Overview

Tufton Oceanic Assets aims to provide investors with an attractive level of regular and growing income and capital returns through investing in a diversified portfolio of secondhand commercial sea-going vessels. The company will make investments through one or more underlying SPVs.

The company is targeting an initial dividend yield of 5% during the first 12 months following admission rising to a target dividend yield of 7% thereafter. The dividend is expected to grow modestly over the long term. The company will target an IRR of 12% per annum (net of expenses and fees) on a NAV basis on the issue price over the long term.

You can access the fund’s website here

Fundamentals

Ticker
SHIP
Exchange
XLON
Domicile
GGY
Sector
Financial Services
Market Capitalisation (M)
345
Share Price (USD)
1.275

Price

Research History

News

Data