HICL Infrastructure is making its first investment in Australia, a 5.85% stake in the AquaSure Victorian desalination project. The Board has decided, in the interests of good corporate governance, to ask shareholders to approve the transaction. They will get to vote on the deal on 15 April 2014.
UK Commercial Property has released its results for the year ended 31 December 2013. The net asset value rose from 69.6p to 73.1p over the year (the total NAV return was 13.2%) driven largely by income returns and an uplift in property values in Central London, South Eastern industrial assets, distribution warehouse and some regional offices. The […]
North American Income Trust has announced its results for the period ended 31 January 2014. Perhaps the most significant figure in these is a 38.5% increase in the dividend (from 19.5p to 27.0p). this comes on the back of a more than 50% rise in revenue per share and pushes the yield on the fund […]
JP Morgan US Smaller Companies beat its benchmark in 2013 as its net asset value rose by 38.7% vs. 35.9% for the Russell 2000 Index (in sterling). The shares did even better, rising by 58.6%. JUSC was trading at a premium at the year end and issuing shares. The Board say that managing a tight […]
Dunedin Enterprise’s net asset value declined slightly over the course of 2013 but, including income, the total return was just positive (0.6%). By contrast the FTSE Small Cap. index rose by 43.9%. Gains in some investments, notably Practice Plan (sold) and CitySprint, (the same-day courier, now the largest holding) were offset by falls in the values of […]
Capital Gearing, chaired by Tony Pattison (pictured) has announced that its annual management fee is being cut from 0.85% of gross assets to 0.6% of gross assets. The announcement says that the fee reduction is in response to “significant organic growth of gross assets”.
From 1 April 2014 the annual management fee on Fidelity China Special Situations will fall from 1.2% to 1% of net assets. At the same time the cap on the performance fee will reduce from 1.5% to 1% per annum and outperformance above the fee cap cannot be carried forward to future periods (including any available to […]
The annual management fee on Fidelity Japanese Values has been cut from 1.0% of gross assets to 0.85% of gross assets.
EPE Special Opportunities results for the year ended 31 January 2014 show an increase in the net asset value of 31.5% over the period. The share price increased by 55% but the shares still traded at a considerable discount – 87p vs. an NAV of 135.4p. Two stocks that contributed to EPE Special Opportunities’ performance […]
HICL Infrastructure has announced a revision to its fee structure. Assets under construction will no longer be charged at a higher rate of 1.5% per annum. Assets under management in excess of £2.25bn will be charged at 0.8% per annum. The fee changes take effect from 1st April 2014
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
