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QuotedData’s morning briefing 25 August 2022

a cup of tea, a croissant and some magazines

In QuotedData’s morning briefing 25 August 2022:

  • Triple Point Social Housing REIT (SOHO) has announced that Fitch Ratings has affirmed its existing Investment Grade, long-term Issuer Default Rating (IDR) of ‘A-‘ with a stable outlook and a senior secured rating of ‘A’ for the Group’s existing loan notes. Click here to read the Fitch Rating Action Commentary in full.

  • Following an announcement on 23 June 2022 that it was exploring the possibility of migrating its listing from AIM to the main market, Rockwood Strategic (RKW) has announced that it intends to apply for its ordinary shares to be admitted to listing on the premium listing segment of the Official List and to trading on the premium segment of the London Stock Exchange’ main market. RKW’s board says that it wishes to improve the tax efficiency of the Company as expediently as possible, and believes that the conversion of the Company to an investment trust, as defined by section 1158 of the Corporation Tax 2010 (“Investment Trust”), for the financial year commencing 1 April 2023 and subsequent periods thereafter is in the best interests of the Company and its shareholders. Approval as an Investment Trust requires the Company’s share classes to be admitted to the Official List, hence the proposed migration. RKW’s board believes that Admission to the Official List will broaden the range of investors for whom the fund is regarded as suitable which, in time, is expected to benefit trading liquidity in the Company’s shares.

  • Further to an announcement on 15 August 2022, Digital 9 Infrastructure (DGI9) says that is has received confirmation that it is eligible for admission to the premium listing segment of the Official List. Reflecting this, it has the necessary applications to the FCA and London Stock Exchange that will see its shares move from trading on the Specialist Fund Segment to the Premium Segment of the Main Market of the London Stock Exchange. DGI9’s board believes that the Company will benefit over time from the Migration with an increase of its profile as an investment company, diversification of the Company’s share register with access to blue chip UK and international investors, as well as from potential FTSE index inclusion. Main market admission is expected to occur with effect from 8.00 a.m. on 30 August 2022.

We also have Urban Logistic REIT’s acquisition of five assets “with significant value creation potential”; and Oakley Capital’s investment in Affinitas Education.

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