Jupiter Dividend & Growth rollover into UK fund – Jupiter Dividend & Growth Trust comes to the end of its life on 30 November 2017. It has agreed in principle to proposals with Jupiter UK Growth Investment Trust under which the shareholders will be offered a choice of: rolling over their investment on a cost and tax […]
Crystal Amber lays out case for its portfolio after bumper year – Crystal Amber’s NAV increased by 32.9% over the year to the end of June 2017. They declared interim dividends of 2.5 pence in both July 2016 and December 2016, in line with the dividend policy of 5.0 pence per year. Including the dividends […]
Murray Income cuts fees as announces 44th year of dividend increases – Murray Income Trust reports that, for the year ended 30 June 2017, the company generated a Net Asset Value Total Return of 16.7%, a little bit behind the 18.1% return from the All-Share Index. The discount narrowed and that helped produce a share price return […]
Shareholders approve MedicX’s plant to become a REIT – the board of MedicX Fund Limited has announced that at the Extraordinary General Meeting of its Shareholders held at 4.30 p.m. on 12 September 2017, the special resolution proposing that the company becomes resident in the United Kingdom for tax purposes and enters the UK REIT […]
The People’s Trust, Daniel Godfrey’s long-trailed investment trust, launched its initial public offer (IPO) on Friday. It is aiming to raise £125 million. The fund intends to produce ‘better returns for you and a better impact on society’. There won’t be a huge dividend, a yield of about 1.8% is forecast, and this may curb […]
Civitas considering new fundraise – following the recent announcement of the acquisition of 11 properties for a consideration of GBP5.8 million the total equity invested by Civitas Social Housing REIT since IPO now exceeds GBP284 million (before purchase costs). Civitas has now established a diverse portfolio of built and income generating social homes in England and Wales […]
Portfolio concentration and duration rising at SQN Secured Income – SQN Secured Income says that, for the year ended 30 June 2017, it generated a net profit of GBP2.4 million and earnings per Ordinary Share of 4.63p. The company’s NAV at 30 June 2017 was GBP52.0 million and NAV per ordinary share 98.74p (cum income) compared with GBP53.4 million […]
Should investors buy an investment trust or a fund? – James Carthew of QuotedData talks to Jen Hill of Money Observer A recent comparison of open-ended funds versus closed-ended investment companies suggests the latter are losing their edge on charges, but compelling reasons remain to opt for investment trusts, writes Jennifer Hill Investment trusts have […]
LXi REIT buys another supported living portfolio – LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located across England. The purchase price is GBP12.9 million, reflecting a net initial yield of 6.0% (net of acquisition costs). Each property is immediately income producing and has been […]
Qatar Investment Fund – trade and travel ban hindered growth – in its results statement for the year ended 30 June 2017, Qatar Investment Fund’s chairman, Nicholas Wilson, said “The year to 30 June 2017 was one of mixed fortunes for Qatar. During the period, the country adjusted well to the realisation that oil prices […]
