Montanaro European Smaller Companies has announced three strategic initiatives designed to strengthen the investment proposition and deliver value for all shareholders. These are: Regular 5% tender offers targeted at improving liquidity Active share buy back policy aimed at reducing the volatility of the discount Reduced management fees Regular tender offers to improve liquidity: Conscious of […]
M&G Credit Income delivered a return of 8.08% over 2024, compared to a benchmark return of 9.50%. The share price total return was 14.6%, however, as the shares moved from trading on a 4.2% discount to a 1.6% premium. The dividend was upped from 7.96p to 8.53p. Some of that came from capital as the […]
Henderson High Income’s results for 2024 show an NAV return of 9.4% and share price return of 10.8%, both ahead of the company’s benchmark (80% of the FTSE All-Share Index (total return) and 20% of the ICE BofA Sterling Non-Gilts Index) which returned 7.9%. The dividend rose from 10.35p to 10.60p (making it 12 years […]
International Public Partnerships has announced results for the year to 31 December 2024. The NAV per share decreased to 144.7p (31 December 2023: 152.6p) primarily driven by an increase in discount rates, reflecting the sharp rise in underlying government bond yields during the period. As a result, the weighted average discount rate has increased from […]
Octopus Renewables Infrastructure Trust has released results for the 12 months ended 31 December 2024. The NAV total return for the year was 2.5%, but the share price fell from 90p to 68p. The dividend rose by 4% to 6.02p, in line with UK inflation (CPI). The target dividend for FY 2025 is up by […]
In QuotedData’s morning briefing 27 March 2025: STS Global Income & Growth (STS) says that, with effect from 1st May 2025, Tomasz Boniek will become its co-manager, working alongside James Harries. Tomasz joined Troy’s investment team eight years ago and has been an assistant fund manager for STS Global Income and Growth since Troy’s appointment […]
On 17 April, Achilles (AIC) issued a statement on Urban Logistics which we reproduce below: Achilles Investment Company Limited notes the potential conflict of interest concerning Richard Moffitt, chief executive officer of Logistics Asset Management LLP, the investment adviser to Urban Logistics REIT plc. Mr. Moffitt also holds an interest in M1 Agency LLP, where […]
Foresight Solar Fund has published its results for 2024. Its NAV fell from 118.4p to 112.3p over the period. The chairman’s statement does not tell us what the return to shareholders was [regular readers will know how annoyed I am by this, but the share price started the year at 102.2p and finished it at […]
Shaftesbury Capital has formed a strategic, long-term partnership with Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund, in respect of its Covent Garden estate. Shaftesbury is selling a 25% non-controlling interest in the Covent Garden estate to NBIM. This values the Covent Garden estate at £2.7bn, in line with its independent property valuation […]
Fidelity European Trust has announced results for the 12 months ended 31 December 2024. The trust underperformed its benchmark over the period, returning 0.5% in NAV terms against 3.0% for the World Europe ex UK Index. The discount widened slightly too, which left shareholders with a return of -0.1%. [As with our story on European […]
