercial Real Estate Investment: Opportunities for Income Generation in Today s Environment Prepared by Keith H. Reep, CCIM Real Estate Investment Consultant In this white paper 1 Advantages of investing

More information

How to Interview a Property Manager

How to Interview a Property Manager How to Interview a Property Manager Dear Rental Property Owner / Professional Investor ~ Congratulations on your decision to hire a professional property manager. You are making the right decision one

More information

SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY16 RESULTS

SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY16 RESULTS ASX / MEDIA ANNOUNCEMENT 8 February 2016 SCA PROPERTY GROUP ANNOUNCES FIRST HALF FY16 RESULTS SCA Property Group (ASX: SCP) ( SCP or the Group ) is pleased to announce its results for the six months ended

More information

2ND ANNUAL GENERAL MEETING

2ND ANNUAL GENERAL MEETING European Company - investing in the emerging market Africa. 2ND ANNUAL GENERAL MEETING 13th September 2013 Westin Grand Frankfurt konrad-adenauer-strasse 7, 60313 frankfurt/m., Deutschland, Germany. CONTENT

More information

Cash Investments MORE: Multiple Owner Real Estate

Cash Investments MORE: Multiple Owner Real Estate Private Capital Corporation Inland Private Capital Corporation Cash Investments MORE: Multiple Owner Real Estate www.inland-investments.com Inland Private Capital Corporation 415 properties in 44 states

More information

Investing Practice Questions

Investing Practice Questions Investing Practice Questions 1) When interest is calculated only on the principal amount of the investment, it is known as: a) straight interest b) simple interest c) compound interest d) calculated interest

More information

an OmniArch Investment Opportunity FIXED INCOME BOND

an OmniArch Investment Opportunity FIXED INCOME BOND an OmniArch Investment Opportunity FIXED INCOME BOND A OmniArch is an alternative investment firm dedicated to developing and providing investment opportunities rooted in real estate, media and asset backed

More information

ACQUISITION OF THE OFFICE TOWER AT 77 KING STREET, SYDNEY, AUSTRALIA

ACQUISITION OF THE OFFICE TOWER AT 77 KING STREET, SYDNEY, AUSTRALIA (Constituted in the Republic of Singapore pursuant to a trust deed dated 28 November 2005 (as amended)) ACQUISITION OF THE OFFICE TOWER AT 77 KING STREET, SYDNEY, AUSTRALIA 1. INTRODUCTION The Board of

More information

COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. INVESTMENT GUIDELINES FOR MONEY MARKET POOL

COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. INVESTMENT GUIDELINES FOR MONEY MARKET POOL INVESTMENT GUIDELINES FOR MONEY MARKET POOL discretionary Money Market Pool is expected to pursue their stated investment strategy and follow the investment guidelines and objectives set forth herein.

More information

Sponda Financial Results Q3 2015. 3 November 2015

Sponda Financial Results Q3 2015. 3 November 2015 Sponda Financial Results Q3 2015 3 November 2015 1. Highlights for the Period Kari Inkinen 2. Strategy Implementation Pia Arrhenius 3. Business environment and Business Update Kari Inkinen 4. Financials

More information

TD Ameritrade Trust Company Collective Investment Funds for Employee Benefit Plans Retire Funds. Financial Reports May 31, 2015

TD Ameritrade Trust Company Collective Investment Funds for Employee Benefit Plans Retire Funds. Financial Reports May 31, 2015 TD Ameritrade Trust Company Collective Investment Funds for Employee Benefit Plans Financial Reports May 31, 2015 Contents Independent Auditor s Report 1-2 Financial Statements Statements of Financial

More information

LEGAL & GENERAL (UNIT TRUST MANAGERS) LIMITED A GUIDE TO INVESTING IN A JUNIOR ISA WITH US.

LEGAL & GENERAL (UNIT TRUST MANAGERS) LIMITED A GUIDE TO INVESTING IN A JUNIOR ISA WITH US. LEGAL & GENERAL (UNIT TRUST MANAGERS) LIMITED A GUIDE TO INVESTING IN A JUNIOR ISA WITH US. The complete picture This document gives you general information about investing in a Junior ISA with us. You

More information

Schroder International Opportunities Portfolio - Schroder Asian Income (the Fund )

Schroder International Opportunities Portfolio - Schroder Asian Income (the Fund ) This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Prospectus¹. It is important to read the Prospectus before deciding

More information

EEA Life Settlements Fund

EEA Life Settlements Fund EEA Life Settlements Fund An Absolute Return, Historically Uncorrelated Investment Solution This document is being directed only at persons who are professional clients or eligible counterparties for the

