ICG-Longbow Senior Secured-UK Property Debt Investments Limited GBP · LSE:LBOW
ICG-Longbow Senior Secured-UK Property Debt Investments Limited GBP — ICG-Longbow Senior Secured UK Property Debt Investments — Fact Sheet (April 2022)
8 slides from ICG-Longbow Senior Secured-UK Property Debt Investments Limited GBP's fact sheet, Apr 30, 2022
Slide 1: Senior Secured UK Property Debt Investments Ltd Fact Sheet
Senior Secured UK Property Debt Investments Ltd Fact Sheet As at 30th April 2022
Slide 2: Investment Objective
Investment Objective On 3rd November 2020, the Board announced that it had decided to recommend to shareholders that the investment objective and policy of the Company are amended so that the Board can pursue a strategy of orderly realisation and the return of capital over time to shareholders. This
Slide 3: Summary
3 Summary Fund facts Fund launch: 5 February 2013 Fund type: Closed ended investment company Investment Manager: ICG Alternative Investment Ltd Domicile: Guernsey Base currency: GBP Listing: London Stock Exchange Issued shares: 121.30 million ISIN code: GG00B8C23S81 Investment Management fee: 1.0% L
Slide 4: Investment Portfolio as at 30 April 2022
Investment Portfolio as at 30 April 2022 Unexp. Day 1 Day 1 Balance Balance Current term balance LTV outstanding (1, 2) undrawn LTV Project Region Sector Term start (years) (£m) (%) (£m) (£m) (%) Affinity South West Office Mar-18 0.04 14.20 67.3 17.30 0.00 68.4 Southport North West Hotel Feb-19 0.96
Slide 5: Investment Manager's Commentary
5 Investment Manager’s Commentary Summary At 30 April 2022 the investment portfolio comprised five loans. As at Quarter end or during the period: • The Quattro loan repaid in full, with total capital repaid of £6.0 million • Resulting reduction in the par value of the loan portfolio to £74.7 million
Slide 6: Portfolio statistics and Market Commentary
Portfolio Portfolio statistics 30 April 2022 31 January 2022 Number of loan investments 5 6 Aggregate principal advanced 1 £74,684,723 £80,543,427 Weighted average LTV 67.3% 67.8% Weighted average interest coupon 7.34% 7.39% Weighted average unexpired loan term 0.80 years 0.97 years Cash held £11,14
Slide 7: Outlook and Contacts
7 Outlook We are aware that formal sales processes have been launched for assets securing three of the Company’s remaining five loans, and as highlighted in the Company’s Annual Report and Accounts, we expect the LBS and Affinity loans to repay in H2 2022, with the Northlands loan to follow later in
Slide 8: Disclaimer
Disclaimer The materials being provided to you are intended for informational purposes and convenient reference only and may not be relied upon for any purpose whatsoever. The materials are issued by ICG Alternative Investment Limited (“ICG Real Estate”). This information is not intended to provide,
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