In QuotedData’s morning briefing 30 September 2021: International Public Partnerships (INPP) says its £40m investment in the Rampion OFTO project looks likely to complete in November after Ofgem approved it on Tuesday. The project relates to the transmission cable connection to the Rampion offshore wind farm located 13km off the Sussex coast. The wind farm […]
Round Hill Music buys O’Jays catalogue – Round Hill Music Royalty Fund has acquired 100% of the master royalty income of 532 original recordings from the American classic R&B group, The O’Jays. Highlights: the catalogue comprises 532 original recordings, including hits such as “Love Train“, “Use Ta Be My Girl“, “Cry Together“, “Back Stabbers“, “For The […]
In QuotedData’s morning briefing 28 September 2021: Over the six months ended 31 July 2021, North American Income Trust (NAIT) beat its benchmark by 2.2%, producing a return on NAV of 19.8% against 17.6% for the Russell 1000 Index. The statement says that “This was mainly attributable to the positioning in the technology sector, as […]
We had results this week from two of the giants of the UK equity income sector. The City of London Trust, which has been managed for 30 years by Job Curtis at Janus Henderson, celebrated its 55th consecutive year of dividend increases. Rival, Murray Income can ‘only’ boast a 48-year track record of consecutive dividend […]
European Opportunities results overshadowed by Wirecard – European Opportunities has published results for the year ended 31 May 2021 and they don’t look good. Over the period, the trust returned 1.2% in NAV terms and 0.1% in share price terms. This compares to a return on the MSCI Europe Index of 24.6%. The dividend was […]
Better year for Gulf Investments but tender offer looms For the year ended 30 June 2021, Gulf Investment Fund generated an NAV return of 42.4%, very marginally less than the return on its benchmark S&P GCC Composite Index of 45.2%. A small narrowing of its discount meant that shareholders’ returns matched those of the index. […]
In QuotedData’s morning briefing 23 September 2021: Acorn Income has published a circular convening the meetings necessary to get shareholder approval for its plan to liquidate and offer investors a choice of cash or a rollover into an open-ended fund managed by Unicorn – the Unicorn UK Income Fund – this will be the default […]
For the 12 months ended 30 June 2021, Murray Income returned 20.6% in NAV terms against 21.4% for the All-Share Index. The return to shareholders was 18.5% as the discount widened from 5.0% to 6.8%. However, since the period end the trust’s relative performance has improved. The dividend was increased marginally from 34.25p to 34.5p […]
The City of London Investment Trust has published results covering the year ended 30 June 2021. It just failed to match its benchmark over the period – returning 20.0% in NAV terms and 21.3% in share price terms against 21.5% for the All-Share Index. It also underperformed its peer group – the AIC UK Equity […]
Schroder UK Public Private saw its NAV rise by 16.1% to 40.65p over the six months ended 30 June. As we reported last week, the upcoming IPO of Oxford Nanopore could see this rise further. In the private equity portfolio two new investments were made into Tessian and Revolut. The portfolio had 34 holdings, 25 […]
