UIL Limited (LON:UTL)

UIL Limited, formerly known as Utilico Investments Limited, is a Bermuda-based closed-ended investment company, founded in 2007. The company’s headquarters are in Hamilton, Bermuda. The company engaged in the business of investing its shareholder’s pooled funds according to its investment policy and objective and generating an attractive return for its shareholders through allocating the risk. The company’s investment managers are ICM Limited and ICM Investment Management Limited and ICM Investment Management Limited is alternative Investment Fund Manager.

The company’s investment portfolio of sectors includes financial services, gold mining, oil and gas, and technology. The company publishes the NAV (Net Asset Value) for its ordinary shares and the accrued capital right of the ZDP (Zero Dividend Preference) shares weekly through RNS (Regulatory News Service) of the London Stock Exchange. The company does not fall under the HMRC’s (HM Revenue and Customs) definitions of an offshore fund for the investor of United Kingdom. The company offers a proven bottom-up and long-term approach with a combination of diversified mix of investments. The company’s top holdings include Somers Limited (Financial services), Zeta Resources Limited (Resource Investment Company), Utilico Emerging Markets Trust plc (Investment Company), ICM Mobility Limited (Mobility), Resolute Mining Limited (Gold mining company), Allectus Capital Limited (Technology fund), Orbital Corporation Limited (Technology Company), Starpharma Holdings Limited (Pharmaceutical), AssetCo plc (Financial services), Sindoh Co. Ltd (Manufacturer of printers).

The company’s investment objective is to maximize returns of its shareholders through identifying and investing the investments all over the world where the underlying value is not based on market price. The company focused on achieving its investment objective through investing mainly in a portfolio of listed and unlisted companies.