In QuotedData’s morning briefing 15 April 2021:
- Tufton Oceanic (SHIP) has acquired a Handysize Bulk Carrier for $14.3m. The vessel has a fixed rate time charter for eleven to thirteen months to a large maritime transport and logistics company. In addition, the Containership Swordfish has a new fixed rate time charter for fifteen to seventeen months from the end of May 2021 at a yield substantially higher than the containership run rate yield of 14.7% reported in the company’s fourth quarter factsheet for 2020.
- UIL Finance (UTL) says 11,791,350 2022 ZDP shares (representing approximately 23.6% of the total number of 2022 ZDP Shares in issue) elected to rollover their position into 2028 ZDP shares. Up to 16,213,080 new 2028 ZDP shares will be issued, on the basis of each 2022 ZDP Share converting into 1.375 new 2028 ZDP shares. UIL Finance is proposing to issue up to 8,786,920 new 2028 ZDP shares in connection with an Initial Placing, Intermediaries Offer and Offer for Subscription of these shares. Closing date is 20 April.
- CatCo Reinsurance (CAT / CATC) says a further $19.2m ($3.4m for the ordinary shareholders and $15.8m for the C shareholders) is now available to return to shareholders by way of a compulsory redemption of shares. Details to follow soon.
- CIP Merchant Capital (CIP) has invested £1.1m to buy 1,440,000 shares in Ixico an “artificial intelligence data analytics company delivering insights in neuroscience“. This take CIP’s stake to 6.7%.
We also have an update from Electra and annual results from NB Distressed Debt.