Further to Ranger Direct Lending’s announcements regarding the bankruptcy proceedings in respect of Argon Credit, LLC and Argon X, LLC, the company has been informed by the Princeton Alternative Income Fund Ltd that it intends to take a reserve of $11.7 million against the Argon portfolio due to a decline in recent cash flows attributable to the portfolio. […]
VinaCapital Vietnam Opportunity Fund and VinaLand have sold their entire stakes in the Dai Phuc Lotus direct real estate project located in the Dong Nai province near Ho Chi Minh City, Vietnam. The site is a future residential – township development with a total site area of 198.5ha and was acquired in 2007. The Project is residential […]
NB Distressed Debt has published results for 2016. All three share classes are now in run-off. NB Distressed Global saw a remarkable rebound in its NAV over the year but investors at launch are still nursing a loss on their investment. On 31 March 2017 NBDG became the last of the existing share classes to enter into […]
Taliesin Property Fund reports that it s adjusted NAV per share rose 27.5% in 2016 to end the year at EUR37.53 (31 December 2015 EUR29.44, reflecting the EUR2 per share return of capital to shareholders during the period). On an EPRA basis, NAV per share was EUR36.87 at the end of 2016 (31 December 2015 EUR29.10). […]
The Board of LXi REIT has announced that: the Company has exchanged contracts to forward purchase the new Premier Inn hotel and Beefeater restaurant currently under construction at Spanish City Promenade, Whitley Bay, North Tyneside (the “Premier Inn Property”); and the Company has now completed on the acquisitions of the GE Oil & Gas facility […]
Infrastructure India plc announces that it has agreed an extension of the US$17 million working capital loan facility provided to the Company in April 2013 such that the maturity date of the Loan has been extended to 9 June 2017. The Company does not currently have sufficient cash resources to repay the Loan. The Loan, which […]
A few nice words from the chairman of India Capital Growth… Fred Carr, chairman of India Capital Growth, said: “in conjunction with the Investment Manager, the Board has employed the services of Marten and Co to write regular and detailed research on the Company throughout the year. Marten and Co have a broad and growing […]
Since launch in 2007, Rodger McNair has been F&C UK High Income’s manager. The fund has just passed a milestone. There is a performance related trigger for a continuation vote every five years. Over the five years ended 31 March 2017, F&C UK High Income has outperformed its benchmark. This means there is no need […]
NB Global Floating Rate Income Fund has published results for the year ended 31 December 2016. During the year the Company’s NAV total return (NAV plus dividends) was 8.17% and 8.41% for the Sterling Ordinary Shares and U.S. Dollar Ordinary Shares, respectively. During the same period the Company’s share price total return was 5.6% per Sterling Ordinary Share […]
LMS Capital says it has sold its majority stake in the, leading UK IT services business, 365IT, to CORETX Holdings plc. Under the terms of the acquisition the enterprise value of 365IT was agreed at GBP5.4m, which after adjusting for net debt of GBP800k results in an equity value of GBP4.6m, to be settled through […]
