Renewables Infrastructure buys Swedish wind farm – The Renewables Infrastructure Group has exchanged contracts to acquire a 75% interest in Ersträsk Wind Farm, a 229.1MW onshore wind farm near Piteå in Northern Sweden. The project is being acquired from Enercon Independent Power Producer GmbH. The deal increases TRIG’s generation capacity to 1.11GW and will mean that […]
BlackRock Income and Growth caught by Patisserie Valerie potential fraud – BlackRock Income and Growth lagged its benchmark by 3%, returning -4.5% against -1.5% over the year ended 31 October 2018. Its discount also widened, leaving shareholders nursing an 8% loss. The chairman says that holdings in Patisserie Holdings and TP ICAP held back performance. […]
Murray International cuts management fee – Murray International has announced that, with effect from 1 January 2019, its management fee will be 0.5% of net assets up to GBP1,200m and 0.425% of net assets above GBP1,200m. (The existing fee, chargeable until 31 December 2018 is 0.575% of net assets up to GBP1,200 million, 0.5% of […]
Lazard World Trust Fund sets out wind down proposals – Lazard World Trust Fund has published a circular to effect a managed wind-down of the company. The company will sell off its assets, trying to strike a balance between speed and value maximisation. Shareholders are being asked: to amend the investment policy to enable a controlled, […]
Alpha Real Trust sells Frankfurt data site – Alpha Real Trust has announced that it has entered into a binding contract for the sale of its data centre site in Frankfurt for a cash consideration of EUR44.8 million. Completion of the sale is subject to certain agreed conditions being satisfied, including customary German local authority land […]
AS Euro Logistics celebrates full investment with fee cut – With the exchange of contracts on the assets in Zeewolde and Waddinxveen in the Netherlands, Aberdeen Standard European Logistics Income has committed the whole of the funds it raised in December 2017. The most recent addition to the portfolio (a warehouse in Meung-Sur-Loire in France) […]
Greencoat UK Wind ushers in era of subsidy free renewable energy – Greencoat UK Wind has entered into an agreement to acquire the Douglas West wind farm from Blue Energy. Completion is expected to take place in Q1 2019, subject to the finalisation of construction, operation and maintenance contracts. Subsidy free Douglas West is located 7 […]
Polar Capital Global Healthcare let down by widening discount – Polar Capital Global Healthcare reports that its NAV rose by 19.8% over the year end of September 2018 on a total return basis, ahead of its benchmark, the MSCI ACWI Healthcare Index, which returned 17.2% over the same period. However, a widening in the discount to NAV […]
Merian Chrysalis makes first investments – Merian Chrysalis has announced deals which, if completed, would make it 60% invested. The latest is an investment of approximately $25 million in a $200 million series D funding round conducted by Graphcore Limited. Graphcore is a leading artificial intelligence processor company, which has developed the Intelligence Processing Unit (IPU) […]
Athelney exploring ways of expanding – Athelney Trust is undertaking extensive consultation with shareholders and potential new investors, which may lead to a tender offer for any existing shareholders who wish to exit, coinciding with an issue of new shares. Directors and their advisers will be contacting shareholders directly. Any shareholder wishing to discuss this is […]
