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QuotedData’s morning briefing 20 April 2021

In QuotedData’s morning briefing 20 April 2021:

  • Octopus Renewables (ORIT) has secured debt finance for the construction, commissioning, operation and maintenance of a wind farm in Cerisou, France. The new €43.2m debt facility is provided by Société Générale. Construction at Cerisou is on schedule to begin in H2 2021, with the project expected to be fully operational in H2 2022. The facility will amortise over 23 years from the commercial operations date of the project, with a flat 1.30% interest margin above EURIBOR over the duration of the loan. 90% of the project’s notional interest rate exposure under the term loan has been hedged.
  • Marwyn Value Investors (MVI) is committing about £9.2m each in two special purpose acquisition companies (SPACs) – MAC II and MAC III. The SPACs plan to raise up to £200m each.
  • NB Global Monthly Income Fund (NBMI) results show an NAV return per share of 3.0% for 2020 and a return to shareholders of -7.0%. Dividends totalled 3.9p, down from 4.77p as yields on loans fell. The target for 2021 is  0.39p per month. The company shrank considerably during the year through buybacks and an oversubscribed cash exit opportunity.
  • Fair Oaks Income says that 62,562,883 of its 2017 shares have opted to go into a realisation pool, while 405,815,477 of its 2017 shares will rollover into  new 2021 shares, giving the ongoing company an opening market cap of about $266m.
  • Yew Grove REIT will issue 13,350,000 new shares at 95 cents per share. It has a near term identified acquisition pipeline of approximately €72m. The seven pipeline properties have net investment yields of between 6.83% – 8.25%, and short-term reversionary yields of between 7.51% – 9.20%.
  • Gulf Investment Fund is switching is listing to the Specialist Fund Segment of the London Stock Exchange

We also have results from Aquila European Renewables and acquisitions by Impact Healthcare REIT

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