Rockcastle‚ which was incorporated in Mauritius in March last year‚ has invested in predominantly retail assets in the developed markets of the USA‚ UK‚ Canada‚ Europe‚ Singapore‚ Hong Kong and Australia.
The company's cumulative distribution for the 15-month period ended June would be 8.56 US cents per share‚ it said.
Over the 15-month period‚ the company's portfolio performed in line with its forecasts and achieved an annualised yield of 7.9% based on the initial listing price of US$1 per share.
"The company's investments were made through a combination of direct holdings in shares or‚ where there were significant gearing and withholding tax benefits‚ through equity derivative instruments‚" Rockcastle said.
Earnings enchancing gearing has been used by the company since listing. The gearing ratio was 42.4% at the end of June.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
