Ranmore Fund Management has launched a distribution share class for its flagship Ranmore Global Equity Fund, aimed at institutional investors seeking bi-annual income payments.
The firm writes that the launch responds to rising demand from discretionary managers looking for income from their equity exposure. The new share class pays out the underlying dividends to investors rather than reinvesting the dividends back in the fund.
The distribution share class is to be registered under HMRC’s Reporting Funds regime, ensuring clear and tax-efficient income reporting for UK-based investors.
A minimum investment of GBP10 million applies to institutional and ultra-high-net-worth investors. To broaden access, the share class will also be made available through investment platforms at a lower entry point.
Sean Peche, Portfolio Manager at Ranmore, says: “The introduction of a GBP distribution share class is a natural step for the Ranmore Global Equity Fund. Many investors today want both capital growth and a steady income stream. This offering allows us to better meet those needs without compromising on our investment philosophy.”
