Source - Alliance News

Cordiant Global Agricultural Income PLC - seeks yield and capital growth from secured medium-term loans to agriculture sector - Plans to raise $300 million in initial public offering on the London Main Market, with a premium listing. Investment manager is Cordiant Capital Inc. Already listed in London, on AIM, is Cordiant Digital Infrastructure Ltd. The new agriculture fund will issue 300 million shares at $1.00 each. Cordiant Global Agricultural will target a dividend yield of 6.5% and a net asset value total return of 10% per annum. Says investment manager has agricultural specialists based in Sao Paulo and Montreal.

Will not invest in livestock farming due to its harm to the environment. ‘Feeding a growing global population whilst protecting the environment is one of the defining challenges of our age,’ says Benn Mikula, co-chief executive officer & head of Investments at Cordiant Capital. ‘By focusing on established producers with strong sustainable farming methods, Cordiant can deploy its sector expertise to increase food security and generate attractive investor returns.’

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