FSV : Fidelity Special Values maintains run of outperformance Fidelity Special Values managed to beat the FTSE All-Share Index over the year to the end of August 2014, the third successive year that it has done so, delivering a total return of 10.7% on net assets vs. a return of 10.3% for the index. The fund’s […]
FAIR : Fair Oaks 88% committed Fair Oaks Income Fund says it plans to acquire $26m of equity notes that make up 51% of the equity of a new CLO, Covenant Credit Partners CLO II Ltd. Covenant Credit Partners CLO II Ltd is a $500m CLO backed by a portfolio of broadly syndicated secured loans to […]
BKSA : Black Sea Property requisition The board of Black Sea Property has received a requisition from Fitel Nominees Limited seeking to requisition an extraordinary general meeting of the Company for the purpose of considering resolutions to remove the entire board other than Antony Gardner-Hillman and to appoint Trevor Hunt and Alexander Borrelli as directors. […]
SDU : Schroder UK Growth sticks with Schroders The Board of Schroder UK Growth has been mulling who should be managing the fund post the departure of Julie Dean from Schroders (she has just turned up at Sanditon) and has decided to retain Schroders as the manager. The day-today manager of the fund will be […]
BSET : British Assets moves to BlackRock British Assets Trust has announced that, following a review by the Board, it will move its management contract from F&C to BlackRock. At the same time shareholders will be asked to vote in favour of the adoption of a new investment objective and policy for the fund. They […]
IIP : Infrastructure India unit restructures debt Infrastructure India’s Distribution Logistics Infrastructure business (the new name for Vikram Logistic & Maritime Services) has agreed to restructure the debt it owes to its banks. It was paying 15.5% interest on loans with a maturity date of 2020. Under the new deal it won’t have to repay […]
ESP : Empiric Student Property expands in Cardiff Empiric Student Property has announced the exchange of contracts on two freehold properties in Cardiff that are purpose built student accommodation blocks. They are paying £3.5m for Alwyn Court (pictured), on Salisbury Road in Cardiff. This block is up and running with 51 beds and communal facilities. They […]
RDI : Positive year for Redefine International Over the year to the end of August 2014 Redefine International’s net asset value rose from 38.7p to 40.5p. It declared dividends of 3.2p for the year, 2.1% up on the year before. £162.5m of banking facilities were extended or refinanced over the period, extending average debt maturity to […]
NESF : NextEnergy Solar buys plant in Shropshire NextEnergy Solar is buying a 10.2MW solar plant located at Condover in Shropshire. The purchase price is £11.7m and with this deal NextEnergy Solar has invested all of its IPO proceeds and has dipped into its credit facility to the tune of £6.6m. The Condover plant is […]
HSLE : Harbourvest Senior Loans to go into liquidation Harbourvest Senior Loans Europe, having sold the last of its investments, plans to ask shareholders to approve a voluntary liquidation of the company. After paying the managers a performance fee of £1m and after liquidation costs, the fund estimates that shareholders will get about 26p per […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated