Axiom European Financial Debt Fd Ld Edison Investment Research Initiates Coverage (1936W)
April 21 2021 - 7:30AM
UK Regulatory
TIDMAXI
RNS Number : 1936W
Axiom European Financial Debt Fd Ld
21 April 2021
21 April 2021
Axiom European Financial Debt Fund Limited
Initiation of Coverage by Edison Investment Research
Axiom European Financial Debt Fund Limited (the "Company"),
announces that equity research company, Edison, initiated coverage
on the Company. The initiation note can be found at the following
https://www.edisongroup.com/publication/capital-opportunities/29283/
If you wish to receive future research notes, you can use the "
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AXI is a closed-end fund that invests in European financials. If
a bank's operations and equity position are robust enough to
withstand shock asset losses, these instruments can be a way to
earn a premium return. The fund seeks opportunities from regulatory
changes that lead banks to redeem some of their legacy instruments
that no longer have the same capital rating under stricter rules.
This is a niche space where it is important to be familiar with not
only the banks, but also regulation, local legislation and even
politics.
The portfolio has a 6.15% running yield; 7.3% to perpetuity. The
stock is trading on a 6.5% dividend, 9% below NAV as at the end of
March.
AXI has returned; 6.12% YTD and 33.1% over 1 year, as at the end
of March 2021.
For further information please contact:
Axiom Alternative Investments SARL (Investment Manager)
David Benamou, Managing Partner
Jerome Legras, Managing Partner
Tom Conquest, UK Sales
Tel: +44 (0)7398 203908
MHP Communications (Financial PR Adviser)
Charles Hirst / Reg Hoare / James Bavister / Charlotte Anstey
Tel: +44 20 3128 8193
Elysium Fund Management Limited (Administrator)
axiom@elysiumfundman.com
Tel: +44 1481 810 100
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