Overview
Taylor Maritime Investments invests in a diversified portfolio of vessels which will primarily be second-hand and which, historically, have demonstrated average yields in excess of the company’s target dividend yield of 7% p.a. and are capable of being acquired at valuations that are expected to be below long-term average prices.
The company’s initial investments comprise Geared Ships (Handysize and Supramax types) to be employed utilising a variety of employment/charter strategies.
Taylor Maritime Investments intends to pay dividends on a quarterly basis with dividends declared in January, April July and October.
Investors can hold ordinary shares in the company which trade under the tickers TMI (for ordinary shares traded in US dollars) and TMIP (for ordinary shares traded in pounds sterling).
The original prospectus is available here and the company’s website can be accessed here. James Carthew wrote an article on the launch for Citywire.
Research History
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14 Sep 2023 9 min read
QuotedData’s Investment Companies Roundup – September 2023
September 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in August 2023 Share price total returns for investment companies were generally poor over August, with the best performing sector, Debt – Structured Finance, returning just 2.1%, with only a few sectors managing to eke out a positive total return. Funds […]
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05 Jan 2023 90 min read
QuotedData’s Economic and Political Monthly Roundup January 2023
Economic and Political Monthly Roundup Investment companies | Monthly | January 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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07 Dec 2022 8 min read
QuotedData’s Investment Companies Roundup – December 2022
Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly | Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]
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13 Oct 2022 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2022
Third quarter of 2022 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Piling on the misery In the face of rising inflation, exacerbated by the war in Ukraine, central bankers have condemned for their relative inaction. However, in the third quarter of 2022, they stepped up a gear. Last month’s economic and political roundup […]
News
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17 Jul 2025 1 min read
QuotedData’s morning briefing 17 July: IAD, TMI, CREI, CLDN, RTW & AJOT
Invesco Asia Dragon publishes maiden annual results after its merger, shipping fund Taylor Maritime sells 10 vessels, Custodian Property Income starts share buybacks and Caledonia shareholders approve its share split.
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24 Jan 2025 2 min read
QuotedData’s morning briefing 24 January 2025 – SWEF, TMI, CRT, BLND
In QuotedData’s morning briefing 24 January 2025: Starwood European Real Estate Finance (SWEF) has published a new quarterly portfolio update for the quarter ended 31 December 2024. The update says that the orderly realisation of the portfolio is progressing (to date, SWEF has returned £210.0m to shareholders through compulsory redemptions since the orderly realisation strategy […]
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14 Jan 2025 2 min read
QuotedData’s morning briefing 14 January 2025 – IBT, HRI, RTW, TMI, FP, CBA
In QuotedData’s morning briefing 14 January 2025: International Biotechnology trust (IBT) has announced Johnson and Johnson’s acquisition of Intra-Cellular Therapies (ITCI) for $132 per share, representing a premium of approximately 40% to ITCI’s closing share price on 10 January 2025. ITCI is IBT’s largest shareholding, representing 7.14% of IBT’s NAV as at 10 January 2025. […]
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18 Dec 2024 3 min read
QuotedData’s morning briefing 18 December 2024 – TMI, RGL, SERE, CATCo
In QuotedData’s morning briefing 18 December: Taylor Maritime Investments (TMI) has released its interim results for the six months to 30 September 2024. The company delivered a NAV total return of 2.6% while the total share price return was 4.5%. The company declared dividends of 4.00 US cents per ordinary share, for a current yield […]
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13 Dec 2024 1 min read
QuotedData’s weekly news show 13th December 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Ecofin US Renewables (0:28) AVI Global Trust (4:49) Taylor Maritime (8:42) This week’s interview was with Craig Baker from Alliance Witan – watch it again here.
