G10 Capital Limited Disclaimer
Pursuant to the Investment Management Agreement, Warehouse REIT plc (“the Company”) has appointed G10 Capital Limited as its Investment Manager and Alternative Investment Fund Manager (“AIFM”). The AIFM is responsible for overall portfolio management and risk management of the Company and ensuring compliance with the Company’s Investment Policy and the requirements of the UK AIFM Regime and EU AIFMD that apply to the Company. No management function has been delegated by the AIFM.
The Investment Advisor, Tilstone Partners Limited, is responsible for working with and advising the Company and the AIFM in respect of investment opportunities which meet the Company’s Investment Policy, as well as managing the underlying real estate assets within the Company’s investment portfolio (which does not constitute a regulated activity under FSMA). Tilstone Partners Limited is an Appointed Representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).
AIFMD Leverage Disclosure
Under the UK AIFM Regime and EU AIFMD, the Company is required to calculate leverage under the two methodologies specified by the Directive, the ‘Gross Method’ and the ‘Commitment Method’. The AIFM has currently set a maximum limit of 200% on the use of leverage based on the Gross Method and a maximum limit of 200% on the use of leverage based on the Commitment Method, which the AIFM considers consistent with the gearing limit set out in the Company’s Investment Policy. As of 31/12/2022, the Company’s current levels of leverage are 156% based on the Gross Method and 157% based on the Commitment Method.