Templeton Emerging cuts fees – Templeton Emerging Markets has published its accounts for the year ended 31 March 2018. Over this period, the fund made an NAV total return of 12.4$%, ahead of the MSCI Emerging Markets Index, which returned 11.8%. Shareholders did better than this though as the discount narrowed from 13.3% to 12.2%, […]
Did Baillie Gifford US Growth fail to disclose manager departure? – Citywire Wealth Manager has just reported that Andrei Kiselev, a co-manager of Baillie Gifford US Growth alongside Gary Robinson and Helen Xiong, left Baillie Gifford on 29 March just six days after the fund launched. Kiselev was named as a manager in the prospectus […]
Ex-manager may bid for Phaunos Timber – Stafford Capital Partners Limited, in its capacity as manager of Stafford International Timberland VIII Fund (“SIT VIII”), has announced a possible all-cash offer of US$0.49 per Phaunos Timber share to be made by SIT VIII (or by Stafford or an entity controlled by Stafford or funds managed by […]
Scottish Mortgage ups long term debt – Scottish Mortgage Investment Trust has raised a further GBP170 million in long term, fixed rate, senior, unsecured private placement notes, denominated in sterling. This transaction has provided them with further long term financing at a cost of just under 3% per annum. As Scottish Mortgage’s assets have grown […]
Custodian REIT discusses CVAs – In its full year results, Custodian REIT discloses that it made a 9.6% return on NAV over the year ended 31 March 2018. EPRA earnings per share rose to 6.9p from 6.6p. The 2019 target dividend per share has been increased to 6.55p (2018: 6.45p). The return to shareholders was 6.7%. […]
Picton Property Income will become a self managed UK REIT (if shareholders are happy with the idea). Picton Property Income reported a total return on net assets of 14.9% for the year to the end of March 2018. Within this, the EPRA NAV rose by 10.5% to 90p per share and its EPRA earnings per […]
Investors sticking by Jupiter Emerging and Frontier – Each year, Jupiter Emerging and Frontier Income operates a voluntary redemption facility through which shareholders may request the redemption of all or part of their holding of redeemable ordinary shares for cash on the last business day in June each year. There was no requirement for shareholders to […]
Investment Trust Insider on TR Property, Tritax and the logistics sector – James Carthew: the property pressures of feeding Amazon Financial results from TR Property (TRY) always make interesting reading. The investment trust had another great year, making a 15.5% total return on net assets over the twelve months to 31 March which, when coupled […]
Personal Assets still expanding despite losing money – Over the year to 30 April 2018 Personal Asset Trust’s net asset value per share fell by 2.6%. This compares to a rise of 4.2% in the All-Share Index. Personal Assets’ share price fell by GBP13.40 during the year and at 30 April 2018 was GBP392.00. Barring unforeseen circumstances, […]
Brunner refinances debt crystallising 21.5p NAV hit – The Brunner Investment Trust has priced an issue of a GBP25 million fixed rate 30 year unsecured private placement note at a coupon of 2.84%. The funding date for the note should be 28 June 2018. The money will be used towards an early repayment of Brunner’s share of […]
