In QuotedData’s morning briefing 17 February 2025:
- Fair Oaks Income (FAIR) is returning $4.5m to holders of its realisation shares on 28 February 2025 by way of a compulsory partial redemption of realisation shares. This sixth redemption since the share class was created will be effected at 56.58 US cents per share (NAV as at 31 January 2025 less a 2 cent dividend). As at today’s date, the company has 41,086,020 realisation shares in issue of which none are held in treasury. On this basis approximately 19.36% of each registered shareholding would be redeemed.
- CVC Income & Growth is holding its next semi-annual tender process in March. Just 14,494 euro shares (CVCE) and 17,381 sterling (CVCG) shares have been tendered in total, and 430 of these euro shares and 12 of the sterling shares have been placed with investors.
- Schroder REIT (SREI) has posted a 2.5% uplift in NAV to 60.9p per share in the quarter to 31 December 2024. This, with dividends, results in a NAV total return for the quarter of 4.0%, reflecting the company’s strongest quarterly performance since June 2022. [This is further evidence that the tide is turning for real estate valuations]. Quarterly EPRA earnings increased 6.7% to 1.0p per share, fully covering its quarterly dividend of 0.879p.
We also have:
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Edinburgh Worldwide rejects Saba, monumental waste of time and money
Jupiter Green shareholders offered cash exit or option to rollover into open-ended trust
Saba withdraws requisition notice on European Smaller Companies Trust
Why you should consider infrastructure debt for your investment portfolio
