RDL Realisation accounts published – RDL Realisation has just published accounts for the year ended 31 December 2018, somewhat later than is normal – hence the need to suspend their shares while the accounts were being finalised. Since the AGM on 19 June 2018 (when the wind up strategy was adopted), the company has returned […]
JPMorgan US Smaller Companies cuts fees – JPMorgan US Smaller Companies says that, following a review, the investment management fee arrangements with JPMorgan Funds Limited will change. With effect from 1st July 2019, the annual investment management fee, currently 100bps (1%) of gross assets, will be charged at an annual rate as detailed below: 90bps (0.9%) […]
In QuotedData’s other news 18 June 2019 Primary Healthcare Properties is launching a £150m convertible bond issue and using the money to repay its £75m, 5.375% senior unsecured bonds due 2019. The new convertibles will mature in July 2025, issued at par and are expected to carry a coupon of between 2.625% and 3.125% per annum payable […]
Aberdeen Standard European Logistics buys Dutch warehouse – Aberdeen Standard European Logistics Income has signed an agreement to acquire a freehold logistics warehouse in ‘s-Heerenberg, The Netherlands, for a net value of EUR24.0 million providing an expected net initial yield of 5.0%. The transaction is expected to close in July 2019. This is a freehold facility providing […]
In QuotedData’s other news 17 June 2019, Tritax Big Box REIT has entered into a new £200m unsecured revolving credit facility at a margin of 1.1% over LIBOR. The facility has a five-year life but can be extended for two more years. We also have an update on Leaf Clean Energy‘s court case
Chancery Court awards Leaf $114.5m in Invenergy case – On 3 May 2019, Leaf announced that the Delaware Supreme Court reversed the Court of Chancery’s prior award of $1 in nominal damages to Leaf as a result of Invenergy Renewables LLC’s breach of the parties’ limited liability company agreement. The Supreme Court held that Leaf was […]
Martin Currie Asia Unconstrained and unimpressive – Martin Currie Asia Unconstrained has published results covering the year ended 31 March 2019. Five years ago, the trust took the unusual decision to benchmark itself against Asian GDP growth rather than Asian equity markets. Since the Asia Long-Term Unconstrained mandate was adopted on 1 August 2014, the NAV has […]
Alpha Real Trust announces tender alongside results – Over the year to 31 March 2019, Aplha Real Trust’s NAV rose from 172.9p to 204.3p. The quarterly dividend has been upped to 0.8p from 0.6p. The company sold its Frankfurt data centre site for EUR44.8 million and the Monk Bridge, Leeds Private Rented Sector residential site […]
In QuotedData’s other news 14 June 2019: Utilico Emerging Markets has published its annual report covering the year ended 31 March 2019. In a year where the MSCI Emerging Index delivered a zero return, the trust at least managed some positive performance, generating an NAV return of 3.5%. Shareholders also benefited from a narrowing discount. The […]
Tritax EuroBox buys a logistics facility near Frankfurt – Tritax EuroBox has bought a prime, modern logistics facility near Frankfurt in Germany for a total consideration of EUR50.6 million, reflecting a net initial yield of 4.75%. This is a new, well specified, purpose-built facility has a gross internal area of c.43,000 sqm, an eaves height of […]
