Pacific Horizon (PHI), managed by Ewan Markson-Brown (pictured), has announced its interim results for the six months ended 31 January 2017. During the period, the Trust’s NAV total return was 9.7%. The share price total return was 8.0% as the discount widened from 10.1% to 11.4%. The Trust says that, over the same period the […]
Riverstone Energy (RSE) has announced its annual results for the year ended 31 December 2016. During the period, RSE saws its NAV increase by 26.1% to $20.11 per share and that the impact of Brexit, through the devaluation of sterling, contributed to the sterling NAV per share increasing by 50.5% to £5.47. RSE says that […]
Symphony International Holdings Limited (SIHL) has announced its results for the year ended 31 December 2016. During the period, SIHL’s fully diluted NAV per share fell by 7.9% to US$1.1988. The company’s chairman, Pierangelo Bottinelli, says that 2016 was a volatile year but that Asia experienced more of an impact in the fourth quarter as […]
Tritax Big Box REIT has announced that it has agreed a new long-term, interest only, fixed rate term loan facility of £90 million with PGIM Real Estate Finance, secured against a portfolio of three standing assets and one forward funded asset. The 10-year Facility, which will be drawn in full immediately, is repayable on 2 […]
LXi REIT has listed on the London Stock Exchange. Its IPO has raised £138.15m before costs. The company is targeting attractive inflation-protected income and capital returns through a diversified portfolio of very long-let and index-linked UK property assets. LXi REIT is targeting a minimum annual dividend of 5 pence per Ordinary Share, starting from the […]
Land Securities has announced that it has completed the sale of The Printworks, Manchester, to DTZ Investors for £108m. Redeveloped and reopened in 2000, The Printworks is a Manchester city centre leisure destination, covering 368,770 square feet over four floors. The site is anchored by a 20 screen Odeon cinema, which houses the only IMAX screen in Manchester. In addition, there are […]
Standard Life UK Smaller Companies has announced its interim results for the half year ended 31 December 2016. During the period, the company provided an NAV total return of 16.7% and a share price total return of 17.7%, these both modestly underperformed the company’s ‘reference index’, the Numis Smaller Companies Index (excluding Investment Companies) Index, […]
BH Macro has announced the results of its tender offer (up to 100% for all share classes) and its shareholder meetings. In aggregate, 48% of shares in issue were tendered (41.4% of GBP, 42.3% of EUR, 69.7% of USD shares). The company says that this is within the 66.667% tender limit so the tender can […]
JPMorgan European Smaller Companies Trust, chaired by Carolan Dobson (pictured), has announced changes to its management fee arrangements. With effect from 1st April 2017 the investment management fee will be charged at an annual rate of 1.00% of the Company’s Net Assets on the first £400 million, and 0.85% of Net Assets in excess of that […]
Regional REIT has announced that it has reached an agreement with The Conygar Investment Company PLC to acquire UK regional office, industrial and retail & retail distribution investment properties owned by Conygar (the Conygar Property Portfolio) which, in total, are valued at circa £129m. Regional REIT says that it will acquire the properties by way […]
