In QuotedData’s other news 19 March 2020 –
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Alcentra European Floating Rate Income (AEFS) said its top performing credits for in February were names that had been weaker in prior periods but saw improved outlook and traded higher in the period. The top credit, a pharmaceutical company, traded +4.6% higher after the company was refinanced and the debt was repaid at par. The second best credit, a funeral service provider, was +3.6% higher on better results and investor sentiment around the name. The weaker names were generally those with some risk from the COVID-19 coronavirus outbreak as well as credits with name specific news. The weakest credit was a financial services provider, which was -6.1% lower on the news of new potential M&A and marginally weaker results. The second weakest credit was a manufacturing supplier which was -4.0% lower on the back of COVID-19 headlines.
- BB Healthcare (BBH) said it had been advised that, given concerns arising from the Covid-19 pandemic and the recent UK Government advice in relation to measures to manage the pandemic, the venue and facilities for the AGM are no longer available. The AGM will still proceed on the notified date and time, 11 a.m. on 23 March 2020, but the board has determined that it will instead be held at Mermaid House, 2 Puddle Dock, London, EC4V 3DB. All other details of the AGM remain unchanged from those notified on 20 February 2020.
There will be no presentation from the managers and the sole business of the meeting will be to propose the resolutions as set out in the notice of AGM.
BBH added: “BBH considers the well-being of shareholders as a key priority and we are closely observing the Covid-19 situation and given the health risks of attendance (and, indeed, by that time, there may be legal measures in place which mean you may not be able to attend) we strongly recommend that all shareholders on this occasion vote online or submit their proxy forms remotely to ensure their vote counts at the AGM.”
Elsewhere, NewRiver REIT said it would have to withhold payment of its fourth quarter dividend, we had annual results from JPMorgan Claverhouse and GCP Asset Backed Income, as well as an update from Schroder Real Estate..