UK Mortgages gives acquisition update UK Mortgages (UKML) and its investment manager, TwentyFour Asset Management LLP have announced that heads of terms have been agreed for the purchase of a recently originated pool of mortgages. The transaction is expected to complete in the coming months and the likely size is expected to deploy the company’s current […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
