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 […]
Triple Point Social Housing REIT has announced that it has completed the acquisition of 24 supported housing properties, comprising 143 units in total, for an aggregate commitment of £24.15m (excluding costs). The properties are located in the North East (20 units), the East Midlands (62 units), the West Midlands (8 units), the South East (9 […]
Tufton Oceanic Assets has announced that it has agreed to acquire two product tankers for a total of $36m. These acquisitions will be the third and fourth investments made from the c share proceeds announced on 11 October 2018 and will take the Company’s fleet to ten vessels. Limited information is provided in the announcement, […]
Electra Private Equity has announced its final results for the year ended 30 September 2018. The trust is conducting a managed wind down of its portfolio. Commenting on the results, Neil Johnson, the trust’s chairman, had the following to say, “From a market capitalisation of £1.2bn at the start of October 2015 we have now […]
MedicX Fund (MXF) has announced its final results for the year ended 30 September 2018. The company describes it as, “Another year of strong performance, reflecting progress and achieving notable milestones”. Financial highlights The announcement highlights the following from the financial results: 11.4% increase in EPRA earnings per Ordinary Share, from 3.5p per share to […]
Schroder AsiaPacific Fund has announced its final results for the year ended 30 September 2018. Its chairman, Nicholas Smith, says that, during the year, “the Company retained the gains made in the two prior exceptional years, despite difficult market conditions generally”. The NAV produced a positive total return of 4.2%, very slightly trailing the benchmark, […]
BlackRock Frontiers (BRFI) has announced its final results for the year ended 30 September 2018. During the year, which the trust’s chairman describes as being a transition year, BRFI provided an NAV total return of -6.6% (in US dollar terms) thereby underperforming its reference index, which rose by 2.3%. (With effect from 1 April 2018, […]
The Local Shopping REIT has announced its final results for the year ended 30 September 2018. During the year, the Company made a loss of £7.15m (2017 loss £0.86 million) on an IFRS basis but made significant progress with its property disposal programme. As at 30 September 2018, the company’s portfolio was valued at £22.3 […]
