Sequoia hit by sterling strength – For the financial year ended 31 March 2018, Sequoia Economic Infrastructure has reported a fall in its NAV from 102.72p to 101.32p. Over the same period, it paid dividends of 6p per share, resulting in a total return of 4.1% over the year. Over the year, the appreciation of sterling against […]
Invesco Asia misses out on Alibaba rise – Invesco Asia has reported a return of 14.5% on NAV for the year ended 31 March 2018. This is a bit behind the 16.8% return on its benchmark, the MSCI All Countries Asia ex Japan index. Shareholders were also impacted by a widening of Invesco Asia’s discount, their return […]
Investment Trust Insider on BlackRock Emerging Europe James Carthew: BlackRock trust could have avoided upset There have been some fun and games in the investment trust sector recently, what with the ongoing dispute between Invesco Perpetual Enhanced Income (IPE) and its former manager, the proposed merger of Dunedin Smaller Companies (DNDL) and Standard Life UK […]
Invesco team reappointed to Invesco Enhanced – The board of Invesco Perpetual Enhanced Income Limited (“IPE”) has reached a resolution of IPE’s management arrangements. Following discussions between the board and Invesco Fund Managers Limited (Invesco), and following a process to consult with major shareholders, the board has decided to reappoint Invesco as the manager of IPE. Paul […]
LXi REIT swaps two care homes for a Stobart industrial facility – After an unsolicited approach, LXi has sold two care homes in Leicestershire let to Prime Life to a UK pension fund for £19.0 million. They say that this: reflects a low exit yield of 5.25%, which compares favourably to the acquisition yield of 6.50% […]
Henderson Far East to shift to UK – Henderson Far East Income has published proposals to migrate to UK tax residence and apply for UK investment trust status. The fund currently earns investment income from a diversified portfolio of investments with exposure to the Asia Pacific region, much of which is subject to overseas withholding […]
NextEnergy Solar adds another ten plants – NextEnergy Solar Fund has announced the signing and completion of a share purchase agreement for the acquisition of ten operating solar plants with a total installed capacity of 46.6 MWp. The plants were acquired from a single counterparty, from which the company has previously acquired five solar power […]
John Laing Environmental commits to Vulcan plant expansion – John Laing Environmental Assets Group has announced a further investment in the Vulcan Renewables anaerobic digestion (AD) plant. The investment consists of provision of funding of c.£8.5m to significantly expand the AD plant’s biomethane generating capacity. Vulcan Renewables was acquired in August 2017. The plant is located […]
Hansa Trust has a better year – Hansa Trust has reported its results for the year ended 31 March 2018. Over this period, while inflation was 2.5% and the return on the MSCI All Countries World Index was 2.6%, it delivered a return on NAV of 6.3% and returns to shareholders of 16.5% on its ordinary […]
Dunedin Smaller merging with Standard Life UK Smaller – The board of Dunedin Smaller Companies Investment Trust has undertaken a strategic review of the company and its position in the UK smaller companies sector. The Board is aware that the company’s size and the secondary market liquidity in its shares make it challenging to attract […]
