BUSINESS CENTRE PROPERTIES - Fund overview
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Overview of
BUSINESS CENTRE PROPERTIES
BCP invests in freehold or long leasehold properties which are or will be used as business centres. The fund is currently closed to redemptions and is not in a position to pay any distributions, all surplus income being used to pay down debt. The loan to value of the portfolio is currently in the mid 90s.
Standard Initial Charge
5.00% 1.50%
Fund summary
| Sector |
Property
|
| Product type |
OFFSHORE FUND
|
| Launched |
April, 2004
|
| Size |
£6m
|
| Yield |
16.2%
|
| Charging basis |
–
|
| Dividends paid |
June & December
|
| Bid price(inc) |
25.24p |
| Bid price(acc) |
30.15p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
1.50%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.25%
|
|
Total expense ratio
|
1.75%
|
|
Reduction in yield (10yr)
|
1.90%
|