News

13 Mar 2017

JPMorgan Claverhouse underperformed in run up to Brexit vote

JPMorgan Claverhouse has announced its annual results for the year ended 31st December 2016. During the period, the Trust provided an NAV total return of +11.3%. The Trust says that the return for its benchmark, the FTSE All-Share Index, was +16.7%, reflecting a good period for UK investors. The share price rose from 602.5p to […]

13 Mar 2017

Murray International benefits from sterling depreciation and underweight exposure to the UK

Murray International (MYI)has announced its annual results for the year ended 31 December 2016. During the period, the trust provided an NAV total return of 40.3% and a share price total return of 50.5% (the trust moved from trading at a discount to trading at a premium over the period). These are markedly ahead of […]

13 Mar 2017

City Natural Resources beats benchmark and experiences strong narrowing in its discount

City Natural Resources High Yield Trust has announced its interim results for the six months ended 31 December 2016. During the period, the Trust provided an NAV total return of 19.4%, thereby outperforming its benchmark index, which the company says returned 18.8%. The Trust’s share price total return was 30.8% was better than the NAV […]

07 Mar 2017

Foreign & Colonial post strong returns but lags benchmark

Foreign & Colonial (FRCL) has announced its annual results for the year ended 31 December 2016. During a year that the Trust’s chairman describes as being extraordinary, in terms of political events, stock market returns and sterling weakness, FRCL has provided an NAV total return of 23.9% and a share price total return of 23.7%. […]

07 Mar 2017

Aberdeen UK Tracker publishes circular for reconstruction and wind-up

Aberdeen UK Tracker Trust has announced that it has published a circular to Shareholders in connection with its proposals to reconstruct and wind-up the company. These proposals relate to its previous announcement on 30 November 2016, that its board had agreed heads of terms for a merger with Aberdeen Diversified Income and Growth Trust (ADIGT) […]

07 Mar 2017

Apax Global Alpha sterling NAV benefits from strong exposure to US

Apax Global Alpha (APAX) has announced its annual results for the year ended 31 December 2016. The company says that performance was largely flat during the first six months but improved during H2 2016 resulting in a NAV total return of 6.6% (after expenses) for the year as a whole. The Private Equity and Derived […]

07 Mar 2017

Tritax Big Box REIT performing in line with its targets

Tritax Big Box REIT (BBOX) has announced its annual results for the year ended 31 December 2016. During the period, BBOX’s EPRA net asset value per share increased by 3.46% or 4.71% on a like-for-like basis to 129p (2015: 124.68 pence), whilst its EPRA NAV total return was 9.6% (BBOX’s medium-term target is 9% per […]

06 Mar 2017

Empiric Student Property agrees a new unsecured £10m loan facility

Empiric Student Property has announced that it has agreed a new unsecured term loan facility of £10 million with First Commercial Bank Limited. The Facility is available to draw down in full over the next 12 months. It is repayable three years from the date of agreement with an all-in cost of 2.15% per annum. […]

06 Mar 2017

Custodian REIT acquires Chester high street retail property for £2.75m

Custodian REIT has announced that it has acquired a high street retail property in Chester, let to Signet Trading Limited (t/a Ernest Jones) and Feldale Retail Limited (t/a Lakeland).  The property is located in the city centre on the pedestrianised Eastgate Street, adjoining two other units in the Company’s portfolio. The agreed purchase price of […]

06 Mar 2017

Electra receives £514m from Sales of Parkdean Resorts and Innovia Group

Espiris, the investment manager of Electra Private Equity (Electra), has announced that it has the completed the sales of Parkdean Resorts and Innovia Group. Parkdean resorts has been sold to Onex Corporation for £1.35 billion and Electra has received proceeds from the sale of £406 million. Together with proceeds previously received, Electra’s total proceeds from […]