TwentyFour Select Monthly Income has published results covering the period from its incorporation on 12 February 2014 to 30 September 2014 (it listed on 10 March 2014). On the income side of things, dividends in the period totalled 3.07p and they continue to target payments of 0.5p per month. The net asset value at the […]
Fair Oaks Income has announced its first dividend since it launched in June 2014. Shareholders on the register on 30 January will get a 4.25 cent per share dividend. the Board of Fir Oaks has decided that the fund will now shift to paying monthly dividends, with the first of these payable in February. Fair […]
British Assets’ results for the year ended 30 September 2014 show the fund generating a return on net assets of 6.6%. This compares to a return of 7.3% on its benchmark (80 per cent FTSE All-Share Index and 20 per cent FTSE World (ex UK) Index). The return to shareholders over the period was 6.3%. […]
Summit Germany has announced that it has raised €120m from investors by way of a placing of 171.4m new shares at 70- cents per share. They plan to use the money to expand the portfolio and have identified an office portfolio worth the full €120m which they are now negotiating on, part of this will […]
BlueCrest BlueTrend announced today that as the average of the Company’s monthly net asset value as at the end of October, November and December 2014 was less than US$100m, it will hold a continuation vote (this is a requirement under the company’s articles). They say Notice convening the general meeting will be published by no later than […]
Origo Partners has announced that eleven employees, including Chris Rynning and Niklas Ponnert, have resigned from the company and eight of these are now employed by Origo Advisers Limited, three employees had their employment contracts terminated at a cost to Origo Partners of $21,000. Origo Advisers Limited has now taken up the reins of managing […]
Independent Investment Trust’s results for the year that ended on 30 November 2014 show it beating the FTSE All-Share Index but lagging the FTSE World Index, returning 10.4% on NAV vs. 4.7% for the UK market and 13.7% for the global index. The discount didn’t change much and so the return to shareholders was 10.6%. […]
North American Income Trust has announced that its current manager, Paul Atkinson, has decided to return to Europe with his family, leaving Aberdeen’s Philadelphia office. Paul has managed the trust since its change of remit in 2012. He will be succeeded by Ralph Basset (the deputy head of North American equities) and Fran Radano (a […]
International Biotech is part owner of an unquoted UK biotech stock, Convergence Pharmaceuticals, that is being acquired by Biogen Idec. At the purchase price of $675m, International Biotech’s stake is worth £6.8m. This compares to the £442,000 valuation of the company in International Biotech’s accounts. For now though International Biotech is writing up the value […]
Ground Rents Income Fund has entered into an option agreement to buy the ground rents of 583 residential units in six buildings for up to £3.9m. They expect these to come into the portfolio over the course of 2015. GRIO is buying the ground rents from Muse Developments, part of Morgan Sindall. The six sites, […]
