Mobius (MMIT), the £167m emerging markets smaller companies investment trust, has suffered a setback after investors sold 43.1% of its shares in a three-yearly redemption facility. Valid redemption requests were received for over 49.7m shares by yesterday’s deadline, said the company, which was co-founded by pioneering emerging markets fund manager Mark Mobius seven years ago. […]
Chrysalis Investments (CHRY) is weighing proposals for its future after the growth capital fund found investors split on the investment company’s next step. A six-month consultation by investment bank Rothschild & Co with holders of 58% of Chrysalis shares found “widespread agreement” that the £613m pre-flotation, private equity fund holds attractive investments, such as Starling […]
Life Science REIT summmons shareholders to a meeting to approve its managed wind-down and Partners Group Private Equity reports a good gain in September. Life Science REIT (LABS) is calling shareholders to a general meeting in London on 24 November to approve a change in its investment policy in order for the company to begin […]
PRS REIT (PRSR) has finalised its takeover by Waypoint Asset Management on behalf of four UK local authority pension schemes. Shares in the family rental home provider jumped 2.7%, or 3p, to 114.4p this afternoon as the real estate investment trust announced it had secured essentially the same terms outlined by the two sides seven weeks ago, adjusted for changes in […]
A drop in the number of Chinese students has hit Empiric Student Property (ESP), 10 weeks after shareholders approved its £634m takeover by Unite (UTG). In a trading update, the student accommodation provider warned that since 9 September a slowdown in reservations across the university sector meant that just 89% of its rooms were booked for the current academic year, down from 95% last October, although it had seen […]
Ecofin US Renewables (RNEW), the £33m infrastructure fund that began a managed wind-down last December, has agreed to sell “Whirlwind”, its troubled 59.8MW wind project in Texas, for a maximum of $30m. Although that is in line with the asset’s $29.9m valuation at 30 June only $12m of the payment will be upfront upon completion […]
Ocean Wilsons (OCN) says “adverse weather conditions resulting from the proximity of Hurricane Melissa to Bermuda” have delayed the court sanction hearing into shareholder Arnhold’s objections to its merger with Hansa Investment Company (HANA). The hearing started on Thursday but due to reduced court time will continue this week. Ocean Wilsons will make a further […]
Golden Prospect Precious Metals (GPM) has reminded shareholders of their annual right to buy one new share for every five they own with next month’s subscription offer looking attractive after the share price soared 127% this year on the back of the gold rally. The company’s policy is to allow shareholders to buy the new […]
Octopus Renewables Infrastructure Trust (ORIT) says Kansai Electric Power Company of Japan is buying an 80% stake in the offshore wind development arm of portfolio company Simply Blue Holdings. The transaction is in line with the latest holding value of Simply Blue, which ORIT wrote down by 25% in August. Proceeds will be used in […]
Home REIT (HOME), the suspended former homeless accommodation provider, says “due diligence is progressing” on the non-binding offers it received for the portfolio in February and anticipates the sale process will conclude by the end of the year although it cautions that timing and outcome are uncertain. Meanwhile fund manager AEW continues to prepare properties […]
