Qatar Investment Fund has a discontinuation vote scheduled this year. The Board is thinking about conducting a tender offer at a 1% discount to net asset value (less associated expenses) for 10% to 15% of the fund. They are working this out on a sliding scale whereby if the fund trades at an average discount […]
NextEnergy Solar is spending up to £54.7m to acquire two plants with a total generating capacity of 45.4MWp. The deals are a share purchase agreement to acquire the operational 33.7MWp Glebe Farm solar power plant in Bedfordshire for up to £40.5m and a share purchase agreement signed to acquire the operational 11.7MWp Hawkers Farm solar […]
Witan Investment Trust has today agreed to issue a £21m fixed rate 20 year secured private placement note at a coupon of 3.29% and a £54m fixed rate 30 year secured private placement note at a coupon of 3.47%. They say the purpose of this transaction is to obtain fixed rate long dated Sterling denominated […]
JPMorgan Senior Secured Loan has received £1.686m in compensation from JPMorgan after an error led to losses of that amount on the company’s currency hedging. This pushes the NAV back up to 97.58p (including accrued income) and the shares trade at a 5.3% discount to this. JPSL : Manager compensates JPMorgan Senior Secured after hedging […]
VPC Specialty Lending Investments has made a new investment of c£11.7m by way of a balance sheet loan to Avant, Inc., a Chicago-based financial technology platform offering consumer credit. Victory Park Capital Advisors, LLC, the Company’s investment manager, has been an early financial partner of Avant since it began offering consumer credit in early 2013. […]
Infrastructure India has announced that its logistics terminal in Bangalore is now up and running. They have agreed a ten year business plan for Distribution Logistics Infrastructure Private Limited, the 99.9% subsidiary that is running the business. Vikram Viswanath, a non-executive director of Infrastructure India, is taking up the role of “Advisor” to the management team of […]
Tritax Big Box REIT is paying £37.2m to acquire the Brakes Brothers distribution centre in Flex Meadow, Harlow. the price is equivalent to a net initial yield of 5%. They say the centre is strategically positioned in a core South East location, close to the M11, the M25 and Central London, providing distribution reach across […]
F&C Commercial Property Trust’s results for 2014 are good. The fund’s property portfolio beat the IPD Index by 2.4%, delivering a return of 20.3% compared to 17.9% for the benchmark. This helped generate a return on net assets of 22.1%. The return to shareholders was a little lower however, 18.8% as the company moved to […]
http://www.investorschronicle.co.uk/2015/04/08/funds-and-etfs/investment-trusts/japan-investment-trusts-mostly-in-the-lead-OClufkTc7yeh4SntBC5sCN/article.html Japan investment trusts mostly in the lead “Japan investment trusts are largely outperforming open-ended funds, according to research company QuotedData. On average, Japan investment trusts focused on larger companies outperform open-ended Japan funds on an annualised net asset value (NAV) basis over one, three and five years. “We think the reason is that the […]
Riverstone Energy is contributing up to $167m towards what could be a $500m investment in Three Rivers Natural Resource Holdings III LLC, a newly-formed, Austin (Texas) -based oil and gas company. Three Rivers III is the third partnership between funds managed or advised by Riverstone and Three Rivers III’s management team. The first two have sold substantially […]
