JPMorgan Japan Smaller Companies Trust has announced its annual results for the year ended 31 March 2017. During the period, the Trust’s NAV total return was +20.9% and its share price total return was +25.2%. These both underperfomed the trust’s benchmark which it says provided a total return of +34.6%. The chairman, Alan Clifton, says […]
John Laing Environmental Assets (JLEN) has announced that it has acquired the CSGH Solar Portfolio for a total consideration, including working capital, of £12.2 million from sPower Holdings (UK) Limited. The acquisition, which was effected by purchasing the entire share capital of the holding company of the CSGH Solar Portfolio, was funded by a draw-down […]
HICL Infrastructure has announced the results of its recent equity issue. The issue has raised gross proceeds of £267.7m through the issue for cash, subject to listing, of 162,246,567 Ordinary Shares at an issue price of 165.0p per new ordinary share. HICL Infrastructure says that the Issue was materially oversubscribed and in light of the […]
Civitas Social Housing (CSH) has announced that it has completed the purchase of a portfolio of regulated social housing for a total consideration of £2.0 million, comprising the freehold interest in 6 supported living properties, with 12 tenancies, in Southampton. CSH says that the portfolio is immediately income generating with an initial net yield in […]
Custodian REIT has announced its annual results for the year ended 31 March 2017. During the period, the company provided an NAV total return of 8.5% (2016: 6.4%) and a share price total return of 10.3% (2016: 3.5%). The company’s chairman, David Hunter, says that during the year the company invested a total of £105.0m […]
LXi REIT has announced that it has acquired the SIG manufacturing facility at Welton, in a sale and leaseback transaction, for a purchase price for the Property is £9.3 million, reflecting a net initial yield of 7.0% (net of acquisition costs to the Company). The acquisition is being funded from equity resources, with senior debt […]
Personal Assets Trust (PNL) has announced its annual results for the year ended 30 April 2017. Over the year to 30 April 2017, PNL’s net asset value per share rose by 8.6%, which it says compares to a rise of 15.8% in the FTSE All-Share Index. PNL’s share price rose by £32.90 (8.8%) during the year […]
Custodian REIT has announced amendments to the terms of its Investment Management Agreement (IMA) with its fund manager, Custodian Capital Limited (a subsidiary of Mattioli Woods plc). The amendments follow the expiry of the IMA’s initial three year term. Custodian REIT says that, in light of the positive performance of the Company since admission to […]
Perpetual Income & Growth (PLI) has announced its annual results for the year ended 31 March 2017. During the period, it provided an NAV total return of 9.6%. It’s chairman, Bill Alexander (pictured), says that Although this is satisfying in absolute terms, it is less so when compared with the 22.0% return posted by the […]
NB Private Equity Partners (NBPE) has announced two corporate updates. The first is that it expects its A shares to join the FTSE All-Share Index and FTSE Small-cap Index, and secondly, it has completed of the redemption of its 2017 Zero Dividend Preference (“ZDP”) Shares. Inclusion in the FTSE UK Index Series On 31 May […]
