BlackRock World Mining Trust says that following the completion of the recapitalisation of Banro Corporation, it receive a mix of cash and common equity in Banro for its investment in the gold-linked preferred shares of Banro Group (Barbados) Limited, including accrued dividends. The transaction is expected to complete on 19 April 2017. Based on the market […]
SEGRO has published its trading update for the period from 1 January to 18 April 2017. David Sleath, Chief Executive, said: “SEGRO has had an excellent start to 2017. We have signed GBP16 million of new headline rent, including almost GBP11 million of pre-let agreements relating to 300,000 sq m of new projects which have been […]
Epiris has announced the sale of Electra Private Equity PLC’s interests in CALA Group, the national house builder, and Retirement Bridge Group, a home reversion equity release provider, to Patron Capital Partners for aggregate proceeds of GBP94 million. Both of Electra’s investments were made alongside Patron. In the case of CALA, as a minority investor in […]
Over the course of 2016, the Numis Smaller Companies (ex investment companies) Total Return Index lagged the broader market with an increase of 11.08%. Acorn Income Fund suffered from the relative weakness of the small company sector, some underperformance of the Numis Index and a widening of the discount to NAV at which its Ordinary […]
Civitas Social Housing has exchanged contracts on the purchase of a portfolio of regulated social housing for a total consideration of GBP11.5 million. The portfolio includes ten care homes and 79 tenancies across the Midlands, managed by Inclusion Housing Association, which is regulated by the HCA. This portfolio was sourced off-market by Civitas Housing Advisors […]
Marwyn Value Investors says that, for the year ended 31 December 2016, its NAV decreased by 11.91%, representing a negative 6.86% total return including distributions to shareholders, compared with a total return of 16.75% for the FTSE All-Share over the same period. They say that the reduction in NAV is primarily attributable to a decline in the […]
After canvassing opinion earlier this year, Jupiter has decided to try to launch a new investment trust – Jupiter Emerging & Frontier Income Trust. They say it will be a “high conviction, long-only investment trust, investing predominantly in quoted global emerging and frontier market equities and will differ from other current UK listed Global Emerging Market […]
The Board of Troy Income & Growth Trust says the company has entered into a two year unsecured floating rate revolving credit facility, for GBP20 million, with ING Luxembourg S.A. The facility bears interest at 0.90 per cent over LIBOR and is for the acquisition of investments in accordance with the Company’s investment policy and […]
The board BH Global Limited has announced that following discussion with the manager, they have agreed a reduction to the management fee from two per cent. to one per cent. of net asset value per annum. The board believes that the reduction in the management fee is a very positive enhancement for investors and a significant affirmation by the […]
Target Healthcare REIT Limited has completed the acquisition of three purpose built care homes for a price of GBP20.9 million including acquisition costs: Willow Park Lodge, is situated next to the main hospital in Dover, Kent, and was acquired for a total consideration of GBP6.1 million including costs. It has 79 large bedrooms over four […]
