As per its announcement on 27 April 2017, Aberforth Geared Income Trust (AGIT) has reached agreement with Aberforth Split Level Income Trust plc (ASLIT) on the terms of the reconstruction and winding up of AGIT, under which ASLIT will act as a rollover option for investors in AGIT. AGIT has published a circular in respect […]
CVC Credit Partners European Opportunities has announced that, in the light of the Company’s total return performance in 2016 and year to date 2017, its Board of Directors has revised the Company’s dividend target from the current level of 5 pence / 5 Euro-cents per ordinary share, to target a dividend of 5.5 pence / […]
HICL Infrastructure has announced that it has completed the acquisition of a 36.6% equity interest in the various entities that comprise the Affinity Water Group, including the regulated entity, Affinity Water Limited. HICL is part of a consortium, alongside DIF Infrastructure and Allianz Capital Partners on behalf of Allianz Group, which has agreed to acquire […]
Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £6.0 million, comprising the freehold interest in supported living properties, with 52 tenancies, in North East England. The acquisition was funded using the company’s existing cash resources. CSH says that the […]
David Hardy to take up the reins at John Laing Infrastructure Fund John Laing Environmental Assets (JLEN) has announced that David Hardy is transferring within John Laing Capital Management (JLCM) to take on the role as investment adviser to John Laing Infrastructure Fund (JLIF). David Hardy has been involved in leading the management of JLEN […]
Safestore Holdings has announced that it has refinanced its US Private Placement Notes on ‘improved terms’ and has agreed an amendment and extension of its existing bank facilities to extend the average maturity and lower the cost of the Group’s debt financing. Under the refinancing, the existing $65.6m 5.83%1 2019 US Private Placement Notes and […]
Aberforth Smaller Companies Trust has announced that it has renewed its existing unsecured £125 million Revolving Debt Facility with The Royal Bank of Scotland plc for a further three years. The facility bears interest at 0.80 per cent over LIBOR and is due to expire on 15 June 2020. Aberforth Smaller Companies is the largest trust […]
Tritax Big Box REIT has announced that it has acquired a National Distribution Centre at Trax Park, Doncaster, for £20.9 million (excluding purchaser’s costs), reflecting a net initial yield of 5.61% on the asset acquisition. The purchase is being funded from equity proceeds. The company says that the proeprty is let to Unilever, one of […]
Raven Russia has announced that it has signed a memorandum of understanding (MOU) with the Central Union of Consumer Cooperatives for the Russian Federation (Russian Co-Op) to develop a nationwide network of wholesale distribution centres for agricultural products. Raven Russia says that the MOU provides for the parties to create a network of modern warehouse […]
Invesco Perpetual UK Smaller Companies has announced its annual results for the year ended 31 January 2017. During the period, the company provided an NAV total return of 21.3% and a share price total return of 24.0%, both outperforming that of the company’s benchmark, the Numis Smaller Companies Index (excluding Investment Companies), which the company […]
