In QuotedData’s morning briefing 16 June 2020:
- Pollen Street secured Lending has confirmed that it will extend the deadline for Waterfall Asset Management to make a bid for the company to 14 July 2020. It reminds us that Investec, the company’s largest shareholder, has given an irrevocable undertaking to accept the bid until 21 August 2020. The board also says that it has consulted with shareholders and determined that the preferred option, were the bid not to happen, would be for an orderly run off of the portfolio and gradual liquidation. It says ” there does not appear to be majority support for a continuation of the existing investment strategy with either the current or a new manager.”
- Congratulations are due to PRS REIT, which has completed its 2000th new rental home, a three-bedroom house at its Abbotsfield development in St Helens, Merseyside, and part of a development of 102 high-quality family homes. A further c.2,900 homes are currently at various stages of development for the PRS REIT.
We also have results from Seneca Global Income & Growth and details of SQN Asset Finance Income’s proposals. RTW’s Avidity IPO seems to have gone well.