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06 Mar 2017

Henderson International Income to proceed with a c share

Henderson International Income Trust (HINT) has announced that, further to its announcement on 10 February 2017 of a possible issue of equity, that in the light of positive feedback from existing and potential new shareholders, HINT’s board has decided to proceed with an issue of C shares. It says that existing shareholders will be given […]

06 Mar 2017

British Land and Oxford Properties exchange contracts for the sale of The Cheese Grater

Further to their announcement that they were in discussions regarding the potential sale of the Leadenhall Building (affectionately known as The Cheese Grater), British Land and Oxford Properties have announced that they have exchanged contracts for the sale of The Leadenhall Building, to C C Land, for a headline price of £1.15 billion. Completion is […]

06 Mar 2017

HgCapital Trust sees NAV uplift of 19% driven primarily by Zenith sale

HgCapital Trust has announced its annual results for the year ended 31 December 2016. During the period, the Trust provided an NAV total return of 19% and a share price total return of 43%, which it says compares to return on the benchmark of 16.8%. The Trust says that the increase in VA is primarily […]

06 Mar 2017

3i completes the sale of 3i Debt Management to Investcorp

3i has announced that it completed the sale of 3i Debt Management to Investcorp. The transaction generates total cash proceeds to 3i of £270 million, of which £34 million relates to the repayment of loans provided to 3i Debt Management to fund two CLO warehouses, and an exceptional profit on disposal of £47 million, which […]

06 Mar 2017

BP Marsh announces policy to buyback shares when the discount is greater than 25%

BP Marsh & Partners has announced details of a share buyback policy. The company says that it is its ‘custom and intention, when the share price drops to more than 25% below its published Net Asset Value, to buy small parcels of shares and place them into Treasury and decide at a later point what […]

06 Mar 2017

Blackstone / GSO Loan Financing raises €72.8m from placing

Blackstone / GSO Loan Financing has announced the result of its placing of Euro ordinary shares, which were issued under its placing programme. The Placing raised €72.8m (before costs and expenses) through the issue of 71,380,746 new Euro ordinary shares at a price of €1.02 per share. The Placing price represents a premium of approximately […]

06 Mar 2017

Sirius Real Estate moves to a Premium Main Market listing on the LSE and a secondary listing on the JSE

Sirius Real Estate’s shares have been admitted to the premium segment of the London Stock Exchange’ main market for listed securities and have transferred from the Alt-X market of the Johannesburg Stock Exchange to its Main Board. SRE’s board expect this to have a number of benefits including: a more appropriate platform for the continued […]

03 Mar 2017

New Star benefits from overseas exposure but some funds lagged cyclical rally

New Star has announced its interim results for the six months ended 31 December 2016. During the period, the Trust provided an NAV Total return of 10.35%, whilst its share price returned 24.3%, reflecting a narrowing of the discount from 39.5% to 31.7%. The Trust says that, in comparison, the Investment Association’s Mixed Investment 40-85% […]

03 Mar 2017

Electra in line to receive £66m from Axio’s sale of RISI

Epiris, the manager of Electra Private Equity, has announce that its portfolio company, AXIO Group, has agreed to sell RISI, an information provider for the global forest products industry, to Euromoney Institutional Investor PLC (Euromoney) for $125 million. Espiris says that the sale, which remains subject to regulatory approvals, would be the sixth major realisation […]

03 Mar 2017

Foresight Solar announces Fund raising, placing programme and secondary listing on JSE

Foresight Solar (FSFL) has announced a range of measures. These include its intention to raise in excess of £50 million by way of an Initial Placing and Offer for Subscription, a secondary listing on the main board of the JSE (Johannesburg Stock Exchange) and Private Placement in South Africa. FSFL’s board also says that it […]

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