Mayfair Capital Property Income Tru

Quick Stats

Bid Price - Offer Price -
Mid Price GBX 83.75 Day Change GBX +0.61 (0.73%)
Price Date 31 Mar 2017 Crown Rating
Shares Class Inc. Yield 6.27 %
Total Expense Ratio 0.76 Fund Size 395,310,000.00
Launch Date 01/10/2004 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible No
Annual Management Charge (%) 0.00 Sector IMA UK Equity Income
Min Investment (£) 50,000.00 Total Expense Ratio (%) 0.76
ISIN GB00B0517P11 Min TopUp (£) 10,000.00

Fund Objective

The Property Income Trust for Charities (PITCH) is a unit trust designed as a pooled property vehicle available to all UK Charities and EU Qualifying Charities. It was established to permit qualifying charities to co-invest in UK property in a manner that is tax efficient for both income and capital. It also has the advantage of allowing properties to be acquired free of Stamp Duty Land Tax. The Trust’s objective is to invest in commercial property throughout the UK. It aims to deliver an income yield of around 6.0% p.a, whilst at least maintaining the capital value in real terms. Income is distributed monthly. The Fund operates both ethical and environmental policies and seeks to be a socially responsible investor.

Fund Managers

James Thornton
James is Fund Director for Mayfair Capital’s flagship Fund the ‘Property Income Trust for Charities’, a bespoke Fund for charity investors. Given Mayfair’s commitment to the charity sector, James is a Committee Member of the Charity Investors’ Group which is committed to education for charity trustees and their advisers. He was also elected to the Advisory Board of WELPUT in October 2014. James co-founded Mayfair Capital in 2002 and became Chief Executive in April 2014 having previously performed the role of Chief Investment Officer. James is also Fund Director for two other Mayfair Capital Funds: ‘MC Property Growth Fund No.2’ and ‘MC Residential 1’, an opportunistic Fund which provides preferred equity to developers in central London residential. James has 35 years’ experience in UK commercial property. James spent the first 15 years of his career at Jones Lang Wootton, 11 of which were in its investment management division, JLW Fund Management. In 1996, James joined Savills, where he was appointed Director of Fund Management, responsible for a team of 10 managing some £950 million of client funds on an advisory and discretionary basis. James is approved by the FCA to perform CF1, CF3 and CF30 functions for Mayfair Capital. He is a member of the RICS, the Investment Property Forum, and a Committee Member of the Charity Investors' Group.