Invesco Asia Dragon publishes maiden annual results after its merger, shipping fund Taylor Maritime sells 10 vessels, Custodian Property Income starts share buybacks and Caledonia shareholders approve its share split.
TwentyFour Income (TFIF) underlined why it is one of the UK’s biggest listed debt funds today with another strong set of annual results and a further increase in the 9.7%-yielder’s dividends. The £867m investment company invests in high-yielding, floating rate asset-backed securities (ABS) in the UK and Europe, an increasingly popular area for income investors […]
Foresight Solar (FSFL), the £499m potential bid target that survived a continuation vote last month, has committed another £10m to share buybacks and reported a positive trading update. The extra £10m will bring total share purchases to £60m, marking it out as one of the renewables sector’s largest efforts to align stock prices with net […]
Menhaden Resource Efficiency updates on its liquidation and return of capital, Bellevue Healthcare wins support for its zero discount policy and Vicky Hastings resigns from the board of Alliance Witan. Plus a string of holding changes in companies including European Smaller and Fidelity Japan.
Investment companies will be able to issue up to 100% of their share capital without issuing a prospectus, the Financial Conduct Authority says. The investment companies sector caught a rare break from the City regulator today when the Financial Conduct Authority announced that London-listed closed-end funds could raise up to 100% of their existing share […]
Two partial disposals of top-10 holdings should leave the Swiss-run private equity fund with sufficient cash to start share buybacks, say analysts. Partners Group Private Equity has sold down two top 10 investments, paving the way for the start of much-needed share buybacks under its new capital allocation policy announced four months ago. Euro shares […]
Home REIT, the suspended homeless shelter provider, confirms Alvarium Fund Managers, its former alternative investment manager (AIFM) and its principal AlTi Re, have entered administration. The former alternative investment manager (AIFM) of Home REIT (HOME) has collapsed, potentially complicating shareholders’ search for compensation for their losses in the suspended real estate investment trust. A short […]
Finsbury Growth & Income fund manager has used cash from the recent buyout of Hargreaves Lansdown to acquire shares in Auto Trader. Finsbury Growth & Income (FGT) fund manager Nick Train has used cash from this year’s £5.4bn private equity bid for former holding Hargreaves Lansdown to buy a new position in Auto Trader (AUTO), […]
KCR Residential Reit board directors survive an attempt to oust them and debt fund Sequoia Economic Infrastructure Income Fund says tariff pressures eased last month. KCR Residential Reit (KCR) says resolutions to replace all its board directors were soundly defeated at yesterday’s annual general meeting with the support of Torchlight Fund, which holds a 55.4% […]
Top-performing AVI Global Trust allocates 3% of its assets into South Korea just as Weiss Korea Opportunity Fund gives up on a cheap market that has so far not dispelled concerns about poor corporate governance. AVI Global (AGT), whose bargain-hunting investments have propelled it to the top of the Global sector over five years, has […]