More information

insurance companies pension funds building societies

insurance companies pension funds building societies 1. Depository institutions - BANKS commercial banks credit unions savings and loan associations 2. Contractual savings institutions insurance companies pension funds building societies 3. Investment intermediaries

More information

master of SCienCe in Wealth management

master of SCienCe in Wealth management Master of Science in Wealth Management The Master of Science in Wealth Management is jointly offered by the Wealth Management Institute (WMI), Singapore Management University () and Swiss Finance Institute

More information

Virginia College Savings Plan Statement of Investment Policy and Guidelines For. Virginia529 prepaid SM

Virginia College Savings Plan Statement of Investment Policy and Guidelines For. Virginia529 prepaid SM Virginia College Savings Plan Statement of Investment Policy and Guidelines For Virginia529 prepaid SM TABLE OF CONTENTS I. Purpose & Responsibilities... 1 II. Asset Allocation and Rebalancing... 2 III.

More information

Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies.

Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies. INSTITUTIONAL TRUST & CUSTODY Asset Management Portfolio Solutions Disciplined Process. Customized Approach. Risk-Based Strategies. As one of the fastest growing investment managers in the nation, U.S.

More information

NATIONAL PENSION COMMISSION

NATIONAL PENSION COMMISSION NATIONAL PENSION COMMISSION REGULATION ON INVESTMENT OF PENSION FUND ASSETS National Pension Commission Page 1 of 15 REGULATION ON INVESTMENT OF PENSION FUND ASSETS 1. INSTITUTIONAL FRAMEWORK 2. AUTHORISED

More information

KAKAWA GUARANTEED INCOME FUND

KAKAWA GUARANTEED INCOME FUND Table of Contents Page 1 ABRIDGED TIMETABLE... 4 2 DEFINITION OF TERMS... 5 3 SUMMARY OF THE OFFER... 7 4 MANAGER, TRUSTEE AND OTHER PARTIES TO THE OFFER... 9 5 THE OFFER...10 6 THE... 11 6.1 THE FUND...

More information

Self Managed Super Fund (SMSF) Limited Recourse Loans

Self Managed Super Fund (SMSF) Limited Recourse Loans Self Managed Super Fund (SMSF) Limited Recourse Loans Memorandum Ever since the Superannuation Industry (Supervision) Act 1993 (SIS Act) was amended in late 2007, SMSF Lending has been arranging Super

More information

Real Estate in the Real Economy

Real Estate in the Real Economy Real Estate in the Real Economy Supporting growth, jobs and sustainability Real estate, as a general term, describes the built environment, which plays a vital role in every aspect of the European economy,

More information

SELF STORAGE INVESTMENTS WWW.LDAG.NET +44 (0) 871 218 0888 INFO@LDAG.NET +41 417 201 555

SELF STORAGE INVESTMENTS WWW.LDAG.NET +44 (0) 871 218 0888 INFO@LDAG.NET +41 417 201 555 SELF STORAGE INVESTMENTS INTRODUCTION We would like to introduce the first affordable self storage commercial property investment to be released into the UK. An opportunity to invest in a self storage

More information

Business Succession Planning With ESOPs

Business Succession Planning With ESOPs acumen insight Business Succession Planning With ESOPs Presented by Alan Taylor, CPA Partner ideas attention reach expertise depth agility talent Disclaimer Information contained herein is of a general

More information

Amended as of June 23, 2015

Amended as of June 23, 2015 THE WALLACE FOUNDATION INVESTMENT POLICY Amended as of June 23, 2015 1. INVESTMENT GOAL The investment goal of The Wallace Foundation (the Foundation) is to earn a total return that will provide a steady

More information

ANNUITIES VARIABLE. MetLife Retirement Perspectives. asset allocation questionnaire

ANNUITIES VARIABLE. MetLife Retirement Perspectives. asset allocation questionnaire LINE BAN ANNUITIES VARIABLE MetLife Retirement Perspectives asset allocation questionnaire Asset Allocation Questionnaire The following questions will enable you to determine your time horizon and risk

More information

How Property/Casualty Insurance Companies Invest Premium Dollars

How Property/Casualty Insurance Companies Invest Premium Dollars How Property/Casualty Insurance Companies Invest Premium Dollars OVERVIEW Every day, property/casualty insurers enable our economy to function by helping individuals and businesses address the various

More information

Self-Direct Your Retirement with Real Estate!

