In QuotedData’s morning briefing 16 February 2024: CT UK High Income Trust has decided to cancel the listing of its units (CHIU). Until now, investors had been able to hold and trade in units in the fund that were comprised of three ordinary shares and 1 B share. Now, the units are being discontinued and […]
Bluefield Solar’s NAV slipped slightly over the final quarter of 2023, from 136.4p to 136.0p. Higher opeartional costs offset the benefit of recognising the company’s Renewable Energy Guarantees of Origin certificates (REGOs) and slightly higher long term forecast power prices. The board has reiterated its target dividend for the full year of not less than […]
Scottish American has published results for the 12 months ended 31 December 2023. Its NAV returns did not match those of its benchmark (the All-World Index), returning 11.8% to the index’s 15.7%, and a widening discount left shareholders with a return of 8.2%. Although the chairman points out that discounts have widened across the invetsment […]
In QuotedData’s morning briefing 15 February 2024 Invesco Select (IVPG / IVPE / IVPM / IVPB) has published a circular in connection with its plan to merge its share classes into the global equity income pool. Nothing seems to have changed from the original proposal. Holders of the managed liquidity and balanced risk classes can […]
Riverstone Energy proposes to return $200m (equivalent to approximately £158m) of its excess capital to shareholders by means of a tender offer at a price of £10.50 per ordinary share. The tender price represents a premium of approximately 31% to the closing market price of £8.00 on 7 February 2024 and a 16% discount to […]
Pershing Square Holdings says that its investment manager (Pershing Square Capital Management, L.P) has proposed and the board has approved some changes to the fund’s investment management agreement that will reduce the performance fees paid by Pershing Square Holdings from this year. The amendments to the management agreement are to its variable performance fee provision. […]
In QuotedData’s morning briefing 8 February 2024: Digital 9’s (DGI9) sale of Verne Global may take longer than expected to close as the Icelandic anti-trust authority wants to look at the transaction. The company warns that this could add between 90 and 135 days to the wait for the final sign off of the deal. […]
Augmentum Fintech has highlighted an announcement today from one of the companies in its portfolio, Onfido. Onfido has entered exclusive discussions with potential acquirer, US based Entrust, a global leader in trusted payments, identities and data security. If this transaction goes ahead, Augmentum expects that the proceeds will be at or slightly above the current […]
After an extended period of trading at wide discounts, private equity funds seem to be more responsive to the idea of using share buybacks to tackle the problem. Is it time to pick up these bargains before they disappear? HarbourVest launching distribution pool The latest to make a move on this is HarbourVest Private Equity […]
Aberforth Smaller Companies has published results for the year that ended on 31 December 2023. Its NAV return lagged that of its index benchmark (Deutsche Numis Smaller Companies ex Investment Companies), returning 8.2% to the index’s 10.1%. A small widening of the discount meant that shareholders got a return of 8.0%. The dividend was upped […]
