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QuotedData’s morning briefing 1 June 2021

In QuotedData’s morning briefing 1 June 2021:

  • Blackstone Loan Financing has announced plans for a share repurchase programme to repurchase ordinary shares within certain pre-set parameters, following the expiry of the previous programme on 26 May 2021. The new share repurchase programme will start today and will run until the company’s upcoming AGM on 23 July 2021. Any shares purchased pursuant to the Share Repurchase Programme will count towards the company’s general buy back authority of 14.99% of issued share capital. Blackstone Loan Financing has appointed Winterflood Investment Trusts and N+1 Singer Capital Markets as joint brokers, who have been instructed to buy up to 5 million shares at EUR 0.75 per share. If shareholders have any interest in selling their shares they should contact their usual contact at Winterflood or N+1 Singer by no later than 2pm on 3 June 2021. If there is insufficient demand to sell shares at this price the company reserves the right to increase the bid price.
  • India Capital Growth has hired Lynne Duquemin as a non-executive director, replacing Peter Niven, who will retire from the board at the end of 2021. The company also announced its next annual general meeting will take place on 14 July 2021.
  • Secured Income Fund is reviewing its film production financing portfolio, which had a book value for all six loans of £9,586,462 as of April 30, 2021. The portfolio comprises six film financings and manager, KKV, has established that the restrictions and changed operating practices resulting from the COVID pandemic are likely to have a significantly bigger detrimental impact on these assets than originally anticipated. The review is expected to result in a substantial increase in provisioning against the book values of all six loans. KKV said it is working proactively with the borrower to ensure the best possible outcome for shareholders.
  • The Renewables Infrastructure Group (TRIG) and HICL Infrastructure (HICL) have both published their 2021 Sustainability Reports, which are available to view on their respective websites.

Meanwhile, Caledonia Investments has sold its largest holding and BBGI has secured a new revolving credit facility. Triple Point Energy Infrastructure has bought one of its pipeline companies, identified at IPO and BH Macro and BH Global agree heads of terms for a propsed combination.

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