Edison Investment Research Initiates Coverage

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/

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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: [phone]

MHP Communications (Financial PR Adviser) Charles Hirst / Reg Hoare / James Bavister / Charlotte Anstey Tel:  [phone]

Elysium Fund Management Limited (Administrator) [e-mail] Tel: [phone] DIsclaimer: This Communication is being distributed in the United Kingdom and is directed only at (i) persons having professional experience in matters relating to investments, i.e. investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "FPO") (ii) high net-worth companies, unincorporated associations or other bodies within the meaning of Article 49 of the FPO and (iii) persons to whom it is otherwise lawful to distribute it. The investment or investment activity to which this document relates is available only to such persons. It is not intended that this document be distributed or passed on, directly or indirectly, to any other class of persons and in any event and under no circumstances should persons of any other description rely on or act upon the contents of this document. This Communication is being supplied to you solely for your information and may not be reproduced by, further distributed to or published in whole or in part by, any other person.  Please refer to the full disclaimer on page 17 in the research note, for a comprehensive view of all the restrictions.

 

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