In QuotedData’s morning briefing for 20 February 2024
- NB Global Monthly Income Fund (NBMI) has announced that it intends to distribute to shareholders an aggregate amount of approximately £23m by way of a partial compulsory redemption of shares on 4 March 2024. The redemption will amount to c. 69% of existing shares of shareholders on the register. The redemption comes as a follow on to the passing of resolutions tabled at the EGM held on 27 January 2023, with NBMI’s investment objective now to realise all existing assets in the trust’s portfolio in an orderly manner.
- Starwood European Real Estate Finance (SWEF) has announced the trust’s fourth capital distribution of c.£20m. This distribution is being funded by the previously announced full €18.8m repayment of the Madrid Office loan received in December 2023 and a partial repayment, received in January 2024, of €6.0m from Hotel, Dublin. The distribution will be made via a compulsory partial redemption of shares at a price of £1.0308 per share.
- GCP Infrastructure (GCP) has announced that it has reduced its total revolving credit facility (RCF) commitments to £150m, down from £190m previously. GCP’s current net debt position is £72m, following a £10m repayment as part of the recent refinancing of its RCF. GCP remains committed to materially repay the RCF and intends to return at least £50m of capital to shareholders during 2024 as has been set out previously.
- Marble Point Loan Financing (MPLF) has announced a distribution to holders of the liquidating shares of $0.0350 per 2023 liquidating share.