In QuotedData’s other news 14 November 2019
- At the half-year stage (30 September in its case), Next Energy Solar’s NAV crept up to 111.2p from 110.9p, supporting a 6.7% return to shareholders. Dividends for the first half totalled 3.44p, up from 3.325p. Electricity generation was 5% above budget, powering the equivalent of 134,000 homes for the period.
- CLO investor, Fair Oaks Income plans to increase its exposure to B and BB rated mezzanine notes – effectively going up the capital structure to invest in less risky positions. After price falls, these offer yields to maturity of 14% and 10% respectively. The purchases will be financed from cash it has received from maturing investments. It hasn’t bought a new CLO for over a year, believing that the returns offered were not attractive. The fund made a similar move into mezzanine notes in 2016 and that worked well.
- RM Secured Lending is issuing 10m shares at £1 in respect of its placing. The shares have dipped to 99.5p.
We also have results from Schroder Income Growth, interims from Urban Logistics and Great Portland Estates as well as trading updates from Regional REIT and Safestore.