In QuotedData’s morning briefing 27 February 2025:
- CQS New City High Yield (NCYF) posted a NAV total return of 3.6% for the six months ended 31 December 2024. The share price total return was 2.9%, with the premium to NAV narrowing slightly to 4.9%. The company’s dividend yield was 8.8% at the end of 2024, based on dividends at an annualised rate of 4.50p and a share price of 51.20p. A total of £13.363m of equity was issued during the six months.
- Bluefield Solar Income Fund (BSIF) saw its NAV fall 2.9% to 126.03p per share over the six months to 31 December 2024. The company has raised its annual dividend target to 8.9p (from 8.8p), which it expects to be fully covered. The board said that given the group’s discount to NAV (30.5% today) it would explore further strategic initiatives and options to address this (following completion of its £20m buyback programme) including reviewing fee arrangements.
- Following declaration of its 4.2p interim dividend today, the offer price for BBGI Global Infrastructure (BBGI) has been altered to to 143.3p per share (from 147.5p) as per the terms of the bid from BCI.
- Mid Wynd International (MWY) posted a NAV total return of 0.8% for the six months ended 31 December 2024. In that period the company’s share price rose by 0.1%, on a total return basis. This compares to a total return from the MSCI All Country World Index (GBP) of 6.5%.
We also have:
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Riverstone Credit Opportunities Income makes progress on managed wind down
abrdn Diversified Income and Growth provides update on managed wind-down
Harmony Energy Income Trust looking to put challenges behind it
