Hipgnosis Songs Fund is proposing that the governing Articles of the company are amended, to enshrine the payment of a fee, at the board’s discretion, of up to £20m (in aggregate) by the company to any prospective bidders who approach the board seeking to make an acquisition of the company’s assets on terms that the […]
In QuotedData’s morning briefing 18 January 2024: Octopus Renewables Infrastructure Trust (ORIT) is targeting a total dividend of 6.02p for the current calendar year, up 4% from 2023’s 5.79p. The increase matches UK inflation as measured by CPI, making it three years in a row that it has increased dividends by UK inflation [although the […]
Since October 2023, we have been keeping you up to date with the investment companies industry’s fight to address misleading cost disclosures. Yesterday, we joined with around 300 co-signatories in submitting a response to HM Treasury’s call for comments on its proposed solution. You can read the document here. It is more than a little […]
The boards of LondonMetric and LXi have reached agreement on the terms of a recommended all-share merger. LondonMetric will acquire the entire issued and to be issued ordinary share capital of LXi as the merger is effected by means of a scheme of arrangement under Part 26 of the Companies Act. Each LXi shareholder will […]
NB Private Equity has just announced its latest dividend. William Maltby, the chairman said “Today’s announced $22m dividend represents the 23rd consecutive dividend payment to be made to shareholders, taking total capital returned to shareholders via dividends to $338m since 2013. Given the continued strong realisation activity in the portfolio, with $171m of realisation proceeds […]
Tufton Oceanic Assets has agreed to sell two Handysize Product Tankers, Pollock and Dachshund, for a total of $41.75m, which represents a 3.1% premium to the two vessels most recent holding NAV of $40.5m. The price helps confirm Tufton’s NAV methodology, while also demonstrating its ability to divest portfolio vessels at or above NAV. The […]
Atrato Onsite Assets reports that for the 12 months ended 30 September 2023, its NAV total return was 4.6%. The NAV per share slipped slightly from 92.8p to 92.0p but the dividend was increased from 3.01p to 5.0p. The dividend target for the current financial year is 5.5p and the board says that the 12-month […]
In QuotedData’s morning briefing 11 January 2024: Hipgnosis (SONG) says that Sylvia Coleman has resigned as independent non-executive director with immediate effect. Robert Naylor (the chairman) thanked her for the help she provided to him and and his fellow new board directors over the last few months, and wished her all the best for success […]
Jupiter Asset Management has announced that Ben Whitmore, the current manager of the Jupiter UK Special Situations Fund (assets under management – AUM – of £2.1bn), Jupiter Income Trust (AUM £1.6bn), Jupiter Global Value Unit Trust (AUM £1.0bn) and Jupiter Global Value SICAV (AUM £0.5bn), and segregated mandates with a further £4.8bn of AUM – […]
Given the choice between cash and shares in Henderson High Income, it was good to see that a sizeable proportion of Henderson Diversified Income shareholders opted to roll over their holding into Henderson High Income. The elections in connection with the scheme were: Rollover option: 100,050,505 shares Cash option: 82,022,212 shares On a temporary basis, […]
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