Aberdeen Smaller Companies Income reports that its NAV was up 8.2% in total return terms for the year, lagging the performance of its benchmark, the Small Cap ex-investment companies index, which rose by 12.5%. The Directors are disappointed that the discount widened over the course of the year and was 22.1% at the year end. The Board has declared four interim […]
intu properties has exchanged and completed contracts with entities of the Ivanhoé Cambridge Group to acquire Xanadú shopping centre in Madrid, Spain, long with its associated management company and the SnowZone operating company, for a total cash consideration of EUR530 million, before working capital and other adjustments. The centre itself, excluding the management company and […]
Wolf Minerals is to draw down an additional £10m from the 12-month secured bridge loan facility that major shareholder, Resource Capital Fund (RCF), provided in October 2016. This will take the amount received from RCF to £30m. The loans carry interest at rates between 10% and 15% per annum and may be repaid with cash […]
Fair Oaks Income Fund has just published reorganisation proposals. The purpose of the Reorganisation Proposal is to allow those Shareholders who wish to extend the life of their investment in the Company beyond the planned end date of the existing Master Fund, FOIF LP, to be able to do so by having their Ordinary Shares re-designated as […]
Raven Russia says that its diluted NAV per share rose to 71 cents from 70 cents over the course of 2016. Underlying earnings per share fell to 7.2 cents from 8.2 cents. They intend to distribute 2p by way of a tender offer buy back of 1 share in every 26 at 52p, making 2.5p […]
GCP Asset Backed Income has committed to two loans of up to GBP17.5 million aggregate which will be used to finance UK residential property. The first loan, of up to GBP15 million and with a term of c.three years, will be secured on a subordinated ranking basis against a portfolio of eight co-living properties. The […]
BlackRock Latin American says it made a 25.2% return on net assets for the year ended 31 December 2016 – in US dollars. The weakness of sterling meant that, despite a widening of the discount, shareholders made a 45.9% return. The dividend for the year was 15 cents, a fall of 28.6% on the previous […]
DW Catalyst has announced that shareholders holding 9,349,317 shares (57.6% of shares in issue) have voted in favour of discount trigger resolution. The effect of this is that all of the shares that were voted in favour will be redeemed by the company on 1 August 2017. Redeeming Shareholders will receive the proceeds in four quarterly […]
SEGRO is proposing to raise approximately GBP556 million (net proceeds) by way of a Rights Issue, the issue is fully underwritten. 1 for 5 rights issue of 166,033,133 ordinary shares of 10 pence each in the capital of the Company at a price of 345 pence per New Ordinary Share. The issue price of 345 pence per New […]
LXi REIT has exchanged contracts to acquire the Q-Park car park at Rockingham Street, Sheffield. The purchase price is GBP19.1 million (excluding purchaser’s costs), reflecting a blended net initial yield of 5.20% on the asset acquisition. The car park, which comprises 96% of the Property, is let to Q-Park Limited with a lease guarantee from […]
