In QuotedData’s other news 4 November EPE Special Opportunities has appointed a new administrator (Not gone into administration as we first read the headline!!). Langham Hall Fund Management (Jersey) Limited replaces R&H Fund Services (Jersey) Limited. Globaworth is paying €185m for two Polish offices – Chmielna 89 is a 14-storey office development, situated directly adjacent to […]
We woke this morning to annual results from Asia Dragon Trust – which was a bit confusing as it is not a fund we have ever heard of – turns out that Edinburgh Dragon’s board decided to change the name of the trust with immediate effect – the ticker becomes DGN. Given that this is […]
In QuotedData’s other news 1 November 2019 RM Secured Direct Lending has renewed and amended its revolving credit facility with OakNorth. Under the terms of the amended facility, the company may draw down loans up to an aggregate value of GBP 10.5 million, on materially similar terms as the previous facility. The new facility will expire […]
Yew Grove buys Athlone office – Yew Grove REIT has reached agreement to purchase an office building at the IDA Ireland Business and Technology Park, Garrycastle, Athlone (situated in Ireland’s Midlands region). The purchase price for the building will be EUR12 million, which represents a net initial yield of 7.2 per cent. after accounting for […]
Henderson International Income struggles in chaotic year – over the year to the end of August 2019, Henderson International Income generated a zero return on NAV and a -1.4% return to shareholders. this compares to an 8.0% return for the MSCI World Index ex UK in sterling, the company’s performance benchmark. As the chairman explains […]
In QuotedData’s other news 30 October 2019 Schroder European Real Estate has added €0.8m to its rent roll with three lettings at its St Cloud office complex and has drawn down another €4m on its loan to fund capital expenditure within its portfolio. Riverstone Energy reported a $275.8m unrealised loss for the third quarter of 2019. […]
Revamp pays off for Aberdeen Standard Asia Focus – Over the year ended 31 July 2017, the NAV of Aberdeen Standard Asia Focus (formerly Aberdeen Asian Smaller Companies) rose by 7.1%. In comparison, the MSCI All Countries Asia Pacific ex-Japan Small Cap Index lost 0.5% and the more large cap MSCI AC Asia Pacific ex […]
In QuotedData’s other news 24 October 2019 Gabelli Merger Plus reported a return of 3.7% on NAV but, after discount widening, a return to shareholders of -6.5% for the year ended 30 June 2019. The best index comparisons are probably the S&P Merger Arbitrage Index which returned 8.33%, and the CS Merger Arbitrage Liquid Index, up […]
Schroder gets Woodford Patient Capital – The board of Woodford Patient Capital Trust plc has agreed heads of terms to appoint Schroder Investment Management Limited as the company’s portfolio manager. Shortly following the appointment, which is expected by the end of 2019, the company will be renamed Schroder UK Public Private Trust plc. Schroder intends to […]
Troy to absorb Cameron – Troy Income & Growth Trust has reached agreement, in principle, on the terms of a merger with Cameron Investors Trust. This would be effected by way of a scheme of reconstruction of Cameron under section 110 of the Insolvency Act 1986, which will result in the voluntary liquidation of Cameron and […]
