TwentyFour Income Fund (TFIF) is “deeply saddened” to announce the death of Joanne Fintzen, its senior independent director. Fintzen, who also served on the board of JPMorgan Claverhouse (JCH), was a solicitor and former European general counsel for Citigroup Alternative Investments. She joined the debt fund’s board as a non-executive director in 2019.
Home REIT (HOME) has placed its four subsidiaries into creditors’ voluntary liquidation following the sale of its last remainng assets for £809,777. This is a precursor to any return of capital to shareholders.
Castlenau Group (CGL), the £310m special situations investment company run by Gary Channon at Phoenix Asset Management Partners, has published half-year results showing a 0.8% rise in net asset value (NAV) per share that underperformed the 7.2% return from the FTSE All-Share. The share price dropped 5.1% ending the period 20.8% below NAV. No dividend was declared. The underlying gain in NAV was driven by a 1.7% rise in Valderrama, the holding company for undertakers Dignity Plc which represents 85% of the portfolio, with a smaller contribution from model railway company Hornby, a 5.5% position. Regarding the wide share price discount, the company said: “There remains an on-going focus to attract new investors to the share register and develop our investor relations offering.”
Unite (UTG), the retrenching student accommodation provider, said it had seen a slight rise in occupancy over last year although the percentage of reserved beds for 2026/27 was flat at 95%. It expected 0.5-1% like for like income growth for the coming academic year and reiterated its guidance for adjusted earnings per share of 41.5-43p in the current financial year. The shares fell 3.6% to 468.4p on going ex-dividend.
