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About the company
Cordiant Digital Infrastructure Limited is an externally managed closed-ended investment company. The Company's principal activity is to invest in digital infrastructure assets. The Company is the owner and operator of digital infrastructure assets in the United Kingdom, the European Economic Area and North America. Its investment objective is to generate attractive total returns (on a risk-adjusted basis) for shareholders over the longer term, comprising capital growth and a progressive dividend, through investment in digital infrastructure assets. The Company invests in the core infrastructure of the digital economy, including data centers, fiber-optic networks and telecommunication and broadcast towers in Europe and North America. It seeks to generate total returns of at least 9% per annum over the longer term. Its diversified assets, in Europe and the United States serve blue-chip clients, on long term, often index-linked, contracts. Its investment manager is Cordiant Capital Inc.
- Revenue in GBP (TTM)79.68m
- Net income in GBP69.56m
- Incorporated2021
- Employees0.00
- LocationCordiant Digital InfrastructureEast Wing, Trafalgar Court, Les BanquesPO Box 656SAINT PETER PORT GY1 3PPGuernseyGGY
- Phone+44 1 481742742
- Websitehttps://www.cordiantdigitaltrust.com/
Profile
| Management group(s) | Cordiant Capital Inc |
|---|---|
| AIC sector | Infrastructure |
| ISIN | GG00BMC7TM77 |
| Launch date | 16 Feb 2021 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Company will seek to generate attractive total returns (on a risk adjusted basis) for Shareholders over the longer term, comprising capital growth and a progressive dividend, through investment in Digital Infrastructure Assets, with a predominant focus on data centres, mobile telecommunications/broadcast towers and fibreoptic network assets, primarily located in the UK, the EEA, the United States of America and Canada.
Managed by
| Benn Mikula, Steven Marshall, Mark Tiner |
|---|
Management & contract fees
The annual management fee - * 1% p.a. of the Average Market Capitalisation up to, but not including GBP 500m; * 0.9% p.a. of the Average Market Capitalisation that is between GBP 500m up to and including GBP 1b; and * 0.80% p.a on such part of the Average Market Capitalisation that is in excess of GBP 1b.
Mergers & acquisitions
| Acquired company | CORD:LSE since announced | Transaction value |
|---|---|---|
| Norkring Belgie NV | 1.90% | 5.55m |
| Speed Fibre DAC | -9.55% | 206.86m |
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Jpmorgan Uk Small Cap Growth & IncomePLC | 13.58m | 9.66m |
| Utilico Emerging Markets Trust PLC | 62.23m | 51.45m |
| Third Point Investors Ltd | 30.96m | 9.14m |
| Pacific Assets Trust plc | 37.14m | 25.81m |
| Polar Capital Global Healthcare Trst PLC | 23.35m | 16.90m |
| NextEnergy Solar Fund Ltd | -22.75m | -40.40m |
| Molten Ventures PLC | -126.40m | -160.30m |
| Cordiant Digital Infrastructure Ltd | 79.68m | 69.56m |
| Polar Capital Global Fincls Trust PLC | -6.31m | -15.53m |
| IP Group Plc | -4.90m | -171.30m |
| Foresight Solar Fund Ltd | -964.00k | -9.28m |
| North Atlntc Smlr Cmpns Invtmnt Trst PLC | 18.16m | -5.52m |
| Fidelity Emerging Markets Ltd | 79.54m | 58.86m |
| Edinburgh Worldwide Investment Trust plc | -171.05m | -182.57m |
| Blackrock Throgmorton Trust PLC | -10.31m | -15.75m |
| European Opportunities Trust PLC | 77.54m | 64.12m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Sarasin & Partners LLPas of 16 Aug 2022 | 77.25m | 10.08% |
| Newton Investment Management Ltd.as of 07 Feb 2024 | 37.86m | 4.94% |
| Foresight Group LLP (Investment Management)as of 28 Mar 2024 | 34.44m | 4.50% |
| Nottinghamshire County Council Pension Fundas of 29 Nov 2023 | 23.13m | 3.02% |
| Valu-Trac Investment Management Ltd.as of 31 Jan 2024 | 17.27m | 2.25% |
| West Yorkshire Pension Fundas of 31 Mar 2023 | 16.39m | 2.14% |
| Waverton Investment Management Ltd.as of 29 Dec 2023 | 16.00m | 2.09% |
| Aegon Asset Management UK PLCas of 31 Jan 2024 | 14.46m | 1.89% |
| CG Asset Management Ltd.as of 29 Feb 2024 | 10.15m | 1.33% |
| Border to Coast Pensions Partnership Ltd.as of 30 Sep 2023 | 9.80m | 1.28% |
