QuotedData’s morning briefing 2 July 2024 – JGGI, RTW, IHR

In QuotedData’s morning briefing 2 July 2024:

• JPMorgan Global Growth & Income (JGGI) announced that it intends to pay dividends totalling 22.80 pence per share (5.70 pence per share per quarter) in relation to its financial year commencing 1st July 2024. This is in line with its policy of paying out 4.0% of the company’s net asset value as at 30th June 2024 and represents an increase of 23.6% on the last financial year’s total dividend of 18.44 pence per share. This will be the ninth consecutive year that the dividend has been raised.
• RTW Biotech Opportunities (RTW) announced investments in new private portfolio companies, Mirador Therapeutics and Santa Ana Bio. The company, alongside other investment vehicles managed by RTW Investments participated in Mirador’s Series A financing round that raised over $400 million for its launch in March.
• Impact Healthcare REIT (IHR) has sold five care homes for £8.8m, in line with the latest valuation. IHR has exchanged on the sale of three care homes in East Yorkshire for a total of £4.3m. The purchaser is a local owner and operator, and the transaction is subject to re-registration of the care home operations from the current tenant, Minster Care Management, to the purchaser which requires the approval of the independent regulator, the Care Quality Commission. Completion is expected during the third quarter of this year. Additionally, IHR has completed the sale of two care homes in Wales for a total of £4.5m. The company acquired the five care homes as part of its IPO seed portfolio in May 2017.

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