Schroder Real Estate Investment Trust has exchanged unconditional contracts to sell St. Augustine’s Courtyard in Bristol to the University of Bristol for GBP 11.75 million. The sale price compares with the independent valuation as at 31 December 2016 of GBP7.2 million and completion is due on 7 April 2017. St. Augustine’s Courtyard is a vacant […]
ICG Longbow says that the borrower under the Group’s Lanos (York) loan has completed a refinancing of the property which provided security for the Group’s loan. As a result, the GBP10 million loan has been repaid in full, together with accrued interest, exit and prepayment fees of approximately GBP1.1 million in aggregate. The Investment Manager […]
Custodian REIT has sold a 25,724 sq ft car dealership on Mallory Road, Peterborough for GBP2.75 million, GBP0.345 million ahead of the 31 December 2016 valuation. The property is let to Marshall Motor Group Limited on a lease expiring in 2019. The property was purchased shortly after the company’s admission to the London Stock Exchange. They […]
On 9 March 2017, Fair Oaks Income Fund announced proposals which included a chance for shareholders to extend the duration of their investment in the company and also a further equity raise. 47,428,202 shares have been elected for re-designation as 2014 Shares, representing 15.3% of the shares currently in issue. Consequently, 263,510,368 shares will be re-designated as 2017 […]
Randgold Resources has proposed an increase in its dividend for 2016 of 52%, to US$1.00 per share, based on a record year and its accumulated cash at the end of the period. The company has paid dividends each year since 2006. The increase comes after the company achieved record gold production in 2016 of 1.25Moz, […]
The Board of Strategic Equity Capital confirms that the company has received a request to requisition a general meeting from two of its shareholders, Ian Armitage and Growth Financial Services Limited, a subsidiary of Harwood Capital Management, representing 5.02 per cent. of the issued share capital. The proposed resolution Mr Armitage and Harwood wish to put to […]
Greencoat UK Wind has acquired Langhope Rig Wind Farm from GE (NYSE: GE) unit, GE Energy Financial Services for a total consideration of GBP39.8 million. The acquisition, which completed on 24 March 2017, was funded by UKW’s revolving credit facility (GBP37 million) plus cash resources (GBP2.8 million). Langhope Rig is located near Hawick in the […]
The Board of The Monks Investment Trust has announced a change in the calculation of its management fee, with the introduction of a second tier and the calculation to be based on total assets (the total value of all assets held less all liabilities, other than any liability in the form of debt intended for investment […]
In 2016, JPMorgan American’s board visited the Manager’s offices in New York where it held meetings with the Investment Management team to include both Garrett Fish and the manager of the small companies portfolio, Eytan Shapiro. The Board further met with senior management, the behavioural finance team of which Garrett is a member, the corporate engagement and the […]
Prospect Japan’s chairman says that, for the year ended 31 December, 2016, the company had a disappointing year with a decline in published NAV of 9.49% compared with MSCI Japan Small Cap Index’s increase of 8.22%. Furthermore, the share price has fallen from $1.05 to $0.89 with an increased discount to published NAV of 27% (2015: […]