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11 Dec 2024 2 min read
QuotedData’s morning briefing 11 December 2024 – TMI, HGEN, TPOU, CAL
In QuotedData’s morning briefing 11 December 2024: Taylor Maritime Investments (TMI) announced it is proposing to transfer the company’s equity shares listing from the closed-ended investment funds category to the equity shares (commercial companies) category of the official list. This follows the completion of the acquisition of Grindrod Shipping Holdings Ltd on 16 August 2024, […]
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25 Oct 2024 2 min read
QuotedData’s morning briefing 25 October 2024 – ALW, JFJ, ATS, ARR, UKW
In QuotedData’s morning briefing 25 October 2024: As previously indicated, Alliance Witan (ALW) has increased its dividend following the combination of Alliance Trust and Witan Investment Trust to form Alliance Witan. ALW has declared a third interim dividend of 6.73p per share. The total of the first three interim dividends declared for 2024 is 19.97p […]
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26 Jul 2024 3 min read
QuotedData’s morning briefing 26 July 2024 – LWDB, TMI, GCP, SUPR, SGRO, MPLF
In QuotedData’s morning briefing 26 July 2024: Law Debenture (LWDB) has published its interim results for the six months ended 30 June 2024, during which it provided an NAV total return (with debt and Independent Professional Services (IPS) business at fair value) of 9.7%, and share price total return of 7.7%, both outperforming its All-Share […]
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23 Jul 2024 2 min read
Challenging year for Taylor Maritime Investments as shares slip
Taylor Maritime Investments (TMI) has announced its full year results for the financial year ended 31 March 2024. The company saw a NAV total return of -9.0% while the share price total return was -11.2%. The company declared dividends of 8.00 US cents per share (31 March 2023: 10.97 US cents). In addition, it declared […]
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22 Jul 2024 3 min read
QuotedData’s morning briefing 22 July 2024 – CYN, BPCR, ONWD, TMI, BCPT
In QuotedData’s morning briefing 22 July 2024: CQS Natural Resources Growth and Income (CYN) has declared its fourth interim dividend of 1.82p per share for the year ended 30 June 2024 (2023: 1.82 pence per share). It has also declared an additional special interim dividend of 1.00p per share, reflecting the fact that underlying core […]
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12 Dec 2023 1 min read
QuotedData’s morning briefing 12 December 2023 – VEIL, TMI
In QuotedData’s morning briefing 12 December 2023: Vietnam Enterprise Investments (VEIL) released its monthly update for November, highlighting a NAV increase of 8.7% total return in USD over the previous month against a gain of 8.0% for its reference index, the Vietnam Index ( VNI). VEIL’s share price increased 7.2% in November and has declined […]
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11 Dec 2023 1 min read
QuotedData’s morning briefing 11 December 2023 – SYNC, TMI, UKW, HGT, LXI, DNA2
In QuotedData’s morning briefing for 11 December 2023: Syncona (SYNC) has provided an update on the clinical study of its portfolio company, Autolus Therapeutics. The results have indicated the strong safety profile of the drug and importantly show a durable response for patients. Taylor Maritime Investments (TMI) has released its half year results for the […]
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25 Oct 2023 2 min read
QuotedData’s morning briefing 25 October 2023 – NBMI, RCOI, ROOF, TMI
In QuotedData’s morning briefing 25 October 2023: NB Monthly Income Fund (NBMI), which is undergoing a managed wind down, has advised that it intends to distribute to shareholders an aggregate amount of approximately £23,537,000 by way of a partial compulsory redemption of shares on 13 November 2023. Pursuant to the compulsory redemption, the company will […]
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20 Oct 2023 1 min read
QuotedData’s morning briefing 20 October 2023 – TMI, IHR, PIN, OIG
In QuotedData’s morning briefing 20 October 2023: Taylor Maritime Investments (TMI) has released its second annual Environmental, Social and Governance (ESG) Report covering the financial year ended 31 March 2023. The report highlights progress made on TMI’s sustainability priorities including decarbonisation, social and community impact, and responsible business practices. This year, TMI obtained independent assurance […]
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02 Oct 2023 2 min read
QuotedData’s morning briefing 2 October 2023 – ICG, TMI, PEY, AERI, MWY, AIRE, SERE, JLEN
