In QuotedData’s morning briefing 25 January 2023:
- JPMorgan Global Core Real Assets (JARA) has declared a fourth quarterly interim dividend of 1.05p per share for the year ending 28th February 2023. This will be paid on 24th February 2023 to shareholders on the register as at the close of business on 3rd February 2023. The ex-dividend date will be 2nd February 2023. So far, JARA has paid three interim dividends of 1p each, so payment of the fourth quarterly dividend will bring the total distributions for the current financial year to 4.05p (FY 2022: 4p). JARA’s board says that, for the financial year ending 29th February 2024, it intends to pay three equal interim dividends and, as in the current year, to pay any increment in the final distribution once the Board has clarity on the Company’s revenue account and the level of distributable reserves.
- Taylor Maritime Investments (TMI/TMIP) will release its next quarterly net asset value (NAV) and trading update for the period ended 31 December 2022 (the third quarter of the 2022 financial year) on Friday 27 January 2023. The company’s CEO, Ed Buttery, will hold a conference call to discuss the Company’s results on Friday 27 January 2023 at 10:00am Greenwich Mean Time (GMT), which will be open to existing shareholders and institutional investors. To register interest for the call, send an enquiry to IR@tminvestments.com.
- Further to the announcement of 20 January 2023, Downing Strategic Micro-Cap (DSM) has published a circular setting out recommended proposals for the amendment of its articles of association to allow the allotment and issue of a non-redeemable preference management share. As previously announced, DSM has identified a technical legal issue with its share capital structure. Under the Companies Act 2006, DSM must have at least one non-redeemable share in issue, but all of the current issued shares in the company are redeemable. To rectify this, DSM’s Board is convening a general meeting to get the necessary permissions to create the new share class and to allot one such share. As announced previously, DSM will not be able to buyback any shares until the resolution has been passed and the non-redeemable preference management share has been issued to the investment manager. However, once these conditions have been met, DSM will recommence share buybacks immediately. DSM says that none of the proposals will have an impact on its 2024 cash exit proposal as previously announced. The General Meeting will be held at St Magnus House, 3 Lower Thames Street, London EC3R 6HD on 20 February 2023 at 11.30 am.
We also have Gore Street Energy Storage’s acquisition of its largest project in the US to date.