Edison Investment Research Limited 
Axiom European Financial Debt Fund (AXI): Initiation - Capital opportunities 
14-Apr-2021 / 08:08 GMT/BST 
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London, UK, 14 April 2021 
 
Axiom European Financial Debt Fund (AXI): Initiation - Capital opportunities 
Axiom European Financial Debt Fund (AXI) is a closed-end fund that invests in European financials regulatory capital. 
If a bank's operations and equity position are robust enough to withstand shock asset losses, these instruments can be 
to a way to earn a premium return. Axiom also seeks opportunities from regulatory changes that lead banks to redeem 
some of their legacy instruments that no longer have the same capital rating under stricter rules. This is a niche 
space where it is important to be familiar with not only the banks, but also regulation, local legislation and even 
politics. The portfolio has a 6.1% running yield; 7.3% to perpetuity. The stock is trading on a 6.5% dividend, 8% below 
NAV. 
 
The shares are trading at an 8% discount to NAV, with a trailing dividend yield of 6.5%. The dividend has been stable 
since 2016. 
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1184430 14-Apr-2021

(END) Dow Jones Newswires

April 14, 2021 03:08 ET (07:08 GMT)