PAX : Pacific Alliance Asia Opportunity tackles its discount Pacific Alliance Asia Opportunity will provide a facility for selling shareholders over the next six months with the aim of narrowing the fund’s discount. $15m will be used to buy back at an 8% discount to the NAV at 30 September 2014 and $15m will be used to […]
SLI : Standard Life Property Income acquiring in Rotherham Standard Life Property Income is paying £14.6m for a logistics and industrial development in Rotherham. The property has three units totalling 360,000 sq ft and is let to Symphony Group. The initial rent is £1.08m which rises in line with RPI, capped at 4% per annum, […]
HSLE : Harbourvest Senior Loans exits last four investments Harbourvest Senior Loans Europe says that Spire Partners have sold the last four loans left in the portfolio at a small premium to book value. The Board complemented Spire on their efforts. Proceeds are expected in October and they say they will be returned to shareholders […]
RSE : Riverstone invests in Mexican Exploration and Production company Riverstone Energy has committed $75m towards a $525m investment in Sierra Oil & Gas. They describe Sierra as Mexico’s first independent exploration and production company. They have the opportunity to double their investment once the first lot of money has been fully committed. The announcement […]
VNF : PXP Vietnam considering rollover into open ended fund The Board of PXP Vietnam Fund has announced that it is considering the merits of offering shareholders a rollover into an open ended fund managed by the same team (led by Kevin Snowball – pictured) The proposals are at an early stage and there is […]
CTY : City of London maintains dividend record City of London Investment Trust, managed by Job Curtis (pictured), has published final results for the year that ended 30 June 2014. Over this period the net asset value delivered a total return of 14.7% which compares favourably with a 13.1% return on the FTSE All-Share Index […]
JPS : JPMorgan Japan Smaller issuing warrants The Board of JP Morgan Japan Smaller Companies has announced that it is considering issuing shareholders with warrants on the basis of 1 warrant for every 5 shares held. The Board will let shareholders have more details soon.
TCSC : Town Centre Securities boosted by Merrion Centre Town Centre Securities results for the year ended 30 June 2014 show its net asset value climbing from 285p to 320p. The dividend for the year is being maintained at 10.44p. the portfolio total return was in-line with that of the IPD Index at 17.6%. Their […]
ELTA : Sherborne discloses why it targeted Electra Sherborne has today published a long letter that it is asking Electra to send to its shareholders that sets out its reasons for targeting Electra. Sherborne has compared Electra’s performance to the FTSE 250 index from 2004 and, from 2009, unlisted “private equity funds of similar size” and […]
PEW : Premier Energy and Water scheme effective Premier Energy and Water has announced that its scheme to move its zero dividend liabilities into a separate company has become effective today. The scheme will allow the fund to prolong its life beyond 2015.
