In QuotedData’s morning briefing 27 October 2022:
- Taylor Maritime Investments (TMI) is reporting a fall in its NAV which at 30 September 2022 was $1.70, a decrease of about 5% since 30 June 2022. The market value of the vessel portfolio at the quarter end was $447m, down about 15% on a like-for-like basis over the quarter, as softer charter rates and typical seasonal weakness affected asset values.
We also have news of a planned merger between JPMorgan Elect and JPMorgan Global Growth and Income, a new investment mandate for JPMorgan Russian, and annual results for JPMorgan Global Emerging Markets Income.