In QuotedData’s other news 22 July 2019: LXI REIT has agreed a new £100m revolving credit facility, provided by Lloyds Bank plc at 1.55% per annum over LIBOR. This complements the company’s existing 10-year, 12-year and 15-year term loan facilities with Scottish Widows. The new facility has an initial term of three years, which may be extended by […]
Target Healthcare REIT sells two care homes – Target Healthcare has completed the sale of two care homes in Surrey and Essex, the price has not been disclosed. The company received offers for the homes at a combined price greater than 5% above the 31 March 2019 book value. These disposals represent less than 3% of the […]
Primary Healthcare buys Meath health centre – Primary Health Properties has completed the acquisition of The Meath Primary Healthcare Centre, Dublin 8, a standing let primary care centre in the Republic of Ireland. The company announced it was planning to make this acquisition in March. Primary Health Properties ICAV, an Irish investment vehicle wholly owned by […]
Aquila buys Norwegian wind farm – Aquila European Renewables Income Fund has announced the acquisition of its third investment, a 25.9% stake in Midfjellet Vindkraft AS, one of Norway’s largest operating wind farms. The Midtfjellet wind farm was built in three phases. Phases I and II comprise 44 N100 and N90 wind turbines (2.5 MW each) […]
JPMorgan Global Convertible gives up – At the AGM to be convened in November the board of JPMorgan Global Convertibles Income Fund was due to ask shareholders to approve a resolution to approve the continuation of the company. The board says it has been pleased with the company’s performance since the appointment of Hart Woodson as […]
TwentyFour Income Fund investors shrug off lacklustre returns – TwentyFour Income Fund has published results for the year ended 31 March 2019. Over the year, the NAV fell from 118.75p to 113.28p and the share price fell from 119.5p to 115.28p. The dividend was cut from 7.23p to 6.45p (the company was targeting dividends of at […]
In QuotedData’s other news 12 July 2019 FastForward Innovations has swapped its stake in Intensity Therapeutics for shares in Portage Biotech, a Canadian listed company part-owned by Jim Mellon (a director of FastForward). Portage has no revenue but the value of the Portage shares FastForward is getting implies a small uplift in FastForward’s NAV. Aberdeen Standard […]
Woodford watch – Proton again – Last Friday we wrote a short piece on Woodford Patient Capital’s largest investment, Proton Partners International. When we were researching this, one thing popped up that looked odd to us. Proton’s admission document said that Woodford got a £1m commission for entering into the commitment (in the form of […]
Chelverton UK Dividend shares dropped 31% – Over the year to the end of April 2019, Chelverton UK Dividend returned -9.9% in NAV terms as the company’s split capital structure magnified a -3.5% return on the portfolio. The share price divided from 251p to 173.5p – moving from a 0.6% premium to a 19% discount. […]
Invesco Asia buybacks narrow discount – A narrowing of Invesco Asia’s discount made up for underperformance in NAV terms over the year ended 30 April 2019. The NAV total return for the period was 0.8% against 1.6% for the benchmark (MSCI AC Asia ex Japan Index) but, as the discount moved from 13.0% to 8.9%, […]
