Download Premier Multi-Asset Distribution Fund

APRIL 2017
PREMIER ASSET MANAGEMENT
TRADING NOTES
Premier Multi-Asset Distribution Fund
Fund Trading Notes
Action:
SELL: Tritax Big Box REIT
Trade Date:
3rd March 2017
Rationale
In an area of the market seeing secular growth, these long-duration logistic assets, with good secure income, have
attracted buoyant investor interest of late having successfully completed an additional capital raise in October to
grow further. Subsequently, when the share price of the fund moved significantly above its net asset value, we
elected to take our profits and sell this holding with an eye to remaining alert to similar opportunities ahead.
Description
Tritax Big Box REIT a UK Real Estate Investment Trust, is a London Stock Exchange (Specialist Fund Market) and
Channel Islands Stock Exchange (CISX) listing. The Investment policy is to acquire and manage a high quality
portfolio of Big Box logistics assets (modern distribution units typically >500,000 sq. ft.) in prime UK locations. Big
Box logistics assets will be let to institutional grade tenants on long-dated leases providing stable and growing
revenue with the potential for capital appreciation, to achieve a target net return in excess of 9% per annum over
the medium term. Tritax is a leading FCA-regulated, UK real estate fund management house with a long track
record. Lead managed by Colin Godfrey, the team have been active in the Big Box sector since 2004, gaining a
reputation as a credible and trusted investor and manager over this time.
This note is for information purposes and is only to be issued to authorised financial advisers and professional investors. It is not for
circulation to retail clients. It expresses the opinion of the investment manager and does not constitute advice. Reference to any
particular stock does not constitute a recommendation to buy or sell a stock. Persons who do not have professional experience in
matters relating to investments should always speak with a financial adviser before making an investment decision. A free, English
language copy of the Fund’s full prospectus, Key Investor Information Document and Supplementary Information Document are
available on the Premier website, or copies can be requested by contacting our Investment Relations Team using the details above.
Issued by Premier Asset Management. ‘Premier Asset Management’ and ‘Premier’ are the marketing names used to describe the
group of companies including Premier Fund Managers Limited and Premier Portfolio Managers Limited, which are authorised and
regulated by the Financial Conduct Authority of 25 the North Colonnade, Canary Wharf, London E14 5HS and are subsidiaries of
Premier Asset Management Group plc. The registered address of all companies is Eastgate Court, High Street, Guildford, GU1 3DE.
Premier Portfolio Managers Ltd is registered in England no. 01235867. Premier Fund Managers Ltd is registered in England no.
02274227. Premier Asset Management Group plc is registered in England no. 06306664. 17.04.396AG/SEC
[email protected]
WWW.PREMIERFUNDS.CO.UK
0333 456 9033
WWW.PREMIERFUNDS.CO.UK
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