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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 | 45.38m | -88.24m |
| Hansa Investment Company Ltd | 122.38m | 116.49m |
| Martin Currie Global Portfolio Trust PLC | 36.27m | 33.23m |
| Starwood European Real Estate Financ Ltd | 44.54m | 32.17m |
| Taylor Maritime Investments Ltd | -90.50m | -101.58m |
| Montanaro European Smllr Cmpns Trst PLC | 23.41m | 18.64m |
| CC Japan Income and Growth Trust PLC | 82.31m | 77.45m |
| Real Estate Credit Investments Ltd | 39.96m | 27.85m |
| Henderson High Income Trust plc | 33.15m | 27.29m |
| BlackRock Frontiers Investment Trust PLC | 90.61m | 74.36m |
| Tufton Oceanic Assets Ltd | 39.76m | 35.30m |
| STS Global Income & Growth Trust PLC | 17.41m | 13.23m |
| Intuitive Investments Group PLC | 1.05m | -1.10m |
| CQS New City High Yield Fund Ltd | 29.68m | 22.80m |
| VH Global Sustainable Enrgy Opprtnts PLC | 78.80m | 70.51m |
| Schroder Japan Trust PLC | 64.84m | 59.79m |
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 & Co. Ltd.as of 31 Dec 2023 | 26.33m | 9.03% |
| Schroder Investment Management Ltd.as of 30 Jun 2023 | 24.41m | 8.37% |
| 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% |
| Hawksmoor Investment Management Ltd.as of 30 Apr 2023 | 11.60m | 3.98% |
| Tufton Investment Management Ltd.as of 30 Jun 2023 | 6.97m | 2.39% |
| Jupiter Asset Management Ltd.as of 29 Feb 2024 | 6.66m | 2.29% |
| Alder Investment Management Ltd.as of 31 May 2024 | 5.90m | 2.02% |
