2nd Jul 2021 16:40
Chenavari Toro Income Fund Ltd - invests in asset-backed securities - Net asset value per share total return for six months to end of March 12%, and share price return 19%. NAV per share stands at 72.06 cents at end of March compared with 69.17 cents at end of the September. "The continuous exit of non-core strategies and rebalancing towards core strategies should allow us to generate above 10% annual gross return on NAV, and maintain distribution of at least the enhanced dividend strategy, ie 2.5% of NAV per quarter, which represents over 12.5% per annum on current the share price," firm says.
Current stock price: EUR0.53
Year-to-date change: down 3.6%
By Lucy Heming;Â [email protected]
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