Subdued performance for Blackstone/GSO but asset quality maintained – Blackstone/GSO Loan Financing Limited (BGLF / BGLP) has released its final results for the year ended 31 December 2017. Performance was somewhat subdued in 2017, after a strong year in 2016. This was mostly due to market conditions and in particular asset spread compression*. However, the underlying […]
EJF Investments released results from IPO to 31 December 2017 – since EJF Investments (EJFI) IPO’ed in 2017, Total Net Asset Value return per ordinary share has risen by 23.47%. This allowed for cash dividends of 2.4 pence per ordinary share to be announced in April, June and October 2017 and an increased cash dividend of 2.5 pence per share […]
Hg agrees sale of Radius to Vistra – HgCapital Trust (HGT) has announced that it has sold one of its investments, Radius to Vistra. The company will realise estimated cash proceeds of approximately £18.8m on completion of this transaction. In terms of investment returns, based on the NAV of HgCapital Trust at 31 March 2018, this […]
A fair year for Witan Pacific and an asset allocation switch – in its annual report for the year to 31st January 2018, Witan Pacific (WPC) reported modest underperformance and a switch of investment managers within its multi-manager structure. Performance The NAV total return of Witan Pacific (WPC) was 17.3% and the share price total return was 22.1%, compared […]
Summit Germany reports more than doubling of net profit – Summit Germany (SMTG) released its audited results for the year ended 31 December 2017 Summit Germany is focused on building a substantial portfolio of commercial properties. The company’s investments are primarily made in multi-let commercial office, retail and logistics properties situated mainly in Germany’s main financial […]
One year extension for BECAP Fund- Better Capital (BCAP) has announced that it has consented to an extension of BECAP Fund (the 2009 fund) of one further year to 17 December 2019. The board considers that a further extension to the 2009 fund will help to provide an appropriate time frame in which the general partner of the […]
DP Aircraft 1 releases its final report for the year ended 31 December 2017 – DP Aircraft 1 (DPA)’s investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then, when the Board considers it is appropriate, selling aircraft. DP Aircraft I Limited owns two Boeing 787-8 aircraft, […]
Infrastructure India increases its bridging loan Infrastructure India (IIP) has agreed a US$2.0m increase of the existing US$26.0m unsecured bridging loan facility. The enlargement of the bridging loan will provide the group with additional capital whilst it continues to progress its ongoing financing discussions with a third party in relation to a potential financing. The company says […]
Ranger Direct Lending responds to Oaktree’s wind-down proposal – Ranger Direct Lending (RDL) has published its response to a letter from Oaktree Capital Management, L.P., proposing a wind-down of the company. Click here to see a copy of the text of the letter from Oaktree and a copy of Ranger Direct Lending’s response: 180425 Oaktree letter and Ranger […]
Baker Steel Resources’ share price rises 63.5%, discount narrows from 40% to 5.5% – Baker Steel Resources (BSRT) released its final report for the full year to 31st December 2017. The chairman noted that commodity prices consolidated on the gains made the previous year and then moved forward again towards the end of the year on the […]
