Global equity markets have been grappling with a wave of challenges in recent months, leaving investors navigating a landscape marked by uncertainty and contradiction. From the disruptive flare of Trump’s so-called “Liberation Day” tariffs – briefly lighting a match under global trade tensions before a swift retreat – to elevated concerns over inflation (will interest […]
Chelverton UK Dividend Trust (SDV) has confirmed that the final capital repayment on its 2025 Zero Dividend Preference shares (ZDPs) has now been made in full. As a result, the trust is currently ungeared, with net assets of £30.85m as at 7 May 2025, invested across a diversified portfolio of UK small and mid-cap companies. […]
Baker Steel Resources Trust (BSRT) has announced that Futura Resources, one of its key unlisted holdings, has secured a US$15m strategic loan from Abu Dhabi-based International Resources Holdings (IRH), a vertically integrated mining investment group. The loan agreement completed today (9 May 2025), with BSRT having helped facilitate the deal via a A$1.4m bridging loan […]
In QuotedData’s morning briefing 9 May 2025: We also have: Stories you may have missed from yesterday:
Asset Value Investors (AVI), manager of AVI Japan Opportunity Trust (AJOT) and AVI Global Trust (AGT), has stepped up pressure on one of its portfolio companies, Wacom Corporation (TSE: 6727), calling for sweeping changes to the firm’s governance and strategy. AVI has submitted a series of shareholder proposals ahead of Wacom’s Annual General Meeting in […]
North Atlantic Smaller Companies Investment Trust (NASCIT) has reported its full-year results for the 12 months to 31 January 2025, delivering a 6.5% rise in adjusted NAV – broadly in line with the return of the MSCI UK Small Cap Index – and a 24.9% increase in revenue return per share, despite an ongoing challenging […]
In QuotedData’s morning briefing 7 May 2025: [QD comment MR: With under 4% of shares tendered and just under two weeks to go, the offer faces a tough path to reaching the 90% threshold. We had thought that with the final regulatory hurdles cleared and the offer deadline approaching that there might be an uplift […]
Ecofin US Renewables Infrastructure Trust (RNEW) has announced that it is applying to the FCA to become a self-managed alternative investment fund, as it continues to implement its managed wind-down strategy. The move follows the decision by its current investment manager, Ecofin Advisors (EA), to serve notice on its management agreement in February 2025. Subject […]
BioPharma Credit (BPCR), the specialist life sciences lender, has announced two updates relating to its portfolio. Firstly, the company has received a US$30m partial prepayment from BioCryst Pharmaceuticals, relating to a senior secured term loan originally issued in 2023. The prepayment was part of a broader US$75m repayment announced by BioCryst during its Q1 2025 […]
Picton Property Income has announced a 2.7% increase in its quarterly dividend, with shareholders set to receive 0.95p per share for the period from 1 January to 31 March 2025. This compares with the 0.925p paid in respect of the prior quarter. The dividend will be paid on 30 May 2025 to shareholders on the […]
