Sarah Emly, co-portfolio manager for JPMorgan Claverhouse Investment Trust, JPMorgan Elect, JPMorgan Income and Capital and JPMorgan Income & Growth, will be taking a period of leave away from the office for health reasons, with immediate effect. Sarah has worked closely alongside a number of senior JPMAM portfolio managers for 20 years; those colleagues continue […]
Aurora Investment Trust’s Board has agreed in principle to proposals that it believes will achieve the Board’s objective of offering an attractive continuing vehicle and a cash exit for shareholders. The Company’s existing manager is to be acquired by Phoenix Asset Management Partners Limited. It is then intended that the Company’s investment policy and strategy will reflect the […]
JPMorgan Mid Cap, managed by Georgina Brittain and Katen Patel, has reported a total return on net assets for the year to 30th June 2015 of 24.7%, 9.7% ahead of the Company’s benchmark index, the FTSE 250 Index (excluding investment trusts), which returned 15.0%. The discount at which the ordinary shares trade to their net asset value per […]
Gresham House has sold a large part of its site at Newton le Willows, Merseyside and announced interim results for the six months ended 30 June 2015. 25.8 acres of the site at Newton-le-Willows has been sold to Persimmon Homes Ltd. The transaction will realise a total of £7.25m net. A deposit and initial payment of £944,610 has been […]
Tritax Big Box REIT has announced that it has completed the land purchase and entered into contracts to provide forward funding for the development of a new regional distribution facility, pre-let in its entirety to TJX UK (“TK Maxx”), a major retailer of branded apparel and home fashions in the UK and Ireland. The investment price […]
GLI Finance’s new investment company, GLI Alternative Finance, raised £52.7m, a large proportion of which came from GLI Finance itself as it swapped loans on its balance sheet for shares in the new fund. The new fund will start trading tomorrow (23 September). The intention is to expand the fund with a series of C […]
Utilico is reporting a return on net assets of 6.4% for the year to the end of June 2015, ahead of the 2.6% return on the FTSE All-Share Index. However the discount widened from 22.8% to 30.8% over the year and so the return to shareholders was negative – the share price fell by 8.6% […]
After trading for just a few days, Cambria Africa has asked that its shares be suspended again “pending clarification of a dispute in relation to a material agreement”. We will have to wait to see what this means. UPDATE 30 September 2015 The dispute relates to the secured loan agreements held with Consilium Corporate Recovery […]
UK Commercial Property Trust has announced that it has acquired Ventura Park in Hertfordshire for £67.1m through a swap transaction with SEGRO plc, which also comprises the sale to SEGRO of a 298,850 sq ft Asda Distribution Centre in Northampton for £31m. UK Commercial Property Trust paid the £36.1m difference from its existing cash resources. Ventura […]
New Star Investment Trust’s net asset value rose by 4.8% over the year to the end of June 2015 and its share price was 2.8% higher. This compares to a 6.7% return for the IA Mixed Investment 40% – 85% Shares sector and a 10.1% return on the MSCI AC World Index. Shareholders will get a […]
