Honeycomb Investment Trust aims to provide its shareholders with an attractive level of dividend income (targeting an 8% yield once it is fully invested and gearing is in place) and capital growth through the acquisition of interests in loans made to consumers, small businesses and other counterparties, together with related investments (“Credit Assets”), in specialist lending market segments which are underserved by mainstream lenders.
Honeycomb will seek to enhance returns for Shareholders through selected investments in companies which are aligned with its strategy, such as brokers and originators of loans to consumers and small businesses and strategic providers of data related to consumers and small and medium enterprises. Honeycomb will invest a maximum of 10% of the net proceeds of the Placing (and 10% of the net proceeds of any further share issue) in these assets.
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