Utilico Investments Ltd (UTL)

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Company Description

Utilico Investments Ltd was incorporated under the name Utilico Limited on January 17, 2007 in Bermuda. On January 18, 2011 Utilico Limited changed its name to Utilico Investments Limited. It is a closed-end investment company. The Company's investment objective is to maximize shareholder returns by identifying and investing in investments where the underlying value is not reflected in the market price. The Company has the flexibility to invest in shares, bonds, convertibles and other types of securities, including noninvestment grade bonds and to invest in unlisted securities. The Company may also use derivative instruments such as American Depositary Receipts, promissory notes, foreign currency hedges, interest rate hedges, contracts for difference, financial futures, call and put options and warrants and similar instruments for investment purposes and efficient portfolio management , including protecting the Company's portfolio and balance sheet from major corrections and reducing, transferring or eliminating investment risks in its investments...