Another great year for Henderson Smaller Companies – Over the year to the end of May 2018, Henderson Smaller Companies says its share price has risen by 23.8%, and the net assets by 15.9%, substantially outperforming its benchmark, the Numis Smaller Companies Index (excluding investment companies), by 10.6% – the return on the index was 5.3%. The chairman points […]
Hansteen buys portfolio from St Modwen – Hansteen has exchanged contracts to acquire a mixed-use portfolio of 34 properties. The properties are located throughout the UK with a focus on the North West and the West Midlands for £53.7m, reflecting a net initial yield after costs of 9.15% and a low capital value of £41 per sq […]
John Laing Infrastructure bid recommended by board – the Dalmore Capital / Equitix bid for John Laing Infrastructure Fund is now official and has been recommended by JLIF’s board. The terms – 142.5p cash and 3.57p in dividends are unchanged. Bidco (the company formed to make the offer) has received irrevocable undertakings to vote or procure votes to approve […]
Impact Healthcare adds another five care homes – Impact Healthcare REIT has exchanged contracts to acquire five care homes with a combined total of 218 beds for a total consideration of £12.15m. The homes are: Briardene Care Home, Sovereign Lodge and Sovereign Court, all in Westerhope to the west of Newcastle; Derwent Care Home in Hamsterley, Durham; […]
Foresight Solar buys 15 solar assets – Foresight Solar Fund Limited has completed the acquisition of a 100% interest in a portfolio of 15 operational solar assets in the UK with a total installed capacity of 114 MW for approximately £47m, including the benefit of all cash flows from the portfolio since 1 April 2018. This deal […]
Summit Germany takes control of GxP German Properties – Summit Germany has entered into an unconditional agreement to acquire around 72% of GxP German Properties AG, a company listed on the Frankfurt Stock Exchange, from Consus Real Estate AG and other minority holders. GxP owns an office portfolio of ca. EUR166 million in major German cities, mainly […]
Tekla Healthcare top specialist fund performer in July Tekla Healthcare Opportunities, a US closed end fund that invests largely in US large cap pharma and biotech, saw the best investment performance of the 14 specialist biotech specialist investors monitored by Marten & Co, in terms of its sterling-adjusted NAV performance for the month of July. Switzerland’s BB […]
Ranger reports positive development in Princeton fight – the bankruptcy court has already ruled that portions of Ranger Direct Lending‘s claims against Princeton and the general partner in pending arbitration proceedings could proceed and be fully adjudicated. The arbitration panel has now rendered a “Partial Final Award” on Phase I of the arbitration as follows: Princeton breached […]
Better second half for Diverse Income but annual result still lags All-Share – Over the year to the end of May 2018, Diverse Income Trust generated a return on NAV of 5.2%, a little less than the return on the All-Share Index of 6.5%. total dividends rose by 13.3% to 3.4p and there is also a special dividend of 0.23p. […]
HBM sees best share price performance in YTD period London-listed HBM Healthcare (HBMN) recorded the best share price price performance so far this year of the 14 biotech specialist investment trusts monitored by Marten & Co, with a 25% rise in the seven months to end July. HBM’s share price outstripped growth in NAV, which […]
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