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% […]
Edinburgh Worldwide has announced that shareholders on Lloyds-owned platforms can now vote in the 14th February general meeting after resolving platform issues. If you are an investor in Edinburgh Worldwide through Scottish Widows, Embark, or Stock Trader, you should now have the option to vote. Previously, Lloyds had tried to claim that these votes were […]
In QuotedData’s morning briefing 28 January 2025: Bluefield Solar (BSIF) will pay its first quarterly dividend of the new financial year on 7 March. The 2.2p dividend is the first of what is targeted to be 8.9p for the full year (up from 8.8p), which is expected to be covered by earnings post debt amortisation. […]
