Description: An agriculture and farmland focused investment company.
The Company’s investment objective is to provide Shareholders with an attractive level of risk-adjusted income together with the potential for capital growth by investing in a diversified portfolio of farmland and related agriculture-focused assets (“Farmland Investments”) predominantly located in the US.
Whilst not forming part of the Company’s investment policy, the Company will aim to deliver a target NAV total return of 7 per cent. to 9 per cent. per annum (net of all fees, expenses and taxes) on the basis of the Initial Issue Price, once fully invested, and a target annual dividend yield of at least 4.5 per cent. on the basis of the Initial Issue Price.
The Company will invest in a performing and diverse portfolio of US farmland assets held in the IFC Core Farmland Fund, LP (the “ Core Fund “), an existing private fund managed by IFC’s investment management team and, additionally, in direct farming and agricultural supply chain and infrastructure assets (“ Core Plus Assets “) predominantly located in the US, which are expected to generate current income and to provide for potential capital growth.