In QuotedData’s morning briefing 21 June 2024:

• Home REIT (HOME) has sold a further 133 properties at auction, this time for £11.36m in total. These were 7.8% below the draft August 2023 valuations. Since August 2023, the company has completed on the sale of 774 properties and exchanged on a further 205 properties, for gross proceeds of £137.0m. Sale proceeds will be used to reduce borrowings and provide working capital.
• New Star Investment Trust (NSI) proposes that £17,045,687 will be returned to shareholders by way of a B Share scheme, which will involve the bonus issue and subsequent redemption of one new B share for each ordinary share held by shareholders at 6 p.m. (London time) on 24 July 2024.
• At Marble Point Loan Financing (MPLF)’s EGM that took place yesterday, shareholders approved the proposals that were put forward by Freestone and rejected the board’s proposals. The voting was roughly 109m versus 36m. Shareholders will now get an annual rather than biennial chance to convert their ordinary shares into liquidating shares. The board wanted powers to force ordinary shares to convert and to adopt a managed wind down but shareholders disagreed.

We also have news on:

Much to be positive about at NewRiver REIT

https://quoteddata.com/2024/06/challenging-year-for-jlen/

Growth company headwinds weighed on Montanaro European Smaller Companies

Disappointing year for Worsley Investors

JPMorgan Japan Small Cap Growth and Income outpaced by value and large cap rally