Tetragon Financial (TFG) has published its annual report for the year ended 31 December 2020, which shows it was a bit of mixed year for the company. During the year, it has provided NAV and share price total returns of 9.5% and -18.5% respectively. In comparison, TFG’s hurdle (LIBOR + 2.75%) returned 3.7%, the MSCI […]
In QuotedData’s morning briefing 26 February 2021: Pacific Horizon is asking shareholders for permission to issue more stock. It has issued a circular for a general meeting that is to be held on 22 March 2021 in which it will put forward three resolutions: to ask for the authority to allot up to 20 per […]
Aberdeen Emerging Markets (AEMC) has announced its annual results for the year ended 31 October 2020, during which fund selection contributed strongly to the outperformance during the year, allowing AEMC to provide NAV and share price total returns of 8.9% and 12.2% respectively. The chairman, Mark Hadsley-Chaplin, says that there were notable contributions from certain […]
Assura (AGR) has announced that it has completed the acquisition of primary care developer Apollo Capital Projects Development Limited (Apollo). AGR says that Apollo has a strong, 20-year track record of developing high-quality primary care properties across the UK, with a very experienced four-person development team. As well as expanding the Assura development team to […]
NewRiver REIT (NRR) has announced that its joint venture with BRAVO Strategies III LLC (BRAVO), in which it holds a 10% stake, has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre. The estate is being acquired from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 […]
Civitas Social Housing (CSH) has announced that the Company has secured a new seven year term, interest only, loan facility of £84.55m from M&G Investment Management Limited, a new lender to the Company. The new facility is priced at 2.75% above a fixed rate set by reference to the LIBOR swap rate of the loan […]
Urban Logistics REIT (SHED) has announced the acquisition of six logistics assets for a total consideration of £27.8 million at a net initial yield of 6.87%. The acquisitions include the Kinaxia portfolio (four logistics assets purchased from Kinaxia Logistics), a logistics asset in Leigh and a logistics asset in Rotherham. The Kinaxia Portfolio On 17 […]
Jupiter UK Growth (JUKG) has issued a circular detailing its reconstruction and wind up proposals. This follows on from JUKG’s previous announcements in January that terms had been agreed with Brown Advisory Funds Plc for a rollover into the Sterling Class B Distribution Shares in Brown Advisory Global Leaders Fund, or, alternatively, shareholders could opt […]
In QuotedData’s morning briefing 19 February 2021: City of London has released its interim report for the six months ended 31 December 2020. During the period, it provided an NAV total return of 6.9% and a share price total return of 12.3%. These compare against returns from its All-Share Benchmark of 12.3%, the AIC UK Equity Income […]
Scottish American (SAIN)has announced its annual results for the year to 31 December 2020, during which it has outperformed global equities, driven by resilient operational performance of its investee companies. Some key take-aways from the report are as follows: Dividend – the full year dividend, including a recommended final dividend of 3.00p, is 12.00p per […]
