The Sustainable Farmland Trust (LON: AGRI) wants to raise up to £200m at 100p a share ahead of admission to the premium list. The newly established investment trust intends to provide an income as well as capital growth. The target yield is 4.5% of the issue price, while target total return is 7% to 9% a year.
There is a subsidiary in Delaware, and this will be used to make investments. The majority of the cash raised is likely to be invested in the IFC Core Farmland Fund LP and the rest wou...
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