The board of Invesco Select Trust has reviewed the company and its strategy, with the objective of broadening the appeal of the company as well as improving liquidity and narrowing the discount. It intends to put forward proposals to shareholders to simplify the corporate structure and to introduce certain features that it believes will appeal […]
JPMorgan Asia Growth and Income says that over the 12 months ended 30 September 2023, it genetrated an NAV return of 6.4% and a return to shareholders of 7.3% (as the discount narrowed slightly during the review period, to 9.2% at end September 2023, from 9.6%), both better than the 1.4% return on the benchmark […]
In QuotedData’s morning briefing 14 December 2023: JZ Capital Partners (JZCP) is getting $62.5m in connection with the sale of Felix Storch from the portfolio of secondary investments that it sold in 2020. It had the right to share in distributions from that fund above an agreed limit. The transaction adds 19 cents to its […]
Hipgnosis Songs Fund (SONG) has announced the sale of about 20,000 non-core songs for $23.1m, representing approximately 1% of its portfolio. The announcement says that these songs are a subset of those identified as the potential $25m second disposal announced in September. They were bought, together with some “iconic songs” in 2020, as part of […]
The 12 month period ended 30 September 2023 was not a great one for Finsbury Growth and Income. It is reporting an NAV return for the period of 7.2% and a share price return of 7.5% which compare to an All-Share return of 13.8%. This is now the third consecutive accounting period where the trust […]
Whirlwind – Texas wind asset Ecofin US Renewables’s 59.8 MW Whirlwind Energy wind farm in Texas, has now moved significantly closer to coming back online. The asset management team of Ecofin Advisors, LLC has been working with the relevant counterparties to restore generation from Whirlwind following the tornado damage to a nearby substation in June […]
In QuotedData’s morning briefing 7 December 2023: Laurence Fumagalli plans to step down from his role as co-head of the Schroders Greencoat LLP team managing Greencoat UK Wind (UKW) on 1 March 2024. Matt Ridley, a partner at Schroders Greencoat, will succeed Laurence to co-manage the fund alongside Stephen Lilley. Matt is currently head of […]
Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: abrdn China and Fidelity China Special Solutions (1:08) Troy Income and Growth and STS Global Income and Growth (4:33) Vietnam Holding (8:16) Digital 9 Infrastructure […]
Another week, another bout of corporate activity. Subject to shareholder approval, abrdn China is to be absorbed by Fidelity China Special Situations, and Troy Income and Growth will merge with STS Global Income and Growth. In addition, abrdn European Logistics Income announced a strategic review, Downing Renewables and Infrastructure Trust said that it would consider […]
Over the year to 30 September 2023, BlackRock Frontier Markets produced an NAV total return of +25.1% (in US dollars), compared to an increase in its benchmark index of +5.0%. For Sterling based shareholders, the equivalent return for the year was +14.3%, with the index returning -3.9%, representing an outperformance of 18.2%. The discount narrowed […]
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