- Pantheon Infrastructure (PINT) announced a £52.5m increase to its existing £62.5m multicurrency revolving credit facility bringing the total to £115m. The increase in the loan facility provides the company with additional liquidity to support further investment in high-quality infrastructure assets from PINT’s near-term investment pipeline. The loan facility is currently undrawn.
- abrdn Diversified Income and Growth (ADIG) released its annual report for the the six months ended 31 March 2023. The company’s net asset value per share, with debt at fair value and including income, delivered a total return of 2.2%. Losses on the revaluation of investments were broadly offset by gains resulting from the management of currency risk. The company’s share price total return (which assumes dividends are reinvested) was -6.5% with the share price discount to NAV widening from 23.7% to 29.8% at 31 March 2023. Management noted that the drop in the share price appears to be driven predominantly by the stock market currently applying a substantial discount to private equity assets, reflecting uncertainties over asset valuations.
- Greencoat UK Wind (UKW) announced that it has completed the acquisition of Dalquhandy wind farm from BayWa r.e. with the purchase being funded from cash reserves. With the completion of the acquisition, the company’s net generating capacity is now 1,652MW.
- The Renewables Infrastructure Group (TRIG) announced the cancellation of its scrip dividend alternative in respect of the Q1 Dividend as the mid-market closing price of an ordinary share as at 6 June 2023 (being the day before the quarterly dividend reference date) was at a discount greater than 10% discount to the quarterly scrip share reference price which was announced on 18 May 2023. Accordingly, shareholders will receive the full cash dividend in respect of the Q1 dividend and can choose to apply this in acquiring ordinary shares in the secondary market.
- Securities Trust of Scotland has changed its name to STS Global Income & Growth Trust. The change of name became effective on 5 June 2023.
We also have annual reports from Worldwide Healthcare and LXI REIT