RTW Biotech Opportunities (RTW) has provided an update on Arix and its capital allocation plan. RTW has now completed the previously announced $57.1m acquisition of a 25.5% stake in Arix. RTW intends to utilise its stake to vote in favour of the “Arix scheme” at Arix’s forthcoming AGM. RTW intends to leverage its position in […]
In QuotedData’s morning briefing 22 January 2024: HgCapital Trust (HGT) has announced that it has sold its entire stake in Argus Media, a leading independent provider of intelligence to the global energy and commodity markets. HGT will sell its shareholding to Argus’s current CEO Adrian Binks, and General Atlantic, a major minority shareholder. The transaction […]
In QuotedData’s morning briefing 15 January 2024: RM Infrastructure Income (RMII) has announced that it was successful in a legal claim against the former main contractor for its student accommodation located in the city centre of Coventry, UK. RMII was awarded circa £1.2m by the adjudicator, with circa 90% of said sums now having been […]
In QuotedData’s morning briefing for 8 January 2024: Aquila European Renewables (AERI) has announced that it has entered into a €50m five-year debt facility with ING Bank N.V. Sucursal en España. The facility is secured by AERI’s wholly owned Spanish solar PV portfolio, with the leverage equal to 26%. The pricing of the debt remains […]
Chenavari Toro Income Fund (TORO) has released its annual results for the year ending 30 September 2023: TORO reported a NAV total return of 11.25% for the year, and a negative share price total return of (4.27%). TORO’s NAV return exceeded the 10% target it sets itself. Gross performance contribution for the year can be […]
In QuotedData’s morning briefing for 28 December 2023: The board of Downing Strategic Micro-Cap Investment Trust (DSM) has provided an update on its plans to return capital to shareholders. The board had previously concluded that the best option would be a managed wind down of the investment portfolio. Having worked closely with the investment manager, […]
TwentyFour Select Monthly Income Fund (SMIF) has released its annual results for the year ending 30 September 2023. Over the period SMIF reported a NAV per share total return of 17.54% over the year, with its portfolio returning 12.26%. SMIF’s objective is to generate a return of 8-10% per year. The largest contributor to SMIF’s […]
Majedie Investments (MAJE) has released its annual results for the year ending 30 September 2023, and is the first set of results to be released under its new investment manager, Marylebone Partners. MAJE reported a NAV total return of 14.1% and share price total return of 26.2% for the period. MAJE appointed its new investment […]
In QuotedData’s morning briefing 18 December 2023: US Solar (USF) has announced that six of its Oregon projects have signed new long-term contracts to sell Renewable Energy Certificates (RECs). The REC contracts and revised estimates of future REC prices are expected to increase USF’s NAV by c.$7.6m based on the 30 September NAV ($286.3 million) […]
An early Christmas present We hope that all of our readers are getting into the festive spirit, and to help with that the gracious team at JPMorgan has given us an early Christmas present. For those who are not yet aware, JPMorgan Asset Management (JPM), which runs numerous investment trusts such as JPMorgan Japan (JFJ) […]
