- Round Hill Music (RHM) announced that it has acquired the remaining share of the catalogue of music publishing rights of Big Loud Shirt Industries. The company also acquired 50% of the income streams from Craig Wiseman, the multi award-winning country music songwriter and producer who is also the founder and owner of Big Loud Shirt, a leading independent music publisher. The acquisition will be immediately income accretive, enhancing both revenues and NAV.
- Weiss Korea Opportunity Fund (WKOF) published its monthly fact sheet to the end of July 2023. Its NAV return for the month was up 1.3%, although this trailed the MSCI Korea 25/50 Net Total Return Index and iShares MSCI Korea UCITS ETF, which were up 6.4% and 5.1% respectively. Still despite the short term weakness, company returns are more than double both indices since inception in 2013.
- UK Commercial Property REIT (UKCM) announced a NAV increase of 0.6% for the second quarter of 2023, reflecting portfolio quality and strength. This continues the trend of portfolio value stabilisation seen throughout the year and compares favourably to the MSCI UK Monthly Property Index where capital values fell by 0.4% over the quarter.
- LondonMetric Property (LMT) announced that it has completed on the acquisition of CT Property Trust Limited.The acquisition adds a high quality and complementary portfolio of assets with significant asset management opportunities and strong rental reversion potential. It also offers material cost savings, economies of scale and an attractive debt structure, with the Acquisition expected to be earnings accretive.
We also have an annual report from The Diverse Income Trust.