In QuotedData’s morning briefing 5 May 2020
- Diverse Income received redemption requests from holders of 20.2m shares (5.35%) of the company. The price that they get for their shares will be revealed later this month. That is not a bad result given the market backdrop, but Diverse Income has turned out to be one of the most resilient UK equity income funds in this environment. This is helped by it having relatively little exposure to the big dividend disasters such as Shell and the banks.
- Life Settlement Assets is merging its D and E class shares into its A share class. 2.7m new A shares are being listed today. The D and E share classes have de-listed.
- Nippon Active Value Fund is 51% invested and its NAV is up slightly from launch at 101p.
We also have trading updates from LondonMetric Property, Regional REIT and Stenprop. LondonMetric has also announced that it plans to raise money.