In QuotedData’s other news 29 July 2019 F&C Investment Trust is 2% behind its benchmark at the half-year stage with a return of 14.4% against 16.4% for the All-Share index. Returns were held back by the private equity investments, which returned -1.4%. The first interim dividend is 2.9p. RDI REIT has secured a number of significant […]
Woodford Patient Capital may fire Woodford – this morning the trust made the following announcement – “The Board of Woodford Patient Capital Trust plc (“WPCT” or the “Company”), as stated in the announcement on 28 June 2019, has been closely monitoring the situation at Woodford Investment Management Limited (the “Portfolio Manager”) and remains focused on […]
JPMorgan launching Global Core Real Assets fund – A prospectus has been published this morning in connection with the launch of a new investment trust – JPMorgan Global Core Real Assets – if that means very little to you – they say the fund will invest in the likes of: Infrastructure: long-term, core infrastructure assets […]
Witan borrows for 32 years – Witan Investment Trust has agreed to issue a £50m fixed rate 32 year secured private placement note at a coupon of 2.39%. The announcement says that the purpose of this transaction is to obtain fixed rate long dated sterling denominated financing at a pricing level that it considers attractive. Witan […]
Oliver Gardey takes on ICG Enterprise – ICG Enterprise Trust says that its manager, ICG, has appointed Oliver Gardey to lead the investment team. Oliver will join in autumn 2019 and succeed Emma Osborne who, as previously announced, will move to a senior adviser role within ICG at the end of this year. In her new role, […]
Blue Planet halves dividend after asset allocation error – Blue Planet has reported a second successive year of capital losses and underperformance of its benchmark. Over the year to the end of April 2019, its NAV total return was -3.2% (-4.4% in 2018) against a return of 3.2% (8.5% in 2018) for the benchmark (“an index […]
Ruffer reports a loss – Ruffer Investment Company has published unaudited results for the year ended 30 June 2019. For a company which is dedicated to preserving investors’ capital, the results were a disappointment. The total return on the NAV was -0.9% but a widening discount meant that the return to shareholders was -5.7%.The dividend […]
In QuotedData’s other news 23 July 2019: Yesterday’s mystery about who bought Woodford’s stake in Crystal Amber has been cleared up. Discount-driven investor, 1607 Capital Partners, announced that they now have a 10.34% stake in the company. The trades were done at 190p, a 23.7% discount to NAV and 3p below the market bid price at […]
Woodford Patient Capital reportedly puts £10m into Atom Bank Atom Bank has announced this morning that it has raised £50m from a group of investors including Woodford Patient Capital. One website is saying that WPCT’s share was £10m. From Atom’s news page: “Atom bank, the UK’s first bank built exclusively for mobile and the UK’s […]
Yew Grove REIT buys three industrial properties – Yew Grove REIT has exchanged contracts on a portfolio of three industrial buildings at the IDA Business and Technology Park, Garrycastle, Athlone. The purchase price was EUR13 million, which represents a net initial yield of 7.6 per cent. after accounting for purchase costs, and a potential reversionary yield […]
