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19 Apr 2024

Aquila Energy Efficiency Trust provides detail on tender offer proposal

Aquila Energy Efficiency Trust (AEET) has published details of a tender offer under which up to 18.6% of its issued share capital may be repurchased at 94.28p per share, up to a maximum consideration of £17.5m. AEET is publishing a circular which we would suggest that shareholders read. AEET is seeking shareholders’ approval for the […]

19 Apr 2024

Gresham House Energy Storage suspends dividends and buybacks for 2024

Gresham House Energy Storage (GRID) has published a trading update in advance of the publication of its annual results for the year ended 31 December 2023 expected on 29 April 2024. GRID’s chair, John Leggate, says “The BESS sector, the Company and its shareholders are going through the most challenging operating environment since the Company’s […]

19 Apr 2024

Middlefield Canadian Income portfolio rebalanced to mitigate market volatility

Middlefield Canadian Income (MCT) has announced its annual results for the year ended 31 December 2023, during which it provided NAV and share price total returns of -1.4% and -10.7% respectively, underperforming its benchmark’s total return of 3.9%. At the beginning of 2023, inflation was falling faster in Canada than in the US, and the […]

19 Apr 2024

Fair Oaks Income continues to provide a strong, well-covered yield

Fair Oaks Income (FAIR) has announced its annual results for the year ended 31 December 2023, during which it provided an NAV total return for its 2021 shares of 12.98% (31 December 2022: -0.90%) and 13.82% per realisation share (31 December 2022: 0.5%). Share price total returns were stronger at 30.94% for the 2021 shares […]

12 Apr 2024

Gulf Investment Fund continues to meet its minimum size condition after tender

Gulf Investment Fund (GIF) has announced the results of its tender offer, which closed on 11 April 2024. 1,157,160 shares were tendered, equal to 2.89% of its issued share capital meaning that, post the tender, GIF’s share capital will be 38,946,044 shares, which is above the minimum size condition of 38,000,000 shares set by its […]

12 Apr 2024

A good year for Mercantile, despite challenging markets

Mercantile (MRC) has published its annual results for the year ended 31 January 2024, during which it provided NAV and share price total returns of 5.4% and 6.1% respectively, outperforming its benchmark, which returned 1.8%. Its chairman, Angus Gordon Lennox, says that existing portfolio holdings have been performing well, despite the challenging conditions of the […]

05 Apr 2024

VH Global Sustainable Energy Opportunities builds value in its portfolio

VH Global Sustainable Energy Opportunities (GSEO) has announced its annual results for the year ended 31 December 2023, during which it provided a total annualised NAV total return of 14.5%. Its chairman describes the year as one of building value in the portfolio, which is now 58% operational and by early 2025, the current portfolio […]

05 Apr 2024

North American Income posts modest underperformance in uncertain year

North American Income Trust (NAIT) has published its annual results for the year ended 31 January 2024, a period in which US investors were focused on monetary policy developments, geopolitical tensions and the uncertainty surrounding the possibility of either a recession or a soft landing for the US economy. During the period, NAIT provided NAV […]

05 Apr 2024

QuotedData’s morning briefing 5 April 2024 – SBSI, TMI

In QuotedData’s morning briefing 5 April 2024: Schroder BSC Social Impact Trust (SBSI) plc has made a £5m commitment to Savills IM Simply Affordable Homes Limited Partnership. The Fund is focused on delivering affordable homes across the UK, by using its established strategic partnerships with high quality Housing Associations, developers, and housebuilders, through a mix […]

22 Mar 2024

QD view – Elliott Associates grabs a slice of Scottish Mortgage

Scottish Mortgage (SMT), Baillie Gifford’s flagship investment trust and the largest trust in the investment companies sector, has announced that Elliott Associates, the US activist hedge fund, has acquired a 5% stake in the trust. The announcement, which came out last night after the market had closed, revealed that Elliott has bought nearly 0.5% of […]

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