In QuotedData’s morning briefing 7 August 2020: The Renewables Infrastructure Group (TRIG) has announced its interim results for the six months ended 30 June 2020. During the period, TRIG’s NAV per share fell by 1.7%, but the chairman, Helen Mahy, reports that TRIG’s financial performance has remained resilient, sustained by strong operational performance and that the company […]
Honeycomb Investment Trust (HIT) has announced that it has made a proposal to Pollen Street Secured Lending (PSSL) regarding a possible merger between the two. Under the terms of the proposal, PSSL shareholders would receive new ordinary shares in HIT on a NAV for NAV basis. The company says that a further announcement will be […]
Octopus Renewables Infrastructure Trust (ORIT) has announced that it has signed an agreement to acquire a 100% interest in a portfolio of operational solar PV assets located across France for a cash consideration of €58.9m (£53.4m). The portfolio consists of 14 fully operational solar PV assets with a total installed capacity of 119.5MW. Following the purchase, ORIT […]
Henderson Smaller Companies Investment Trust (HSL) has announced its annual results for the year ended 31 May 2020 during which it has significantly outperformed its benchmark (by 7.7%) and maintained its final dividend (leading to a 2.2% increase in the total dividend for the year to 23.5p). HSL also beat its UK smaller companies’ investment […]
In QuotedData’s morning briefing 31 July 2020: Artemis Alpha Trust has appointment Nplus1 Singer Advisory LLP as its sole corporate broker with immediate effect. Tetragon has published its interim results for the six months ended 30 June 2020. During the period, it provided an NAV total return of -1.9% (this compares against a +8.1% NAV […]
At its AGM on 30 July 2020, Gabelli Value Plus + Trust (GVP) failed its continuation vote. The trust needed 50% of all votes to be in favour of continuation for it to be approved but, on the day, it achieved just 34.31% (or put another way, 65.59% of votes cast were against continuation). GVP’s Board […]
LXI REIT has announced that it has sold two portfolios of long-let social housing assets for £10.7m, and has exchanged contracts on the pre-let forward funding acquisition of a Lidl foodstore in Barnard Castle, County Durham for £7.5m. Disposal of social housing asset portfolios The sales, to two separate social infrastructure funds, reflect a 5.25% […]
CLS Holdings has announced that it has unconditionally exchanged contracts to sell Albert-Einstein-Ring 17-21 in Hamburg for €36.45 million excluding costs, with completion expected on 30 September 2020. About Albert-Einstein-Ring Albert-Einstein-Ring 17-21 was acquired by CLS in 2017 as part of the Metropolis portfolio and consists of 13,419 sqm (144,441 sq. ft) of offices located […]
SEGRO has made three separate announcements this morning which, when taken together, comprise the redemption of €118m of existing (debt during August and September), while raising €450m of new debt finance in a private placement that is split across three tranches. The announcements can be summarised as follows: SEGRO is redeeming the last of its […]
In QuotedData’s morning briefing 24 July 2020: Stenprop has provided the market with a trading update for the second quarter of 2020 to the market. It says that it has now collected 93% of the rent due at the end of March, and 84% of the rent due at the end of June. We have also […]
