Invesco Perpetual Enhanced Income (IPE) has announced its annual results for the year ended 30 September 2018. During the year, IPE achieved what its chairman, Paul Yates, describes as a “a small but positive total return for shareholders”, based on the share price with dividends reinvested, of 0.1%. However, the share price fell from 80.3p […]
AXA Property Trust (APT) has announced that it has received a “Member’s Requisition of an Extraordinary General Meeting” or, in other words, a request for an EGM. APT says that requires that a general meeting of the Company be convened, at the earliest opportunity, for the purpose of considering and voting on the following resolution: […]
BBGI SICAV (BBGI) has announced that it has completed the acquisition of significant equity interests in three PPP transportation and social infrastructure projects in the Netherlands, via a partnership with VolkerWessels, and additional interests in two LIFT projects in the UK from GB Partnerships Investments Limited. It says that all five of these assets are […]
Mobius Investment Trust (MMIT) listed on 1 October 2018 and is currently in the process of deploying its IPO proceeds. MMIT has now provided an update on its progress in which it says that, while it does not intend to disclose specific portfolio holdings during its ramp up period, it is actively engaging with both portfolio and target companies. It cautions […]
Standard Life Private Equity Trust (SLPE) has announced its final results for the year ended 30 September 2018. During the year, the trust provided Nav and share price total returns of 13.8% and 5.8% respectively. The superior Nav performance reflects a widening of the trust’s discount during the period. In comparison, SLPE says that the […]
JPMorgan Asian Investment Trust (JAI) has announced its final results for the year ended 30 September 2018. During the year, JAI’s return on net assets was +7.3%, representing an outperformance of 2.9 percentage points over the benchmark, the MSCI AC Asia ex Japan Index, which returned +4.4% in sterling terms. The chairman, Bronwyn Curtis, says […]
HEFT’s annual results – NAV provides an in-line performance Henderson European Focus Trust (HEFT) has announced its annual results for the year ended 30 September 2018. During the year, the trust produced a net asset value total return per ordinary share of 2.0% (2017: 21.7%), which is in line with the benchmark total return of […]
BlackRock Commodities Income has announced that its board has decided not to proceed with the discretionary semi-annual tender offer that was due in February 2019. The announcement doesn’t include the underlying rationale for the decision but says that, “Board has concluded that it is not currently in the best interests of shareholders as a whole […]
Henderson EuroTrust (HNE) has announced new fee arrangements that will take effect from 1 January 2019. Under the new fee arrangements, the performance fee will be removed. However, HNE has a tiered base management fee (calculated as a proportion of net assets) and the level where the base fee switches to the lower rate has […]
SQN Secured Income Fund (SSIF) has provided an update on plans to increase its size significantly. The fund’s manager, SQN Asset Management, sees this as an opportune time to increase the size of the fund and proposes to do this via a capital raise. The opportunity SQN Asset Management says that, anticipating a period of […]
