Seneca Global Income & Growth Trust has published its interim results for the six months ended 31 October 2016. The fund generated a net asset value per share total return of +10.1% for the six months to 31st October 2016 and the share price total return was slightly lower at +9.8%, both much better than the benchmark […]
Lowland Investment Company has agreed to issue GBP30m in senior unsecured fixed rate private placement notes at an annualised coupon of 3.15% with a 20 year bullet maturity. The funding date for the Notes will be 5 January 2017 and the Notes will be due for repayment on 5 January 2037. The semi-annual interest payment dates […]
Ground Rents Income Fund has announced results for the year ended 30 September 2016. Over the period the fund’s NAV increased by 14.3% to 129.31p. the dividend for the year was 3.959p. They say that RPI reviewable ground rents are particularly in demand. For those that review every 25 years with rents doubling, yields have dropped […]
Invesco Perpetual Enhanced Income has announced results for the year ended 30 September 2016. Over the period, the NAV total return was 15.7% which compares to a total return for the Merrill Lynch European High Yield Bond index (Sterling Hedged) of 9.5%; the Sterling Investment Grade Bond Index return of 16.3%; and United Kingdom Gilts returning […]
Industrial Multi Property Trust PLC has announced that it has received notice from Alpha Real Trust Limited who holds approximately 18.7 per cent. of the share capital requisitioning an extraordinary general meeting of the Company (the “EGM”) to consider the following resolutions: That Jonathan Clague is removed as a Director of Industrial Multi Property Trust PLC. That […]
Acorn Income Fund has announced proposals that seek to extend the life of its zeros until 28 February 2022. Zero holders have the option their cash back in 2017 as planned. There will also be an opportunity to subscribe for new ordinary shares and new zeros. Acorn Income has, currently, two classes of shares in issue: […]
RM Secured Direct Lending (RMDL) plans to list on the London Stock Exchange’s main market later this month, and if the move goes ahead it will be only the third investment company* to launch an initial public offering (IPO) this year. Hadrian’s Wall Secured Investments (HWSL) ended an IPO drought in June and earlier this […]
Globalworth is to raise €200m at €8 per share a 12.6% discount to its NAV. This means value is being transferred from existing investors to the new investors. The net asset value will be diluted. The shares have risen on the news, possibly reflecting the good news that it will now have enough money to develop its Globalworth campus […]
Lazard World Trust Fund’s net asset value rose 5.9% on a total return basis, compared with the gain of 6.2% of the MSCI All Country World ex-USA Index during the six-month period ended 30 September 2016. The Fund’s share price, as traded on the London Stock Exchange, was up 8.6% (dividends reinvested) as the discount narrowed. […]
During the six months to 30 September 2016 Jupiter Green’s net asset value per share increased by 16.5 per cent. (with dividends added back). This compares with a total return in the benchmark index, the MSCI World Small Cap Net Total Return Index of 20.9 per cent. over the same period. The mid market price of […]
