Value And Indexed Property Income Trust (LON:VIP)


Founded in 1972, Value and Indexed Property Income Trust Plc is a UK-based investment trust that focuses its investment across quotes equity market, particularly in small and medium-sized companies and high-yielding commercial properties located in the UK. The trust changed its name from Value and Income Trust Plc to its current name in January 2021. The trust invests across industrials, pubs, supermarkets, leisure, roadside, non-food retail and other commercial properties across the UK, and the quotes equity portfolio is invested across sectors such as financials, industrials, consumer goods, basic materials, consumer services, technology, oil & gas, utilities, healthcare and telecommunications. The trust’s ordinary shares are listed on the premium segment of the official list and are traded on the main market of the London Stock Exchange as LON: VIP since 1981.

The trust’s wholly owned subsidiary, Value and Indexed Property Income Services Limited (VIS) act as its alternative investment fund manager (AIFM) and it is authorised by the financial conduct authority. VIS is responsible for the portfolio and risk management of the trust’s assets and further it has delegated its portfolio management responsibility for the equity and property portfolio to OLIM property, it act as the trust’s investment manage. Further, the trust has appointed BNP Paridas Securities as its depositary. The trust’s investment objective is to deliver secure, long-term index linked income by investing primarily in directly held UK commercial property and partly in property-baked UK securities that are listed on the LSE, and cash or near cash securities. Further, it aims to achieve long term real growth in dividends and capital value without undue risk.  

The trust’s investment policy includes that the trust can’t invest in properties or securities or in unquoted companies outside UK. The UK direct held commercial properties should account for minimum 80% of the total portfolio. The trust‘s UK property assets should generate income and capital return linked to inflation and these properties should be let or pre-let to a broad range of strong tenants on a long leases with rental growth subject to index-linked or fixed increases.

In order to diversify risk at the time of purchase, a single property should not exceed more than 25% of the total property value and its gross asset value and no single tenant (Except UK government and public sector) should consist of more than 30% of its total rental income. Further, no single equity holding can account more than 10% of the gross assets at the time of purchase and it can’t use derivative instruments, however the trust is allowed to invest cash held for working capital purposes and awaiting investment in cash deposits, gilts and money market funds. To increase the return the trust may use gearing in the range of 25% and 50% of the total portfolio.

Contact Information

company address Value And Indexed Property Income Trust Plc c/o Maven Capital Partners UK LLP, Kintyre House, 205 West George Street, Glasgow, G2 2LW, United Kingdom

company phone+44.20.74087290

company website

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