In QuotedData’s morning briefing 4 June 2025:

• JPMorgan Japanese Investment Trust has announced the appointment of Takashi Maruyama as a non-executive director, effective 1 October 2025. He will succeed George Olcott, who is set to retire from the board in January 2026 at the end of his tenure. Mr. Maruyama brings over 30 years of experience in global investment management, most recently serving as CIO and Managing Executive Officer at Asset Management One, one of Japan’s largest asset managers. His prior roles include CIO of FIL Investments (Japan) and senior leadership positions at Nikko Asset Management and DIAM USA. The board highlighted his deep expertise in Japanese equities and cross-border investment strategy as valuable additions to the Company. Mr. Maruyama is based in Japan and currently holds no shares in the trust.
• CQS Natural Resources Growth and Income (CYN) will be hosting a live online investor presentation on 10 June 2025 at 11:00 BST via the Investor Meet Company platform. Co-managers Robert Crayfourd and Keith Watson will provide an update on the Company and take questions from shareholders. Questions can be submitted in advance until 09:00 BST on 9 June, or live during the event. The presentation is open to both existing and potential investors and those already following CYN on that platform will receive an automatic invitation. Otherwise, you can click here to register for free.
• TwentyFour Select Monthly Income Fund (SMIF) has announced that it received tender submissions for a total of 80,406 ordinary shares in respect of the upcoming tender quarter with a record date of 30 June 2025.
• Following the recommended cash offer for BBGI Global Infrastructure by Bidco (a vehicle indirectly controlled by British Columbia Investment Management Corporation) being declared unconditional on 20 May 2025, Bidco has confirmed that the offer will close at 1pm on 17 June 2025. Bidco is urging shareholders who have not yet accepted its offer to do so ahead of the deadline. It has reiterated that delisting of BBGI’s shares is scheduled to take effect from 8am on 18 June 2025 and that shareholders that choose not to accept risk holding illiquid shares post-delisting. Bidco also reminds shareholders holding their investment through platforms or CREST may require additional time to process instructions. Bidco has also reiterated that following delisting, it may pursue an asset sale, with BBGI potentially transferring its assets to Bidco or its affiliates. It says, once again, that there is no guarantee that remaining shareholders would receive the same value from such a sale as they would by accepting the current offer.
• Warehouse REIT (WHR) has exchanged contracts for the acquisition of Rycote Lane, a multi-let industrial estate near Thame, in the Oxford-Cambridge Arc. This acquisition follows a previous forward funding arrangement announced in 2022 to acquire the 173,000 sq ft scheme once completed, for a total commitment of £35m. Having terminated that arrangement after making an initial payment of £1.75m, the company is now progressing the acquisition of this completed and well-let asset for a further £34.75m, reflecting the de-risked nature of the asset. The scheme comprises 14 units, ranging in size from 3,000 sq ft to over 50,000 sq ft, and is 98% occupied, generating a contracted rent of £2.1m, equating to a net initial yield of 5.6%. The acquisition is expected to complete at the end of September 2025. 

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