URB Investments Limited

URB delisted from the ASX as of 23 December 2019 following the merger with 360 Capital Total Return Fund (ASX:TOT).

Description

URB Investments Limited (URB) is a Listed Investment Company on the Australian Securities Exchange. URB invests in a diversified portfolio of ASX Listed Equity Assets and Direct Property Assets

Objective

URB aims to maximise total shareholder returns through a combination of capital and income growth generated by an Investment Portfolio that is exposed to urban renewal and regeneration. For Direct Property Assets URB targets assets that are undervalued and expected to benefit from changes in use such as rezoning, gentrification and the maximisation of available floor space to enhance returns.

Fund Information

ASX CODE	URB.ASX
INCEPTION	October 2016
STYLE	Urban renewal and regeneration focus
DISTRIBUTION FREQUENCY	Half yearly
DRP	Active
HOLDINGS	Typically 20 to 30 Australian listed securities with exposure to urban renewal and regeneration
INVESTMENT HORIZON	5 to 7 years or more
MANAGEMENT FEE	0.50% of total assets
PERFORMANCE FEE	15% of the outperformance over a Pre-Tax NTA 12 month return of 8.0% (calculated after the payment of any ordinary dividends)