Above is the FY07 results for Babcock & Brown Infrastructure Fund.The board provided a guidance for dividend for 1H08 of 5.2cts
Based on current share price of 63cts, this represent a return of about 8% semi annually.
2H08 has yet to announced the dividend guidance.
Last yr , it gave a total of 10.2 cts of dividend, which represent a div of about 15% annually.
I would recommend investors to consider picking this up on a long term investment horizon.
BACKGROUND
Babcock & Brown Structured Finance Fund Limited is a mutual fund company incorporated in Bermuda on 24 April 2006 and managed by Babcock & Brown Structured Finance Management Pty Ltd. The Company’s key investment objective is to invest in a portfolio of assets and economic exposures which provide its Shareholders with an attractive yield and a competitive rate of return by paying regular dividends and achieving capital growth. The Company plans to achieve its investment objectives and policies through further acquisitions, active portfolio management as well as financing and risk management. The Company provides investors with the ability to invest, through the Company, in asset classes which are not readily accessible to most investors in a listed form.
The Company invests in assets in three target sectors: -
Operating Lease Assets;
Loan Portfolio and Securitisation Assets; and
Alternative Assets.
The Company intends to invest in assets in three target sectors to create a portfolio with predictable cash flows, potential for long term capital growth and diversity across each target sector and across geographies and currencies.
Comments