In QuotedData’s morning briefing 6 May 2025: We also have: Stories you may have missed from Friday:
Middlefield Canadian Income PCC (MCT) has announced its intention to offer shareholders the option to roll over their investment into a newly launched, actively managed UCITS ETF listed on the London Stock Exchange. The proposed transaction would see the voluntary wind-up of the company and its GBP share class fund, with shareholders able to opt […]
[QD comment MR: This marks a rare instance where a subscription exercise has been declined on valuation grounds and reflecting the sharp disconnect between the pre-set subscription terms and prevailing market conditions. Clearly GCL’s board are looking after its shareholders.] We also have: Stories you may have missed from yesterday:
Aquila European Renewables (AERI) has agreed the disposal of its 18% minority stake in the Sagres hydropower asset in Portugal, in what marks the first material portfolio transaction since the company formally entered a managed wind-down. The buyer is a group of co-shareholders in Sagres – funds also managed and advised by Aquila Capital – […]
ICG-Longbow Senior Secured UK Property Debt Investments (LBOW) has reported a further decline in NAV for the year ended 31 January 2025, as progress toward the fund’s full realisation continues at a cautious pace. The trust’s NAV fell to 27.15p per share, down from 29.86p a year earlier, largely due to an additional £5.7m in […]
abrdn Property Income Trust (API) has published its final results for the year ended 31 December 2024, marking the final phase of its wind-down following shareholder approval to liquidate the company in May 2024. The trust posted a total loss per share of 11.25p (2023: 2.17p loss), with net assets falling from £298.1m to just […]
British & American Investment Trust (BAF) has reported a total return of £2.0m for the year ended 31 December 2024, reversing a loss of £2.0m in 2023. Net assets increased by 31.9% to £6.0m, driven almost entirely by a strong recovery in the trust’s largest holding, US biotech company Geron Corporation. The trust’s net asset […]
Digital 9 Infrastructure (DGI9) has published its audited results for the year ended 31 December 2024, a pivotal period for the company as it transitioned to a managed wind-down under the oversight of new investment manager InfraRed Capital Partners. The year saw key asset sales completed or agreed, but also a substantial markdown in NAV […]
We also have: Stories you may have missed from yesterday:
HydrogenOne Capital Growth (HGEN) has published its annual results for the year ended 31 December 2024, reporting solid operational progress across its portfolio but a marked fall in NAV and a hefty drop in share price amid sector-specific and macroeconomic challenges. NAV fell by 12.2% over the year to £116.4m, or 90.39p per share, down […]