In QuotedData’s morning briefing 2 October 2023: India Capital Growth Fund (ICG) has announced that its investment manager, Ocean Dial Asset Management, has been acquired by AssetCo. As a result ICG will come under the River and Mercantile brand in due course, which will increase the resources available to ICG. Taylor Maritime Investments (TMI) has […]
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27 Sep 2023 1 min read
QuotedData’s morning briefing 27 September 2023
In QuotedData’s morning briefing 27 September 2023: Cordiant Digital Infrastructure (CORD) has announced that it has received regulatory approval for its acquisition of Speed Fibre Group and expects the transaction to close later this year. Taylor Maritime Investments (TMI) has announced that it has refinanced its debt facility, and has made a loan repayment of […]
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26 Sep 2023 1 min read
Taylor Maritime extracts further economies of scale from Grindrod investment
Taylor Maritime Investments has sold its commercial and technical managers to its subsidiaries Grindrod Shipping Holdings and Grindrod Shipping Pte. Ltd. The subsidiaries have agreed to acquire each of Taylor Maritime Management Limited (TMML) from Taylor Maritime Group Limited and Tamar Ship Management Limited (Tamar) from Taylor Maritime Group Limited and Temeraire Holding (MI) Limited. […]
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27 Jul 2023 2 min read
Busy year for Taylor Maritime leaves it with young and efficient fleet
Taylor Maritime (TMI) results are out for the 12 months ended 31 March 2023. The company’s NAV return was 4.7%. Some highlights: Dividends of 10.97 cents were declared in the year ended 31 March 2023 (31 March 2022: 3.50 cents). In addition, the company declared an interim dividend on 27 April 2023 of 2 cents […]
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31 May 2023 1 min read
QuotedData’s morning briefing 31 May 2023
Taylor Maritime Investments (TMI/TMIP) Limited announced the appointment of Henry Strutt as non-executive chair of the company with effect from 1 June 2023. Strutt brings extensive financial services experience from his time spent in senior positions at several financial institutions, including Robert Fleming Group of Companies, Smith & Williamson, and Harrods Bank. He also has […]
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21 Mar 2023 2 min read
QuotedData’s morning briefing 21 March 2023
Crystal Amber Fund (CRS) announced results for the six months ended 31 December 2022. The total return was 4.4%, comfortably ahead of the benchmark Numis Small Cap Index return of 1.3%. Despite the solid performance, NAV fell 10% and the discount now sits at around 25% as the company continues to wind down after failing […]
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27 Feb 2023 2 min read
QuotedData’s morning briefing 27 February 2023
In QuotedData’s morning briefing 27 February 2023: Life Science REIT (LABS) announces the letting of part of the ground floor of Building One at Oxford Technology Park to Arcturis Data Limited, a healthcare technology company applying advanced analytics and machine learning to generate real-world evidence and novel healthcare insights in both common and rare diseases. […]
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29 Nov 2022 1 min read
QuotedData’s morning briefing 29 November 2022
In QuotedData’s morning briefing 29 November 2022: Syncona (SYNC) appears to have secured control of Applied Genetic Technologies Corporation, with about 51.8% of that company’s shares tendered to Syncona’s bid. The tender offer is being extended until 5pm (Eastern time) tomorrow (30 November). Separately, Syncona reports that it will receive £16m up front and potentially […]
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31 Oct 2022 2 min read
QuotedData’s morning briefing 31 October 2022
In QuotedData’s morning briefing for 31 October 2022: Riverstone Credit Opportunities Income (RCOI) has announced an upsize of its investment in Harland & Wolff Group Holdings PLC (“Harland & Wolff”),which focuses on strategic infrastructure projects and physical asset lifecycle management across five core industries: renewables, oil & gas, defence, cruise & ferry and commercial. In […]
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27 Oct 2022 1 min read
QuotedData’s morning briefing 27 October 2022
In QuotedData’s morning briefing 27 October 2022: Taylor Maritime Investments (TMI) is reporting a fall in its NAV which at 30 September 2022 was $1.70, a decrease of about 5% since 30 June 2022. The market value of the vessel portfolio at the quarter end was $447m, down about 15% on a like-for-like basis over […]
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14 Oct 2022 1 min read
QuotedData’s weekly news show 14th October 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Taylor Maritime • Harmony Energy C share This week’s interview was with Jonathan Maxwell from SDCL Energy Efficiency – watch it again here.
