Investment Trusts

Chenavari Toro Income Fund Limited

TORO:LSE

Chenavari Toro Income Fund Limited

  • Price (EUR)0.525
  • Today's Change0.00 / 0.00%
  • Shares traded3.35k
  • 1 Year change17.19%
  • Beta0.4617
Data delayed at least 20 minutes, as of Oct 31 2024 13:10 BST.
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Profile data is unavailable for this security.

About the company

Chenavari Toro Income Fund Limited is a Guernsey-based closed-ended investment company. The investment objective of the Company is to deliver an absolute return from investing and trading in asset backed securities (ABS) and other structured credit investments in liquid markets and investing directly or indirectly in asset backed transactions including, without limitation, through the origination of credit portfolios. It invests or trades opportunistically in primary and secondary market asset backed securities and other structured credit investments, including private asset backed finance investments. It invests in transactions on a buy-to-hold basis, via a variety of means, including, without limitation, warehouse credit facilities that can originate credits that may be refinanced in structured credit markets, as well as other financing opportunities. It also invests in originators. Carne Global AIFM Solutions (C.I.) Limited acts as the Company’s alternative investment fund manager.

  • Revenue in EUR (TTM)34.85m
  • Net income in EUR27.08m
  • Incorporated2015
  • Employees0.00
  • Location
    Chenavari Toro Income Fund LimitedFloor 2, Trafalgar Court, Les BanquesSAINT PETER PORT GY1 4LYGuernseyGGY
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Profile

Management group(s)Chenavari Credit Partners LLP
AIC sectorDebt - Structured Finance
ISINGG00BWBSDM98
Launch date08 May 2015
Share typeOrdinary Share
StructureInvestment Trust
Base currencyEUR

Objective

To generate attractive, risk-adjusted returns, through investing, and in some cases, trading opportunistically, in structured credit markets or asset backed transactions via three sub-strategies: Public Asset Backed Securities , Private Asset Backed Finance and Direct Origination. The Company seeks to invest in a diversified portfolio of exposures to predominantly European based obligors.

Managed by

Frederic Couderc

Management & contract fees

Management fee is 1% p.a. of NAV. Performance fee of 15% of the total increase in the NAV per Share of the relevant Class at the end of the relevant performance period.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Albion Development VCT PLC18.72m14.93m152.58m0.00152.58m0.00
Albion Enterprise VCT PLC7.86m3.98m153.18m0.00153.18m0.00
abrdn Diversified Income and Growth PLC2.45m-8.31m157.56m0.00157.56m0.00
Baillie Gifford China Growth Trust PLC-36.58m-39.38m158.53m0.00158.53m0.00
Duke Capital Ltd30.55m13.86m160.88m--160.88m--
JZ Capital Partners Limited15.06m1.48m161.46m0.00161.46m0.00
Albion Technology & General VCT PLC10.39m6.47m161.74m0.00161.74m0.00
Chenavari Toro Income Fund Ltd34.85m27.08m162.14m0.00162.14m0.00
Blackrock Sustnble Amrcn Incme Trst PLC26.74m24.20m163.34m0.00163.34m0.00
Hargreave Hale AIM VCT PLC-21.89m-26.80m165.10m0.00165.10m0.00
Amicorp FS (UK) PLC11.95m-105.01k165.76m108.00165.76m108.00
Keystone Positiv Chng Invstmnt Trust PLC8.89m5.72m166.41m0.00166.41m0.00
M&G Credit Income Investment Trust PLC19.67m17.50m166.83m0.00166.83m0.00
Digital 9 Infrastructure PLC-533.24m-553.12m170.45m0.00170.45m0.00
Downing Renewables & Infrstrctr Trst PLC12.61m8.48m171.38m0.00171.38m0.00
Peel Hunt Ltd102.49m-3.82m171.56m303.00171.56m303.00
Data as of Oct 31 2024. Currency figures normalised to Chenavari Toro Income Fund Limited's reporting currency: Euro EUR

Institutional shareholders

34.96%Per cent of shares held by top holders
HolderShares% Held
Chenavari Credit Partners LLPas of 30 Sep 2023107.31m33.32%
Brooks Macdonald Asset Management Ltd.as of 31 Jan 20225.28m1.64%
Data from 30 Sep 2023 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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