Finsbury Growth and Income Trust, managed by veteran fund manager Nick train, has announced amendments to the fee arrangements for: the Company’s Alternative Investment Fund Manager (Frostrow Capital LLP); and the Company’s Portfolio Manager (Lindsell Train Limited). The changes come into effect immediately. Frostrow Capital’s fees Frostrow Capital LLP will receive an annual fee of 0.15% […]
JZ Capital Partners(JZCP) has just announced a number of proposals, which include plans to return US$30m via a tender offer “and resultant Off-Market Acquisitions” at a 5% discount to NAV. The company has listed the following recommended proposals to approve: The Company’s proposed disposals of ownership interests in each of Jordan Health Products, LLC (Avante), […]
In QuotedData’s other news 26 July 2019: Scottish American (SCAM) has announced its interim results for the six-months ended 30 June 2016, in which it modestly outperformed its benchmark. SCAM’s net asset value total return for the first six months of 2019 was 17.3% and the share price total return was 17.5%. In contrast, it says […]
UK Mortgages Limited (UKML) has announced proposals to change its articles, investment policy and share buyback policy, with the aim of improving the returns generated by the Portfolio and the Company’s cash position, without at the same time increasing the credit risk of the underlying securitisations. Background to the proposals UKML says that the investment […]
3i Infrastructure plc (3IN) has announced that it has agreed to invest approximately €220m to acquire up to 100% of Ionisos, which it describes as a leading owner and operator of cold sterilisation facilities servicing the medical, pharmaceutical and cosmetics industries. The seller is Ardian Expansion and the transaction is expected to complete in September. […]
Catco Reinsurance Opportunities (CAT) has announced proposals to return cash to shareholders. This follows the publication of a press release by its investment manager, Markel CATCo Investment Management Ltd., saying that it: will stop accepting new investments in Markel CATCo Reinsurance Fund Ltd. (MCRF) will not write any new business going forward through Markel CATCo […]
Artemis Alpha has suffered a double whammy. It has announced its annual results for the year ended 30 April 2019 and it says that, over the year, its net asset value and share price declined by 8.6% and 8.9% respectively on a total return basis, while its All-Share Index benchmark increased by 2.6% over the […]
In QuotedData’s other news 19 July 2019: Adamas Finance Asia has announced that it has rescheduled its AGM. This was previously to take place on 17 August 2019, but has been pushed back to 15 November 2019. No explanation has been offered. The rescheduled AGM will be held at 19/F CMA Building, 64 Connaught Road, […]
John Laing Environmental Assets Group (JLEN) has announced that it has acquired Yorkshire Hydropower Holdings Limited (YHH”) for a total consideration, including working capital, of £4.3 million. YHHL is an entity that owns 100% of the equity in Yorkshire Hydropower Limited (YHL), which in turn holds the rights to two operational hydro projects and an […]
LXi REIT (LXI) has announced that it has completed six, long-let, index-linked acquisitions from separate developers and vendors. The combined total investment of approximately £55m reflects a weighted average net initial acquisition yield of 5.83% (net of acquisition costs). Following these purchases (and those it previously announced on 25 June 2019), the company says that […]
