In QuotedData’s other news 29 May 2019: TriplePoint Social Housing REIT has bought 12 supported housing properties, exchanged contracts on a further three supported living properties and acquired the land and entered into forward funding arrangements to develop another three supported housing schemes, comprising 178 units in total, for an aggregate commitment of approximately £39.5m. Harbourvest Private […]
Capital Gearing Trust 50% bigger than last year – the impressive track record and tight discount control mechanism have been helping to attract new investors to Capital Gearing Trust. Coupled with NAV returns well ahead of inflation and matching those provided by UK equities, the trust grew by 46% over the year to the 5 […]
BioPharma Credit makes new loan to BioDelivery Sciences – BioPharma Credit has entered into a senior secured term loan agreement for up to US$80 million with BioDelivery Sciences International, Inc. (Nasdaq: BDSI), a commercial-stage specialty pharmaceutical company with a current market capitalisation of approximately US$400 million. In addition, BioPharma Credit bought 5,000,000 BDSI shares at […]
Shires Income benefits from narrower discount – Over the year to the end of March 2019, Shires Income returned 4.0% in NAV terms and 8.0% in share price terms, as the shares moved from trading at a discount to a small premium. The All-Share Index returned 6.4%. The trust’s equity portfolio did beat the benchmark, […]
Biotech Growth extends run of poor performance – On Friday, Biotech Growth Trust published results for the year ended 31 March 2019. Its net asset value per share rose by 5.3% and the share price by 4.6%, reflecting a slight widening in the discount. The benchmark (Nasdaq Biotechnology Index) returned 13.0%. Biotech Growth Trust has now […]
In QuotedData’s other news 28 May 2019: A new fund – Riverstone Credit Opportunities : RCOI – starts trading today, having raised $100m from professional investors to lend money to energy (mainly oil and gas) companies CQS New City High Yield announced that an administrative error had led to it overstating its NAV between 25 April […]
Tritax gets planning for Kettering logistics park – Tritax Big Box REIT says that outline planning consent has been obtained for up to 2.31 million sq ft of logistics space at Symmetry Park, Kettering. This represents the second new development from the db Symmetry strategic land portfolio acquired by Big Box in February this year. The […]
Hipgnosis buys catalogue from Ari Levine – Hipgnosis Songs Fund Limited has acquired a music catalogue from Ari Levine, a multi-Grammy nominated songwriter and producer, best known for his work as a member of the three-piece writing and producing group The Smeezingtons (whose members also include Bruno Mars and Philip Lawrence). Ari Levine has achieved 99 […]
BMO UK High Income revamp yet to pay dividends – BMO UK High Income has released results covering the year to the end of March 2019. The NAV total return for the ordinary shares and the B shares was 3.5% compared to the total return of the benchmark of 6.0%. The share price total return for […]
LondonMetric bids for A&J Mucklow – The boards of directors of LondonMetric and Mucklow have reached agreement on the terms of a recommended offer. LondonMetric will acquire the entire issued and to be issued ordinary share capital of Mucklow by means of a scheme of arrangement under Part 26 of the Companies Act. For each Mucklow […]
