News

QuotedData’s morning briefing 8 June 2020

  • As per the announcement made on 30 April, the board of SQN Asset Finance Income (SQN) has announced the appointment of KKV Investment Management (KKV) as portfolio manager of the company and the appointment of International Fund Management as the company’s AIFM. KKV is a newly formed investment management company, majority owned by Kvika Securities, the UK operating subsidiary of Kvika Banki hf., a Nordic publicly traded commercial bank focusing on asset management and investment services. SQN is to hold a continuation vote later this month. Click here to read our earlier article on SQN’s manager reshuffle.
  • Regional REIT (RGL), announced the completed sales of Buildings 2 and 3 The Oaks, Westwood Business Park, Coventry for £6.3m, reflecting a net initial yield of 6.5% and 8.6% above the latest valuation. The proceeds from the sale will be used to invest in a new opportunity.

We also have interim results from Edinburgh Worldwide,an update from CEIBA, the real estate company focused on Cuba, and the announcement of measures by Chenavari Toro Income to try and narrow its persistent discount.

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