In QuotedData’s morning briefing for 20 February 2024 NB Global Monthly Income Fund (NBMI) has announced that it intends to distribute to shareholders an aggregate amount of approximately £23m by way of a partial compulsory redemption of shares on 4 March 2024. The redemption will amount to c. 69% of existing shares of shareholders on […]
The board of Hipgnosis Songs Fund (SONG) has announced today that its investment adviser (founded by Mr Mercuriadis and where he is a director), has refused to indemnify SONG against liabilities which may arise from Mr Mercuriadis’ alleged misconduct. SONG had previously been assured by Mr Mercuriadis and the investment adviser that the legal claims […]
BlackRock Sustainable American Income Trust (BRSA) has released its financial year end results for the 12 month period ending 30 November 2023. Over the 12 months BRSA reported a NAV total return of -5.6%, and share price total return of -8.1%, both underperforming its reference index, the Russell 1000 Value Index, which returned -5.0%. The […]
BlackRock Throgmorton Trust (THRG) has released its annual results for the financial year ending 30 November 2023. Over the 12 month period THRG reported a NAV total return of -2.3% and share price total return of -0.8%. Both these represented an outperformance relative to THRG’s benchmark index, the Numis Smaller Companies plus AIM (excluding Investment […]
Hipgnosis Songs Fund (SONG) has provided an update on ongoing litigation between Hipgnosis Music Limited and Mr Mercuriadis, Hipgnosis Songs Management (SONG’s investment adviser, which is majority owned by funds managed and/or advised by Blackstone) and SONG. Hipgnosis Music Limited (of which Mr Mercuriadis was a director from 16 June 2015 and is still shown […]
In QuotedData’s morning briefing for 5 February 2024: CVC Income & Growth (CVCE) has announced an increase in its annual dividend targets, increased to 8.25p per ordinary sterling share and 7.25c per ordinary euro share. This means that CVCE’s quarterly dividends will be increased to 2.0625p per sterling share and 1.8125c per euro share. Schroders […]
Chrysalis Investments (CHRY) has released a quarterly update to end December 2023 and its annual results for the year ending 30 September 2023. This is the last set of annual results released by the CHRY team under its tenure at Jupiter, as the investment team has previously announced that it will launch its own independent […]
The board of Digital 9 Infrastructure (DGI9) has announced that following the conclusion of its strategic review, announced in November 2023, it has decided to propose a managed wind-down. The decision was made in consultation with DGI9’s financial advisers, as well as taking into account feedback received from a large number of shareholders and institutional […]
In QuotedData’s morning briefing 29 January 2024: Literacy Capital (BOOK) has provided a quarterly trading update and NAV announcement for the fourth quarter of 2023. Over the period BOOK saw a NAV uplift of $4.6m, or 7.7p per share, equal to a quarterly return of 1.6%. Its total NAV for the end of 2023 was […]
As we covered on our Wednesday news post, this week saw JPMorgan Multi Asset Growth & Income (MATE) announce its merger with JPMorgan Global Growth & Income (JGGI). For fans of investment companies, this story may seem familiar as JGGI has already swallowed up the Scottish Investment Trust and JPMorgan Elect. MATE’s board outlined several […]
