In QuotedData’s morning briefing 6 July 2023: TwentyFour Select Monthly Income (SMIF) says 3,939,187 shares were tendered to its quarterly tender offer. 500,000 of these were purchased by Numis and the rest have been bought back into treasury – all at 72.62p per share. JPMorgan Multi Asset Growth and Income (MATE) passed its continuation vote […]
abrdn New India has published results covering the 12 months ended 31 March 2023. Over the period, the NAV return was -8.0% and the return to shareholders was -8.9%. Both are a little worse than the -6.0% return delivered by the MSCI India Index. The chairman notes that one of the most significant drivers of […]
Sequoia Economic Infrastructure’s chairman has bemoaned the discount widening that hit the fund over its latest reporting period, but investors may have concerns about credit quality. Sequoia Economic Infrastructure has published annual results covering the 12 months ended 31 March 2023. Over that period, it delivered an NAV return of -0.9% and a share price […]
In an update to Monday’s story, Ecofin US Renewables says that it will likely be forced to cut its dividend following the loss of income from its Whirlwind project. The tornado that hit Matador Texas on 21 June 2023 killed four people and injured 15 others, making it the deadliest Texan storm since 2015. The […]
In QuotedData’s morning briefing 29 June 2023: Secured Income Fund (SSIF) will make a seventh return of capital amounting to £3,159,621 by issuing B shares to ordinary shareholders and then redeeming them. To be eligible, shareholders must be on the register on 6 July. The money should be paid around 17 July. This takes the […]
Chrysalis Investments reports a 12% fall in its NAV over the six months ended 31 March 2023 to 130.02p per share. The share price fell from 61.7p to 58.7p. The chairman notes that the decrease reflects movements in both peer group stock market valuations and the tougher capital market conditions for both ‘follow on’ and […]
Mid Wynd’s board has decided that, in the wake of personnel changes at Artemis, it intends to appoint Lazard Asset Management LLC as its alternative investment fund manager (AIFM) and Lazard Asset Management Limited as its investment manager. In conjunction with the appointment of Lazard, the company intends to appoint a third-party company secretary and […]
In QuotedData’s morning briefing 27 June 2023: RTW Venture Fund has changed its name to RTW Biotech Opportunities. The Guernsey registry has confirmed the name change, effective 22 June 2023. The ticker remains the same (RTW). Seed Innovation’s (SEED) results show [deep within the text] that its NAV fell from £20.461m to £16.032m, or 9.62p […]
Pantheon Infrastructure has committed to invest approximately €23.1m (£19.9m) in a telecommunications infrastructure operator GlobalConnect. The investment is being made through a co-investment vehicle managed by affiliates of EQT AB Group, a leading global investment organisation managing about €119bn in fee-generating assets. GlobalConnect is a digital infrastructure company with the most extensive fibre network across […]
Cordiant Digital Infrastructure generated a total return of 10.0% over the 12 months ended 31 March 2023. The total dividend for the period increased to 4.0p, in line with guidance. This was 3.4x covered by earnings and 1.5x covered by adjusted funds from operations. [These are quite respectable numbers for a fund that investors appear […]
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