Ground Rents Income Fund PLC · LSE:GRIO
Ground Rents Income Fund — Shareholder Meeting (August 2024)
7 slides from Ground Rents Income Fund's shareholder meeting presentation, Aug 5, 2024
Slide 1: EGM presentation
EGM presentation Ground Rents Income Fund plc (‘GRIO’ or the ‘Company’) 5 August 2024 Marketing material.
Slide 2: Executive Summary
Executive Summary Implementing new Investment Policy against the backdrop of continued headwinds – Annual report and accounts to 30 September 2023 – Uncertainty relating to building safety remedial costs and leasehold reform negatively impacted net asset value and delayed accounts. Consistent with l
Slide 3: Summary of new strategy
Summary of new strategy Implementing new Investment Policy against the backdrop of continued headwinds New strategy Objectives Risks – Strong support for change to the 1. Improve portfolio liquidity and manage – The new Act is of concern, but critical Continuation Vote in April 2023, together risk:
Slide 4: Executing new Investment Policy
Executing new Investment Policy Focus on reducing legislative risk, improving portfolio liquidity, and disposals – Completed disposal of freehold ground rent interests in Bristol and Exeter to a special purchaser, for a combined price of £3.45 million, representing a 4% premium to the latest valuati
Slide 5: Important Information
Important Information Marketing material for professional investors or advisers only. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invest
Slide 6: Important Information
Important Information Ground Rents Income Fund Plc – Risk Factors: The Company borrows for investment purposes. This will magnify any gains or losses made by the Company. The Company has no maturity date. The Company may only be terminated by a continuation vote, a shareholders’ voluntary liquidatio
Slide 7: Thank you
THANK YOU BUILDING CHANGE Schroders capital
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