VH Global Energy Infrastructure has issued a statement on the impact of tariffs on its Brownsville fuel terminals in Texas. The Brownsville plant imports oil slurry from Mexico and refines that into a useful product. I wrote this up this morning, but the company said that I misunderstood the announcement, so I’m happy to put […]
JPMorgan Emerging Europe Middle East and Africa has published results covering the 12 months ended 31 October 2024. Pleasingly, the trust beat its benchmark (S&P Emerging Europe, Middle East & Africa) by 1.7 percentage points, returning 13.6% on NAV to the index’s 11.9%. However, the share price continued its usual volatile and unpredictable path and […]
In QuotedData’s morning briefing 4 February 2025: M&G Credit Income (MGCI) is convening a meeting on 27 February to approve the issue of up to 31,002,226 shares (20% of its issued share capital). The company has already issued 9.6m shares since its AGM in 2024 and was running out of room to issue more. [It […]
Keystone Positive Change says that at its general meeting, over 60% of the votes cast were against Saba’s requisitioned resolutions. Excluding the votes Saba cast in favour of its own requisitioned resolutions (representing 1,650,762 votes and approximately 38.87% of the votes cast), only a further 33,845 votes, representing just 0.80% of the votes cast, were […]
Shareholders at Baillie Gifford US Growth have voted to reject Saba’s proposals for the trust by 65.6% to 34.4%. Excluding the shares voted by Saba, approximately 98.5% of the votes cast were against the requisitioned resolutions. The turnout (the percentage of eligible shares that were voted) was 78.4%, not that far shy of that at […]
The board of Henderson European Trust says that it has been notified that the company’s two co-portfolio managers, Tom O’Hara and Jamie Ross, have resigned from Janus Henderson Investors. With effect from today, Robert Schramm-Fuchs and Nick Sheridan, experienced portfolio managers who have worked in the manager’s European Equities team since 2014 and 2009 respectively, […]
As at 31 December 2024, Chrysalis Investments’ unaudited NAV was 156.62p. That is a 15.36p (11%) increase since 30 September 2024. Most of the increase came from an uplift in the fair value of the portfolio (+11.38p), foreign exchange moves added 1.39p, and the share buyback added 2.76p; other income, fees and expenses make up […]
Patria Private Equity has published results covering the 12-months ended 30 September 2024. Over that period, its NAV total return was 2.4%. However, a narrowing of its discount from 43.2% to 31.4% helped generate a return to shareholders of 24.9%. The dividend rose to 16.8p from 16.0p. Highlights: Portfolio return in local currency – The […]
Over the course of 2024, the board of HarbourVest Global Private Equity (HVPE) says it consulted extensively, listened to and reflected on the views of a broad range of shareholders. The board strongly believes in the importance of funds such as HVPE in democratising private equity ownership for all investors. However, it shares the frustrations […]
In QuotedData’s morning briefing 30 January 2025: Dunedin Enterprise (DNE) says it has made a first distribution payment under its liquidation of £3.52 per share AEW UK REIT (AEWU) has reported a NAV uplift of 0.9% to 110.02p per share over the quarter to 31 December 2024. This produced a NAV total return of 2.7% […]
