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QuotedData’s morning briefing 15 October 2020

In QuotedData’s morning briefing 15 October 2020

  • Polar Capital Global Healthcare has agreed a fee reduction with its manager. The base management fee prior to the revision was 0.85% on the lower of the market capitalisation and adjusted net asset value. The revised fee, which is in place with effect from 1 October 2020, is 0.75% a year based on the lower of the market capitalisation and adjusted net asset value.
  • On top of the £89.2m that Urban Logistics REIT raised from its placing,  It also raised £0.6m from the retail open offer and £2.5 million under the institutional offer. Applications for the retail open offer exceeded the maximum number of shares, and accordingly were scaled back pro rata, with the company meeting applications for approximately 16% of shares applied for under the retail open offer excess application facility. All valid applications received under the institutional offer will be met in full.
  • Baillie Gifford China Growth Trust has started reissuing some of the shares it bought back in its tender offer. Over the past few days, it has reissued 701,750 shares, raising over £3m for the company.

We also have results from JPMorgan Smaller Companies and Jupiter UK Growth.

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