In QuotedData’s other news 20 February 2020
- Hadrian’s Wall Secured Investments (HWSL) has served notice on Hadrian’s Wall Capital Limited to terminate its investment advisory agreement, this will take effect in 12 months. This is tied up with the decision to wind up the fund taken recently.
- India’s Supreme Court has ruled in favour of Alpha Real Trust (ARTL) in its dispute over its Galaxia investment. Logix were ordered to pay INR 860m (£9.3m) to ART, of which INR 292m (£3.1m) is due within 3 months and the balance within 8 months. The court is permitting Logix to sell the Galaxia site, in order to raise capital. The site is currently under offer for INR 568m.
- Alcentra European Floating Rate (AEFS) is holding a 20% tender. 11.3% of its shares have been tendered and these will be cashed in at a price equal to the 31 March NAV less 1.5%.
- Riverstone Credit (RCOI) says that from IPO to end December it made an NAV return of 3.5% but a share price return of -4.5%. $90.4m of the $100m IPO proceeds has been committed and $61.8m invested. One loan has been repaid early with an added benefit to the fund.
We also have results from Brunner, a windfarm acquisition by Greencoat UK Wind, a new NAV for NextEnergy Solar and a planned fundraise by Regional REIT