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About the company
Tufton Oceanic Assets Limited is a Guernsey-based closed-ended investment company, which invests in a diversified portfolio of secondhand commercial sea-going vessels. The Company's principal activities comprise investing in a diversified portfolio of vessels through its subsidiary based in Guernsey and the special purpose vehicles (SPVs) based in the Isle of Man. Its investment objective is to provide investors with an attractive level of regular and growing income and capital returns through investing in second-hand commercial sea-going vessels. Tufton Investment Management Ltd is the Company's investment manager.
- Revenue in USD (TTM)39.76m
- Net income in USD35.30m
- Incorporated2017
- Employees0.00
- LocationTufton Oceanic Assets Limited1 Royal Plaza, Royal AvenueSAINT PETER PORT GY1 2HLGuernseyGGY
- Websitehttp://www.tuftonoceanicassets.com/
Profile
| Management group(s) | Tufton Investment Management Ltd |
|---|---|
| AIC sector | Leasing |
| ISIN | GG00BDFC1649 |
| Launch date | 20 Dec 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
To provide investors with an attractive level of regular and growing income and capital returns through investing in second-hand commercial sea-going vessels.
Managed by
| Andrew Hampson, Nicolas Tirogalas |
|---|
Management & contract fees
The management fee equals to 0.85% p.a. of the prevailing NAV up to USD 250m, 0.75% p.a. of the prevailing NAV between USD 250m and USD 500m; and 0.65% p.a. of the prevailing NAV in excess of USD 500m. The performance fee equals to 20% of the excess in Total Return per share.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| abrdn European Logistics Income PLC | 43.77m | -74.64m |
| British Smaller Companies VCT plc | 18.99m | 14.98m |
| Hansa Investment Company Ltd | 43.27m | 37.49m |
| Manchester & London Investment Trust plc | 134.56m | 129.91m |
| Starwood European Real Estate Financ Ltd | 43.66m | 31.54m |
| Martin Currie Global Portfolio Trust PLC | 35.55m | 32.57m |
| Castelnau Group Ltd | 12.47m | -9.71m |
| CC Japan Income and Growth Trust PLC | 52.37m | 47.89m |
| Montanaro European Smllr Cmpns Trst PLC | 41.07m | 36.25m |
| Real Estate Credit Investments Ltd | 45.57m | 32.28m |
| Tufton Oceanic Assets Ltd | 39.76m | 35.30m |
| Intuitive Investments Group PLC | -3.05m | -4.04m |
| Taylor Maritime Investments Ltd | -90.50m | -101.58m |
| Henderson High Income Trust plc | 32.50m | 26.76m |
| Diverse Income Trust PLC | -124.91bn | -124.91bn |
| BlackRock Frontiers Investment Trust PLC | 89.32m | 74.86m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| East Riding of Yorkshire Council (Investment Management)as of 30 Jun 2023 | 31.97m | 10.96% |
| South Yorkshire Pensions Authorityas of 30 Jun 2023 | 29.10m | 9.98% |
| Schroder Investment Management Ltd.as of 30 Jun 2023 | 24.41m | 8.37% |
| Schroder & Co. Ltd.as of 30 Jun 2023 | 23.98m | 8.22% |
| West Yorkshire Pension Fundas of 04 Dec 2023 | 23.54m | 8.07% |
| Raymond James Investment Services Ltd.as of 30 Jun 2023 | 16.79m | 5.76% |
| Tufton Investment Management Ltd.as of 30 Jun 2023 | 6.97m | 2.39% |
| Jupiter Asset Management Ltd.as of 31 Dec 2023 | 6.66m | 2.29% |
| Hawksmoor Investment Management Ltd.as of 30 Apr 2023 | 6.42m | 2.20% |
| Alder Investment Management Ltd.as of 28 Mar 2024 | 5.90m | 2.02% |
