Tetragon Financial Group Limited Edison initiation on Tetragon Financial Group
September 12 2016 - 4:52AM
RNS Non-Regulatory
TIDMTFG
Tetragon Financial Group Limited
12 September 2016
London, UK, 12 September 2016
Edison issues research initiation on Tetragon Financial Group
(TFG)
Tetragon Financial Group (TFG) is a specialist closed-ended
investment company aiming to provide stable returns across economic
and various asset class cycles through investing in a selected
portfolio of alternative assets. Within each asset class, the
manager seeks to outperform through identifying the most
appropriate structure for investments, as well as selecting
high-quality specialists to manage the underlying investments.
Targeting an annual return of 10-15%, TFG's NAV total return has
substantially outperformed major equity markets and its peers over
one, three and five years, and since the fund's launch in April
2007. Steps are being taken to address a persistently wide
discount, which currently substantially enhances the dividend yield
on TFG's shares.
While TFG has achieved a strong performance over the last five
years, its share price discount to NAV has remained persistently
wide and steps are being taken to address a number of contributory
factors. Although seen as a negative, the wide discount enhances
the underlying portfolio yield to give TFG shares a 6.1% dividend
yield, and provides substantial scope for future shareholder
returns to be strengthened by any narrowing of the discount.
Click here to view the full report
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with a team of over 110 analysts, investment and roadshow
professionals and works with both large and smaller capitalised
companies, blue chip institutional investors, wealth managers,
private equity and corporate finance houses to support their
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York, Frankfurt, Sydney and Wellington. Edison is authorised and
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investment advice. Edison's reports are not solicitations to buy or
sell any securities.
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