In QuotedData’s morning briefing 14 April 2022: Jupiter Emerging and Frontier Income Trust’s (JEFI) board has looked at the candidates available for a rollover option and decided not to offer any of them. Shareholders will receive cash instead. A proposal to wind up the company will be put to a vote shortly – expect to […]
Octopus Renewables Infrastructure Trust has committed to invest up to €3.5m to set up and fund Nordic Renewables Limited, a new development platform focused on renewable energy assets in Finland. The investment is made alongside an equal amount from another fund managed by Octopus Renewables Limited. Nordic Renewables Limited will benefit from an exclusive joint […]
Digital 9 Infrastructure has signed a binding sale and purchase agreement for the acquisition of GAData Holdings Limited (trading as Volta Data Centres) for £45m. Volta wholly owns and operates a premier data centre facility based in central London, providing co-location services. The investment forms part of Digital 9’s metro edge data centre strategy of […]
In QuotedData’s morning briefing 13 April 2022: ICG Enterprise Trust notes that New Mountain Capital is merging Information Resources Inc., which the trust holds and invested $15m into in 2018, with The NPD Group, a global provider of market information and advisory services, with a client base of over 2,000 companies, in Hellman & Friedman’s […]
LucaNet AG has agreed a strategic investment from Hg. It hopes that this marks a key milestone in its ambition to become a global leader in corporate performance management software. Hg is taking a majority stake in the business. Existing shareholders Rolf-Jürgen Moll, Oliver Schmitz, and Dominik Duchon will maintain a substantial minority share. Mr. […]
In QuotedData’s morning briefing 12 April 2022: Diverse Income Trust is asking shareholders whether they want to take advantage of its annual share redemption facility. However, as the announcement points out, the discount is already narrow. Shareholders have until 3 May 2022 to submit redemption requests. Cash would hit accounts on 16 June or thereabouts. […]
Dunedin Income Growth has announced results for the year ended 31 January 2022. The NAV increased by 8.1% on a total return basis, underperforming the All-Share Index which produced a total return of 18.9%. The share price total return for the year was 12.5%. The chairman notes that “Large capitalisation companies whose share prices were […]
Rockwood Realisation, free from the influence of Gresham House, now plans to halt the realisation process and return to making strategic investments in smaller UK companies. Richard Staveley, who managed the portfolio for a while at Gresham, will take on responsibility for the new strategy, he’ll be advised by Christopher Mills, manager of North Atlantic […]
North American Income Trust reports an NAV total return per share of 25.7% for the 12 months ended 31 January 2022. It just failed to match the 26.3% total return for the Russell 1000 Value Index. The chairman says that this was attributable mainly to overall positioning in the technology sector and stock selection in […]
Merchants Trust has published results covering the 12 months ended 31 January 2022. The NAV total return for the period was 35.7%, comfortably ahead of the benchmark All-Share Index return of 18.9%. As economies recovered from the effects of COVID, revenue earnings per share for the year were up 38.4% over the corresponding period last […]
