AEW UK REIT upbeat despite small NAV hit – over the three months ending 30 September 2020, AEW UK REIT’s NAV fell from 93.37p to 92.73p and its EPRA earnings per share fell from 1.81p in the previous quarter to 1.60p. That still works out as a positive NAV total return figure of 1.46%, however. […]
Ground Rents Income tower cladding fight drags on – Ground Rents Income Fund has provided an update regarding the ongoing litigation at Beetham Tower, Manchester. This is a mixed use residential and hotel asset owned by a subsidiary of Ground Rents Income called North West Ground Rents Limited (“NWGR”). The litigation at Beetham Tower relates […]
In QuotedData’s morning briefing 22 October 2020: BMO Real Estate Investments has reported a 1.9% fall in NAV (from 96.6p to 94.8p) for the quarter ended 30 September and a negative 1.3% NAV total return. As expected, it is having problems collecting rent from retail tenants, which account for 25.9% of the portfolio (with retail warehouses […]
Aberdeen Standard Asia Focus borrows long term – Aberdeen Standard Asia Focus has agreed terms to extend and secure the company’s long-term borrowings through the issuance of a £30m 15-year Senior Unsecured Loan Note at an annualised interest rate of 3.05%. The loan note will be unsecured, unlisted and denominated in sterling. It will rank pari […]
Jupiter US beats benchmark but discount widens – Jupiter US Smaller Companies has published results for the year ended 30 June 2020. The company reports a 3.2% fall in NAV compared to a fall of 3.8% in the benchmark (sterling-adjusted Russell 2000 Total Return Index). The discount widened from 9.3% to 15.6% and the share price fell by […]
TRIG buys Haut Vannier wind farm – The Renewables Infrastructure Group has acquired a 100% interest in Haut Vannier SAS, with the rights to construct a 43MW wind farm located in Haute-Marne, approximately 65km northeast of the city of Dijon in France. The project was developed by Envision and Velocita, who will continue to carry out the […]
In QuotedData’s morning briefing 20 October 2020 Hg Capital has made a further investment in The Access Group. £38.8m of this is coming from the trust and other institutional clients of Hg are investing alongside HGT through the Hg Genesis 8 Fund. Pollen Street Secured Lending has changed its name and is now Alternative Credit Investments […]
Stephen Macklow-Smith retiring – The board of JPMorgan European Investment Trust has been informed by J.P. Morgan Asset Management that after 23 years with JPMorgan, all of which spent as the portfolio manager of the company, Stephen Macklow-Smith has decided to retire from asset management. He will leave J. P. Morgan Asset Management on 31st December 2020. […]
Round Hill Music prospectus published – We promised to bring you Round Hill’s prospectus when it was published – here it is. Round Hill Music Royalty Fund aims to provide investors with an attractive level of regular and growing income and capital returns from investment primarily in high quality, music intellectual property. The company will invest […]
Alliance swaps FPA for Lomas – Alliance Trust reports that its investment manager, Willis Towers Watson, has appointed Lomas Capital Management LLC as managers to a portfolio for its multi-manager investment strategy. Alliance Trust’s assets are managed by nine expert stock pickers. Each of these runs a high conviction, 20-stock portfolio. Lomas’ investment process identifies economic […]
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