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16 Oct 2020
Gabelli Value Plus Red Card

Metage Capital open letter throws weight behind Gabelli Value Plus wind up

In the latest instalment of the Gabelli Value Plus debacle, Metage Capital have written an open letter to Mr Bruce Lisman of Associated Capital Group, Inc, the outfit associated with the investment manager that is blocking the wind-up of the trust. Rather than try and paraphrase, we have reproduced the letter below. We think it makes very […]

16 Oct 2020
Grit Real Estate Income Acacia Estate GR1T

Grit Real Estate Income to reduce its interest in Acacia Estate

Grit Real Estate Income (GR1T) has entered into a binding agreement to reduce its interest in Acacia Estate, a 76 residential units condominium property located in Maputo, Mozambique that is let to the US government. In what is effectively a partial sale to a related party (see below for the nuts and bolts of the […]

16 Oct 2020

QuotedData’s morning briefing 16 October 2020

In QuotedData’s morning briefing 16 October 2020: We have Grit Real Estate’s partial sale of its Acacia Estate asset in Mozambique and Metage Capital’s Open letter to Mr Bruce Lisman of Associated Capital Group (the outfit that is blocking the wind up of Gabelli Value Plus + Trust). previous story | next story

09 Oct 2020

Secured Income Fund’s post 2017 loans performing as expected

Secured Income Fund (SSIF) has announced its annual results for the year ended 30 June 2020, during which it says that all loans underwritten since April 2017 are performing as expected. However, the impact of Covid-19 has meant that SSIF has needed to relax some covenants, defer interest and extend the maturity of some loans. […]

09 Oct 2020

Jupiter US Smaller companies Robert Siddles to Retire

Jupiter US Smaller Companies has announced that Robert Siddles (pictured), the fund manager of the Company since 2001, has, for family reasons, decided to retire with effect from April 2021. As a result of Robert’s retirement, JUS’s Board has said that it will review options for the future management of the trust and will make […]

09 Oct 2020

QuotedData’s morning briefing 9 October 2020

In QuotedData’s morning briefing 9 October 2020: Aquila European Renewables Income Fund has announced the results of its equity raise – €127.5m before expenses. the fund is issuing 122,902,772 ordinary shares at €1.0375 per share. This represents a premium of 5.2% to the company’s NAV as at 30 June 2020. JPMorgan Multi-Asset Trust (MATE) has […]

02 Oct 2020

Gentle outperformance from JPMorgan Emerging Markets

JPMorgan Emerging Markets (JMG) has announced its annual results for the year ended 30 June 2020, during which it has provided a gentle outperformance of its benchmark (the MSCI Emerging Markets index with net dividends reinvested, in sterling terms). During the year, JMG provided NAV and share price total returns of 2.7% and 0.7% respectively, […]

02 Oct 2020

Successful IPO for RTW Venture Fund’s Pulmonx Corporation

RTW Venture Fund’s portfolio company, Pulmonx Corporation, announced on 30 September 2020 the pricing of its US$190 million initial public offering (IPO) as well as its admission to trading on Nasdaq Global Market under the ticker: LUNG. Pulmonx is a medical device company that commercializes the Zephyr Valve System, which it says is the first […]

02 Oct 2020

Regional REIT disposes of Juniper Park

Regional REIT disposes of Juniper Park – Regional REIT (RGL) has announced it has completed on the sale of Juniper Park, Basildon for £32.7m. This disposal reflects an uplift of 59.4% from the acquisition price, including subsequent capital expenditure, and 3.9% above the 30 June 2020 valuation. About Juniper Park Juniper Park is a 277,760 sq. […]

02 Oct 2020

Strong absolute performance from Henderson Eurotrust despite challenging markets

Henderson Eurotrust (HNE) has announced its annual results for the year ended 31 July 2020, during which it has delivered strong absolute performance in both share price and NAV total return terms, despite challenging markets and has also materially outperformed its AIC Europe sector peer group. During the year, HNE net assets rose by 10.4% […]

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