Axiom European Financial Debt Fd Ld Edison Investment Research Initiates Coverage (1936W)

TIDMAXI

RNS Number : 1936W

Axiom European Financial Debt Fd Ld

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 " Follow This company " button on Edison's website.

Edison's research is read on a free-to-access basis by individuals and institutions across the globe. It has been accessed by more than 5,000 professional investment institutions since MiFID II was introduced and many other market participants including private investors, sell side, advisors and press. Edison only produces research that falls under the minor non-monetary benefit definition in MiFID II.

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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April 21, 2021 07:30 ET (11:30 GMT)

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