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12 Oct 2022 3 min read
Taylor Maritime makes all cash offer for Grindrod Shipping
Further to its announcement on 30 August 2022 that it had made an indicative all cash offer of US$26 for each Grindrod Shipping Holdings Limited share that it didn’t already own (consisting of a cash purchase price of US$21.00 per share plus a special cash dividend from Grindrod of US$5.00 per share to its existing […]
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30 Aug 2022 2 min read
Taylor Maritime announces all cash offer for Grindrod Shipping
Taylor Maritime Investments (TMI) has announced that, on 25 August 2022, it submitted a non-binding indicative offer proposal to the board of directors of Grindrod Shipping Holdings Limited (Grindrod – www.grinshipping.com) to acquire all of the Nasdaq and Johannesburg Stock Exchange listed company for cash. Under the proposals, TMI would acquire all of the issued […]
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1 min read
QuotedData’s morning briefing 30 August 2022
In QuotedData’s morning briefing 30 August 2022: Digital 9 Infrastructure’s shares commence trading on the premium segment of the London Stock Exchange with effect from 8 am this morning. Octopus Renewables Infrastructure (ORIT) has announced that its investment manager will be presenting via the Investor Meet Company platform on Wednesday 7 September 2022 at 12pm […]
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28 Jul 2022 2 min read
QuotedData’s morning briefing 28 July 2022
In QuotedData’s morning briefing 28 July 2022: Ecofin US Renewables (RNEW) says that its end June NAV was 97.32 cents, down slightly from the figure of 97.64 cents at end March. The main infuences on the NAV over the quarter were an inflation/interest related increase in discount rates used to value the portfolio (-$3.5m) offset […]
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15 Jul 2022 1 min read
QuotedData’s weekly news show 15th July 2022
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, Matthew Read covered the week’s top stories: • Ruffer – Hamish Baillie stepping down • Roundhill Music Royalty • Hipgnosis Songs Fund • Taylor Maritime inaugural results • Chysalis and wefox • […]
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14 Jul 2022 3 min read
Taylor Maritime publishes breath taking inaugural results
Taylor Maritime Investments (TMI) has published its first set of full year results for the period to 31 March 2022, which shows NAV and share price total returns of 81.3% and 45.5% respectively (around two-thirds of its profit before tax came from fair value gains on its portfolio). The results include the following key highlights: […]
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1 min read
QuotedData’s morning briefing 14 July 2022
In QuotedData’s morning briefing 14 July 2022: Alpha Real Trust (ARTL) purchased just over 5.4m shares in the company through a tender offer, representing 8.7% of the share capital, for a total of £9.5m. We have news items on Hipgnosis Songs Fund’s new global administration agreements with Sacem and peermusic as well as its annual […]
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27 Jun 2022 1 min read
Taylor Maritime sells one vessel and cancels sale of another
Taylor Maritime Investments has agreed to sell a 2009 built Handysize vessel for proceeds of $17.2m. The vessel was an IPO seed asset and the sale is expected to complete before the end of August 2022, generating an IRR of 80% and MOIC of 1.9x. This represents an 8% premium to the 31 March 2022 […]
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21 Apr 2022 2 min read
QuotedData’s morning briefing 21 April 2022
In QuotedData’s morning briefing 21 April 2022 the news is dominated by annual results, but we also have: An unusual advance on the sale proceeds of Infrastructure India’s (IIP) wind farm assets – the buyer AVSR Constructions is supposed to pay INR 550m (approximately £5.5m), but the seller is yet to satisfy all the conditions […]
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30 Mar 2022 2 min read
QuotedData’s morning briefing 30 March 2022
In QuotedData’s morning briefing 30 March 2022: Taylor Maritime (TMI) has agreed to sell a 2004 built Handysize vessel for $11.6m. The vessel was an IPO seed asset and the sale is expected to complete in Q2 2022, generating an IRR in excess of 200% and MOIC of 1.6x. It is the oldest vessel in […]
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09 Mar 2022 2 min read
QuotedData’s morning briefing 9 March 2022
In QuotedData’s morning briefing 9 March 2022: Taylor Maritime (TMI), has agreed to sell one 2006 built Handysize vessel and one 2011 built Supramax vessel for a combined $33.3m of proceeds, realising a premium to the Fair Market Values included in the NAV reported as at 31 December 2021. The transactions represent IRRs in excess […]
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10 Feb 2022 1 min read
Taylor Maritime buys final seed asset
Taylor Maritime buys final seed asset – Taylor Maritime Investments says that it has received delivery of the final seed asset that it committed to buy when it IPO’d. The new Japanese-built Handysize geared bulk vessel is now part of its trading fleet. Payment for the vessel was made 100% in cash. This delivery takes […]
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10 Jan 2022 4 min read
QuotedData’s morning briefing 10 January 2022
In QuotedData’s morning briefing 10 January 2022: Following its decision to terminate its investment management arrangement with KKV Investment Management, Secured Income Fund (SSIF) is now a self managed AIFM. The company has entered into a consultancy agreement to secure the services of one of the individuals previously employed by KKVIM and who has the […]
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15 Dec 2021 2 min read
QuotedData’s morning briefing 15 December 2021
