In QuotedData’s other news 28 May 2019:
- A new fund – Riverstone Credit Opportunities : RCOI – starts trading today, having raised $100m from professional investors to lend money to energy (mainly oil and gas) companies
- CQS New City High Yield announced that an administrative error had led to it overstating its NAV between 25 April and 22 May (by 1p). The dividend was not excluded from the NAV after it went ex-dividend.
- Gresham House Energy Storage raised £49.72m from its placing (target was £75m). It is expected that the net proceeds of the placing will be fully deployed by the end of the first quarter of 2020. The statement says a number of potential investors are looking at the energy storage market and the fund may issue more shares over coming months.
- Real Estate Credit Opportunities raised £78m through the issue of 45,882,353 new ordinary shares at 170p. The company now has authority to issue up to a further 54,117,647 shares until 2 November 2019.
- Duke Royalty put £1.4m into its royalty partner Welltel (Ireland) Limited, a telecommunications company currently employing 70 people and providing managed services to over 3,000 business customers in Ireland and internationally.
We also have stories on Hipgnosis, Tritax Big Box REIT and Biotech Growth