Vietnam Property Fund Limited, VPF

VPF is a closed-end property investment fund listed on the Irish Stock Exchange. The fund is managed by Dragon Capital Management Limited. The fund undertakes investments in Vietnam's real estate sector via the securities of real estate companies, and through specially created holding structures in the real estate projects across all sectors including office, residential for lease, residential for sale, industrial, retail and hotels/resorts.

Bid 0.50Offer 0.55Updated 31/10/2014NAV 0.78As at 31/10/2014

Vietnam is one of the world's most dynamic real estate markets. VPF's investment focus will be to originate opportunities for investment across all sectors and geographies of the real estate market. VPF is designed to adapt to the evolving nature of the market. Investments will be geared toward minority positions in real estate projects and companies. However, VPF will not exclude investments where it will have sole or primary responsibility for managing an investment asset. VPF expects to focus capital deployment into real estate projects, but will also consider strategic investments into real estate companies.

VPF will seek to capitalise on the Investment Manager's real estate experience in Vietnam of over 15 years, and its resulting knowledge of Vietnam's business environment.

For further information relating to VPF please contact vpf@dragoncapital.com.

Fund Information
Structure Cayman registered closed-end fund
Inception Date 11 April 2008
Issued Shares 84,963,949
Fund Size US$65.93m (as at 31 October 2014)
Term of Fund 10 years
NAV Frequency Monthly
Base Currency US$
Investment Restrictions 20% of NAV in any one specific investment
Target Sector Real Estate - Vietnam
Listed Dublin, Irish Stock Exchange
Target Location A minimum of 80% of assets to be investment in Vietnam, with the Company to consider investment opportunities in Laos, Cambodia and China.
Company Details Vietnam Property Fund Limited is an exempt company incorporated under the laws of the Cayman Islands registered with the Cayman companies register under number WK197241.
Comapny Address Maples Corporate Services Limited
PO Box 309, Ugland House
Grand Cayman, KY1-1104
Cayman Islands
Share Class Ordinary Shares
Bloomberg VPF ID
Reuters DRAGON1
ISIN KYG9362H1083
SEDOL B9JL3Q3
CUSIP G9362H108
Annual Management Fee 2% of NAV (Monthly)
Performance Fee 20% of the increase in annual NAV over a hurdle rate of 8% with a high water mark
Directors of Fund Andrew Legge, Alastair Orr Ewing, Simon Landy, Laurence Hayes, Gregory Djerejian
Portfolio Manager Fraser Wilson
Administrator & Custodian Standard Chartered Bank
Listing Agent McCann FitzGerald Listing Services Limited
Auditors KPMG Limited
Legal Advisor (Cayman Islands) Maples and Calder
Legal Advisor (UK & Vietnam) Freshfields Brukhaus Deringer
Company Secretary & Registrar
Maples Secretaries (Cayman) Limited

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