In QuotedData’s morning briefing 15 December 2021: Dunedin Enterprise (DNE) has announced regulatory approval has now been granted for the partial realisation of GPS, which is held via DNE’s interest in Dunedin Buyout Fund III LP. Proceeds now received from the transaction amount to £18.2m, consisting of capital of £15.8m and income of £2.4m. In […]
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13 Dec 2021 2 min read
QuotedData’s morning briefing 13 December 2021
In QuotedData’s morning briefing 13 December 2021: Triple Point Energy Efficiency Infrastructure (TEEC) has acquired three operational, Feed in Tariff accredited hydroelectric power projects in Scotland for an aggregate consideration of £19.6m (excluding costs). They have a total installed capacity of 2.5MW, and all have five years or more of operational performance history. This investment […]
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04 Oct 2021 2 min read
QuotedData’s morning briefing 4 October 2021
In QuotedData’s morning briefing 4 October 2021: Seed Innovations (SEED) has invested a further £150,000 in South West Brands, a London-based company seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The investment is by way of a second 12-month, 8% convertible loan note as part of a […]
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11 Aug 2021 3 min read
QuotedData’s morning briefing 11 August 2021
In QuotedData’s morning briefing 11 August 2021: Round Hill Music Royalty (RHM) has made its first open market acquisition since its IPO by acquiring the music catalogue of Yes guitarist and film score composer, Trevor Rabin. This includes 3,528 cues from films such as Armageddon, Enemy of the State and Bad Boys II and songs such as Owner of a Lonely […]
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26 Jul 2021 2 min read
QuotedData’s morning briefing 26 July 2021
In QuotedData’s morning briefing 26 July 2021 F&C (FCIT) has released its interim report for the six months to 30 June 2021. During this time the NAV total return was 12.3%, ahead of the FTSE All-World index which returned 11.1%. However, the company’s share price total return was slightly behind, at 8.3% – which the board […]
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14 Jul 2021 2 min read
QuotedData’s morning briefing 14 July 2021
In QuotedData’s morning briefing 14 July 2021: Apax Digital Fund, which is backed by Apax Global Alpha, is making an investment in Tide as part of a series C funding round. Tide, a business financial platform offering business accounts and related banking services, as well as a comprehensive set of integrated software solutions, is already a […]
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05 Jul 2021 2 min read
QuotedData’s morning briefing 5 July 2021
In QuotedData’s morning briefing 5 July 2021 – Fair Oaks Income (FAIR) announced that FOIF II LP (Master Fund II) has made two investments in the majority equity of new US CLOs. These investments reinvest the sale proceeds of CLO mezzanine debt which were acquired opportunistically in the spring of 2020. Both new CLOs include ESG-related […]
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16 Jun 2021 2 min read
Taylor Maritime completes deployment of IPO proceeds with $26.5m Japanese shipping deals
Taylor Maritime (TMI/TMIP), the recently launched specialist dry bulk shipping investment company, announced that it had successfully completed the deployment of the proceeds raised at IPO last month following the purchase of two Japanese built geared Handysize bulk vessels for an aggregate consideration of US$26.5m in cash. Both vessels are being acquired at below 80% of […]
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27 May 2021 2 min read
QuotedData’s morning briefing 27 May 2021
In QuotedData’s morning briefing 27 May 2021: Apax Global Alpha is committing $90m to the new Apax Digital Fund II. like Apax Digital, the new fund will invest in a balanced portfolio of minority equity and growth buyout opportunities in mid-market technology companies globally. Apax has a longstanding focus on the technology sector and a global reach. […]
Upcoming Events
In The Press
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02 Mar 2023 2 min read
The trusts to buy for rising dividends
By Dave Baxter, Investors’ Chronicle, February 28, 2023: High dividend yields can be hard to resist, and there are many currently on offer in the investment trust universe. But a high yield can reflect recent price volatility, as with embattled Home REIT (HOME), or be a result of an especially esoteric portfolio, an example being […]
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12 Jul 2022 1 min read
Dare to be different
Faith Glasgow, AIC Compass, July 2022: One of the big attractions of investment companies for many retail investors is the wide range of asset classes to which they offer access: not just equities but property, infrastructure, private equity and a number of even more esoteric specialist investment opportunities including sectors dedicated to music royalties, forestry, […]
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15 Nov 2021 1 min read
Investment trust insider on US versus UK closed-end funds
Investment trust insider on US versus UK closed-end funds – James Carthew: Higher governance standards help UK beat US in closed-end funds The flood of fresh money streaming into the investment companies sector is incredible. I was chatting to investors, directors and journalists at an event to mark the third anniversary of AVI Japan Opportunities […]
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09 Nov 2021 1 min read
Investment trust insider on ship leasing funds
Investment trust insider on ship leasing funds – James Carthew: Buoyant ship funds need to go net zero It’s nearly six months since I wrote about the proposed launch of Taylor Maritime Investments (TMI). The trust hit its flotation target, raising $160m (£119m) from investors ($10m more than it had hoped) and then issued a […]