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) |
URB Performance
Total Shareholder Return as at 23 December 2019
| 1 Month | 2 Month | 3 Month | 6 Month | 1 Year | 18 Months | 2 Years (pa) |
| 11.3% | 7.8% | 14.6% | 18.6% | 43.7% | 44.2% | 11.9% |