Digital 9 Infrastructure (DGI9) has announced that it has entered into a binding agreement for the divestment of its interests in subsea cable investment EMIC-1, with completion expected by March 2025. The $42m consideration, which is net of $2.6m of transaction costs, represents a 15% discount (approximately 0.7p per share) to the latest valuation of $49.6m […]
In QuotedData’s morning briefing 27 December 2024: Syncona Limited (SYNC) announced that its investment, Achilles Therapeutics, has sold its technology assets to AstraZeneca. Completion of this transaction signals the conclusion of its strategic review which was announced in September 2024. Achilles now plans to undertake additional measures, including a further reduction in employee headcount and […]
Chenavari Toro Income Fund (TORO) announced its annual results for the year ended 30 September 2024. The company delivered a NAV total return of 12.76% and a share price total return of 36.36%. Dividends totalling 6.58 cents per share were declared for the year, for a yield of 10.2%. As of publishing, the discount stood […]
In QuotedData’s morning briefing 24 December 2024: Weiss Korea Opportunity Fund (WKOF) has provided an update on its recently announced strategic review. The company notes that it is making good progress with a number of credible options identified from third-party proposals received. The board anticipates that short-listed proposals will be discussed and assessed in detail […]
Saba Capital Management has announced that it has requisitioned the boards of directors of Baillie Gifford US Growth Trust USA), CQS Natural Resources Growth & Income (CYN), Edinburgh Worldwide Investment Trust (EWI), European Smaller Companies Trust (ESCT), Henderson Opportunities Trust (HOT), Herald Investment Trust (HRI) and Keystone Positive Change Investment Trust (KPC) to convene general […]
Downing Renewables & Infrastructure trust announced the completion of the sale of DORE’s entire interest in Gabrielsberget wind farm in Sweden to Angel Wind, a subsidiary of Bagnall Energy. Completion of the sale crystallises a total return of c.54% over DORE’s investment period in Gabrielsberget. DORE purchased Gabrielsberget in January 2022 for a total consideration […]
In QuotedData’s morning briefing 18 December: Taylor Maritime Investments (TMI) has released its interim results for the six months to 30 September 2024. The company delivered a NAV total return of 2.6% while the total share price return was 4.5%. The company declared dividends of 4.00 US cents per ordinary share, for a current yield […]
Ecofin Global Utilities and Infrastructure Trust (EGL) announced its annual results for the year ended 30 September 2024. The company delivered an impressive NAV total return of 25.9%. This performance exceeded those of the comparable global infrastructure and utilities sector indices, as well as general equity benchmarks such as the MSCI World index and was achieved despite a significant headwind from sterling […]
In QuotedData’s morning briefing 17 December 2024: The Global Smaller Companies Trust (GSCT) announced its interim report for the six months to 31 October 2024. The company delivered a NAV total return of 2.7% compared to the benchmark total return of 5.7%. The share price ended the period at 160.6p, delivering a total return to […]
In QuotedData’s morning briefing 11 December 2024: Taylor Maritime Investments (TMI) announced it is proposing to transfer the company’s equity shares listing from the closed-ended investment funds category to the equity shares (commercial companies) category of the official list. This follows the completion of the acquisition of Grindrod Shipping Holdings Ltd on 16 August 2024, […]