Self-Direct Your Retirement with Real Estate! Self-Direct Your Retirement with Real Estate! Brought to you by: Presented By: Michael McNair Trust Officer IRA Services Trust Company Silicon Valley REIG Webinar Tuesday, March 5, 2013 DISCLAIMER This

More information

Statement of Investment Policy. Alabama College Education Savings Program (ACES) Trust Fund. The CollegeCounts 529 Fund

Statement of Investment Policy. Alabama College Education Savings Program (ACES) Trust Fund. The CollegeCounts 529 Fund Statement of Investment Policy Alabama College Education Savings Program (ACES) Trust Fund The CollegeCounts 529 Fund Approved by the Board of Directors November 19, 2014 1 Authority and Purpose The Alabama

More information

Note) Comprehensive Income: FY Ended March, 2011: 363 million (-%) FY Ended March, 2010: (3,712) million (-%)

Note) Comprehensive Income: FY Ended March, 2011: 363 million (-%) FY Ended March, 2010: (3,712) million (-%) Consolidated Financial Results For the Fiscal Year Ended March 31, 2011 (Based on Japanese GAAP) (Translation of Japanese Flash Report, Released on May 13, 2011) Company name: Sun Frontier Fudousan Co.,

More information

ORBIS SICAV ORBIS SICAV. Introductory ORBIS BOOKLET GLOBAL BALANCED FUND

ORBIS SICAV ORBIS SICAV. Introductory ORBIS BOOKLET GLOBAL BALANCED FUND ORBIS SICAV ORBIS SICAV Introductory BOOKLET ORBIS GLOBAL BALANCED FUND ORBIS SICAV Société d Investissement à Capital Variable, R.C.S. Luxembourg B 90 049 Registered Office Orbis SICAV 31, Z.A. Bourmicht

More information

The Master Statement of Investment Policies and Objectives of The Lower Colorado River Authority Retirement Plan and Trust. Amended June 16, 2015

The Master Statement of Investment Policies and Objectives of The Lower Colorado River Authority Retirement Plan and Trust. Amended June 16, 2015 The Master Statement of Investment Policies and Objectives of The Lower Colorado River Authority Retirement Plan and Trust Amended June 16, 2015 Introduction The Lower Colorado River Authority ( LCRA )

More information

TIME:EIS. Targeting asset backed investments

TIME:EIS. Targeting asset backed investments Targeting asset backed investments Contents Welcome to TIME 3 The Enterprise Investment Scheme 4 Introducing TIME:EIS 5 Our EIS Team 6 Risks 7 About TIME Investments 8 Fees 9 Time for action 10 Important

More information

INVESTMENT PROPERTY RECORD BOOK FOR LANDLORDS

INVESTMENT PROPERTY RECORD BOOK FOR LANDLORDS FOR LANDLORDS 1. INTRODUCTION TABLE OF CONTENTS 2. INFORMATION GUIDE FOR LOG 3. PROPERTY DETAILS AND CONTACTS PROPERTY ADDRESS MANAGING AGENT BODY CORPORATE TENANTS SOLICITOR ACCOUNTANT FINANCIER INSURANCE

More information

Singapore-listed REITs

Singapore-listed REITs Singapore-listed REITs Real Estate Investment Trusts (REITs) invest in various types of property assets. First introduced in 2002, these are relatively novel financial instruments. REITs distribute at

More information

Zurich International Portfolio Bond. Confirming and protecting your identity

Zurich International Portfolio Bond. Confirming and protecting your identity Zurich International Portfolio Bond Confirming and protecting your identity When do we need to confirm your identity? If we don t already have proof of identity, we have to ask for verification when: a

More information

PORTFOLIO PLUS SELF INVESTED PERSONAL PENSION (COFUNDS) (CP) TERMS SHEET.

PORTFOLIO PLUS SELF INVESTED PERSONAL PENSION (COFUNDS) (CP) TERMS SHEET. PORTFOLIO PLUS SELF INVESTED PERSONAL PENSION (COFUNDS) (CP) TERMS SHEET. This is an important document which you should keep in a safe place. 2 TERMS SHEET. This document details charges applicable to

More information

STATE OF NEW YORK MORTGAGE AGENCY MORTGAGE INSURANCE FUND NEW YORK STATE HOUSING FINANCE AGENCY NYHOMES CONSTRUCTION LOAN FINANCING PROGRAM

STATE OF NEW YORK MORTGAGE AGENCY MORTGAGE INSURANCE FUND NEW YORK STATE HOUSING FINANCE AGENCY NYHOMES CONSTRUCTION LOAN FINANCING PROGRAM STATE OF NEW YORK MORTGAGE AGENCY MORTGAGE INSURANCE FUND NEW YORK STATE HOUSING FINANCE AGENCY NYHOMES CONSTRUCTION LOAN FINANCING PROGRAM NYHOMES CONSTRUCTION LOAN FINANCING PROGRAM The State of New

More information

Value Investment Portfolio

Value Investment Portfolio Investment Management Value Investment Portfolio A discretionary managed service with an overall aim of medium to long-term creation and preservation of wealth Value Investment Portfolio About Redmayne-Bentley

More information