Schroder UK Mid Cap Fund has announced that Rosemary Banyard has decided to leave Schroders, and will be stepping down as the Company’s lead portfolio manager with effect from 31 March 2016. Rosemary will continue to manage the portfolio until that time, following which Andy Brough, who has co-managed the portfolio with Rosemary since Schroders […]
Tiso Blackstar has changed its year end from December to June and so has just released final results covering the six months to the end of June 2015. Over that period its “intrinsic NAV” fell by 13.1% from 99p to 86p. in South African Rand terms the NAV fell 7.5% from 17.84 to 16.51 so […]
Drum Income Plus REIT has announced three acquisitions, for a total consideration of £19.7m. These are the Company’s first acquisitions since it was listed on the Official List of the UK Listing Authority and admitted to trading on the Main Market of the London Stock Exchange on 29 May 2015, raising gross proceeds of £31.9m. The Company […]
Cambium Global Timberland is supposed to be selling off its assets and winding itself up but that process is proving hard to achieve. The Board now say: “Global reduction in demand for wood supplies has led to lower wood prices and presented challenges. In preparing the Company’s assets for sale the Board has discovered complications […]
International Public Partnerships Limited has announced its first investment in the US. The Company has invested approximately US$48m (£32m) into a series of fully yielding mezzanine debt instruments with a remaining average life of 37 years. The mezzanine debt is being acquired by the Company from the Federal Home Loan Mortgage Corporation (“Freddie Mac”) and […]
The Board of European Real Estate Investment Trust has announced that, following the extension of the ground lease interest to a 99 year fixed term, the sale of the retail property located in Kaiserslautern, Germany has been notarised at a price of EUR24.0 million. The sale price of EUR24.0 million represents a 12% premium to […]
Recent attempts by Sherborne Investors (SIGB) to take over the board of Electra Private Equity investment trust (ELTA) is an example of where a large shareholder can exert a great deal of control and influence over an investment trust – whether the small private shareholders want it to or not. However, some instances where having […]
The Investment Company’s annual report for the year ended 30 June says the NAV of the Company fell slightly from 394.41p to 389.34p, a reduction of 1.3%. The return to shareholders, including the dividends paid during the year, totalled 16.9p. The FTSE All-Share Index generated a total return of 2.6% over the twelve months to […]
Target Healthcare REIT reports 3.4% growth in its EPRA NAV for the year to the end of June 2015. EPRA earnings per share were 5.7p, 36% higher than the previous year. The dividend for the year is 6.12p – an increase of 2%. This works out at an NAV total return of 10.3% which is […]
Schroder Japan Growth had a great year for the twelve months ended 31 July 2015, generating a total return on net assets of 24% while its benchmark delivered a return of 17.7%. The Directors have declared a final dividend of 2.00p per share for the year, an increase of 11.1% over the 1.80p per share […]
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