In QuotedData’s morning briefing 23 April 2020
Happy St George’s day!
- Premier Global Infrastructure won the continuation vote that was put to shareholders at yesterday’s AGM
- TOC Property Backed Lending has delayed the payment of its next dividend from 4 May to 1 June. It says “The ability of borrowers to meet their interest payment and capital repayment obligations continues to be actively monitored; however, it remains necessary to assume that certain borrowers may not be able to fully meet their obligations over the near term given the current trading environment.”
- Carador Income Fund’s results for 2019 were poor: -7.8% on the ordinary shares and -29.2% on the repurchase pool shares. The statement attributes this in part to the increasing concentration of the portfolio as it is turned into cash and returned to shareholders. J Richard Blewitt, the portfolio adviser has resigned from GSO but the manager is now waiving its management fee. The NAV of the US dollar shares is down 37.3% over 2020
We also have results from North American Income Trust, Riverstone Energy and Vietnam Enterprise, new investments by Hipgnosis and Syncona, and covid-19 related updates from US Solar, Standard Life Investments Property Income and Globalworth Real Estate.