In QuotedData’s morning briefing 3 November 2021: Riverstone Credit Opportunities Income (RCOI) has exited its holding in Project Mirror Realisation. RCOI committed $6.9m on 28 December 2020 to the first-lien community solar development company, before fully refinancing this loan with a new source of financing, resulting in a 36% realised IRR and 1.27x realised MOIC. […]
Fidelity Emerging Markets posts first results under new manager – Fidelity Emerging Markets (FEML) has posted its annual results for the year to 30 June 2021, and its inaugural results under the management of Fidelity, having previously been run by Genesis Investment Management. During the twelve months under review, the NAV increased by 23.1% in […]
Alliance Trust resets its dividend after review – Alliance Trust (ATST) has concluded its review of the level and funding of its dividend, as announced in its last interim report. As a result, the board believes that an increased, but still sustainable, level of dividend will benefit existing shareholders and enhance the attractiveness of ATST’s […]
Tough year for International Biotechnology but confidence remains – International Biotechnology (IBT) has published its annual results for the year to 31 August 2021. During this time, the company’s NAV per share and share price returned 9.8% and 3.8% respectively whilst the Nasdaq Biotechnology Index returned 22.8%. The board said while this is a disappointing […]
In QuotedData’s morning briefing 1 November 2021: Murray Income (MUT) has entered into a three-year multi-currency revolving credit facility of £50m with The Bank of Nova Scotia, London Branch, which replaces the Company’s £20m facility with Scotiabank Europe PLC. Under its terms, MUT has the option to increase the level of the commitment to £70m […]
The 2021 United Nations Climate Change Conference (or COP26) officially kicks off this weekend in Glasgow and will last for two weeks. As the name suggests, these conferences have been going on for decades yet this year the build-up seems to be bigger, brighter and better than ever. Maybe this means people are finally waking […]
Asia Dragon outperforms during volatile year for Asian markets – Asia Dragon (DGN) has posted its annual results for the year to 31 August 2021. During the period, its NAV rose by 20.5%, well ahead of its benchmark, the MSCI Asia ex Japan Index, which increased by 14.7% on a comparable basis. The share price […]
Henderson Far East Income celebrates 15 years of annual increasing dividends despite China hit – Henderson Far East Income (HFEL) has posted its annual report for the year to 31 August 2021. It was a tough 12 months for the trust which saw its NAV rise by 7.2%, behind the FTSE All-World Asia Pacific ex […]
In QuotedData’s morning briefing 29 October 2021: EP Global Opportunities (EPG) has announced further details of its tender offer, first announced earlier this week. The board has proposed that the tender will be for up to 20% of the shares of the company and will be at a discount of 2% to net asset value […]
CQS Natural Resources Growth & Income shoots the lights out in turnaround year – CQS Natural Resources Growth & Income (CYN) has posted its full results for the year to 30 June 2021. During the period under review, its NAV increased by 83.1% while its share price was up by 109.6%. This compares with its […]
