Securities Trust of Scotland (STS) has announced its annual results for the year ended 31 March 2019, in which it outperformed its peers. During the period, STS provided an NAV total return of 11.4% and a share price total return of 9.6%. The trust says that that these are ahead of the peer group median […]
Hipgnosis Songs Fund (SONG) has announced its maiden final results in which it says it has achieved a 6.1% gross yield. Specifically, the results cover the period from 8 June 2018 (SONG’s date of Incorporation) to 31 March 2019. SONG says that, “recognised net revenues from the Portfolio from incorporation on 8 June 2018 to […]
AEW UK REIT (AEWU) has announced its annual results for the year ended 31 March 2019, during which it achieved its target income returns of 8p per share. Dividends were fully covered by EPRA EPS of 8.07 pps. Mark says that this reflects the high yielding nature of the portfolio. . The chairman, Mark Burton, […]
BMO Private Equity Trust (BPET) has announced that it has entered into a new five-year unsecured credit facility agreement with The Royal Bank of Scotland International Limited. The new facility is comprised of a €25 million term loan and a £75 million multi-currency revolving credit facility. It replaces BPET’s previous arrangements with Royal Bank of […]
Further to Regional REIT’s (RGL’s) announcement on 17 May 2019 that it was considering an equity fundraise “to take advantage of its growing near-term pipeline of opportunities”, the company has announced proposals for a £50m fund raising. The proposed fundraise will comprise a Placing, Open Offer, Offer for Subscription and Intermediaries Offer. In summary, RGL […]
India Capital Growth (IGC) has announced that, with effect from 1 July 2019, its annual management fee will be charged at a rate of 1.25%. This is a reduction from the current rate of 1.50%. Reflecting this, the company says that its annualised ongoing charges ratio is forecast to fall to around 1.6% ,based upon […]
Secure Property Development & Investment (SPDI) has provided an updates on the sale of its non-Greek assets to Arcona Property Fund N.V. Witan Investment Trust has announced that shareholders approved its proposed five-for-one share split at the company’s Annual General Meeting on 1 May 2019. The split will take effect from 28 May 2019. BMO […]
Tritax EuroBox has announced that it has completed the fundraising that it announced on 21 May 2019, raising €135m of gross proceeds in a placing to both existing and new shareholders. The proceeds are to be used to fund both the companies investment pipeline and asset management initiatives within the existing portfolio. Placing was not […]
Odyssean Investment Trust (OIT) has announced its first set of annual results. These cover the period between 21 December 2017 (OIT’s date of Incorporation) to 31 March 2019. The reults include the following key highlights: Successful launch and IPO in May 2018, raising gross proceeds of £87.5m from a high-quality list of shareholders. Portfolio Manager […]
Murray International has agreed a new GBP30 million loan facility with the Royal Bank of Scotland International Limited which was drawn in full on 16 May 2019 and fixed for five years at an all-in rate of 2.25%. The new facility has, in part, been used to repay a maturing GBP15 million loan (also with the […]
