Tideway Fixed Income Funds: Delivering over 5% p.a. Net income

For Professional intermediaries only

Tideway Asset Management Is pleased to confirm the following Distributions*:
Ex-Date 31st December 2018 / Pay Date January 31st, 2019

Tideway GBP Credit Fund Class B Income - £1.2894 per share = 5.16% p.a.

Tideway GBP Hybrid Capital Fund Class B Income - £1.3562 per share = 5.42% p.a.

*Source: Link Fund Manager Solutions (Ireland) Ltd.

Natural Yield and Capital Preservation

Investors must try to avoid drawing capital from a portfolio at a time when markets are falling at all costs. The sale of “more units at lower prices” to generate a given level of distribution erodes capital quickly. With increased market volatility and a challenging backdrop for total returns, it is important for investors to draw only from ‘natural income’ as far as possible.

By taking an income that is generated naturally from the underlying assets in a fund, investors in drawdown are exposing themselves to less potential long-term capital erosion – something that will become even more important in the later years of pension draw down for example.

Note that while equities can provide a degree of inflation protection, supported by dividend and earnings growth, a typical equity income fund offers only a 3.5% yield.

Tideway’s GBP Credit Fund and GBP Hybrid Capital Fund currently offer net income of over 5% p.a.

Important Information

This press release is for information and discussion purposes only and should not be construed as personal advice to invest in the Tideway UCITS Funds ICAV nor any of the securities mentioned.

Always read the prospectus, factsheets and KIIDs before investing in any fund. Investing in Tideway UCITS Funds ICAV involves the risk of loss and there is no guarantee that all or any capital invested will be repaid. Past performance is no guarantee of future returns and the value of investments and the income they produce can fall as well as rise. Investors should make their own investment decisions based upon their own financial objectives and financial resources and, if in any doubt, should seek advice from an investment advisor.

Tideway Investment Partners LLP is authorised and regulated by the Financial Conduct Authority (FRN: 496214). Tideway GBP Hybrid Capital Fund and Tideway GBP Credit Fund are sub funds of Tideway UCITS Funds ICAV. This ICAV is authorised and regulated by the Central Bank of Ireland. This document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution would be unlawful under the securities laws of such jurisdiction. The funds are registered for distribution in the UK and Ireland.

For more information on Tideway UCITS Funds ICAV go to www.tidewayassetmanagement.co.uk
Or call James Charatan, Fund Distribution, on 0203 3143 6102.

Peter Doherty
Email: peter.doherty@tidewayinvestment.co.uk
Managing Partner and CIO
Tideway Asset Management

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Friday 4 January 2019

Tideway Investment Group comprises the following entities: Tideway Investment Partners LLP; Tideway Wealth Management Limited and Tideway Asset Management Limited. Tideway Asset Management Limited and Tideway Wealth Management Limited are appointed representatives of Tideway Investment Partners LLP, which is authorised and regulated by the Financial Conduct Authority. FCA number: 496214.

Tideway Investment Partners LLP
107 Leadenhall Street
London EC3A 4AF

+44 (0)20 3143 6100

© Tideway Investment Group 2019