Business Description
UIL Limited is a Bermuda-based closed-ended investment fund, founded in 2003 and run by ICM Limited, that buys shares in essential service businesses such as water, energy, transportation, and telecommunications companies around the world. The fund focuses on finding undervalued companies with strong finances, reliable cash flows, and the ability to pay consistent dividends. Its performance is measured against leading utility and broad market indexes, including the FTSE Utilities Index and the Dow Jones World Utilities Index.
