UK Commercial Property Trust (UKCM) has announced its final results for the year ended 31 December 2016. During the year, which the Trust’s chairman, Andrew Wilson, describes as, “a positive and progressive year” for the trust, UKCM provided an NAV total return of 3.8% and a share price total return of 3.8%. UKCM says that […]
John Laing Environmental Assets has announced that it has acquired the Moel Moelogan 2 wind farm (MM2) for £22.65m cash, including working capital and the repayment of a project finance loan at completion. The acquisition was funded by a draw-down under the Company’s revolving credit facility. Moel Moelogan 2 is an onshore wind farm located […]
JZ Capital Partners has announced that, following a review and consultation with its largest Shareholders, its board that the current dividend policy, which seeks to distribute out of profits in each financial year in the form of dividends an amount equal to approximately three per cent of the Company’s net assets for that financial year, […]
Funding Circle SME Income Fund (FCIF) has announced that its recent C share placing has seen 142,000,000 C Shares placed raising gross proceeds of £142 million. The net proceeds of the issue are to be used to purchase investments originated by Funding, save to the extent that some will be retained for working capital purposes, […]
Industrial Multi Property Trust is convening an Extraordinary General Meeting on 11 May 2017. The notice for the EGM includes four ordinary resolutions, including three requisitioned by Alpha Real Trust and one proposed by the Board of the Company. These are detailed below. The ordinary resolutions requisitioned by Alpha Real Trust: (1) THAT the Company […]
SVG Capital has announced the results of its Tender Offer which closed on 7 April 2017. The company says that 41,762,005 Ordinary Shares were validly tendered and will be purchased at a price per Ordinary Share of 715 pence, for a total cost of £298,598,335.75. This represents approximately 63.8 per cent. of the issued share […]
Scottish Mortgage has announced that it has agreed to raise a total of £125 million in long term, fixed rate, senior, unsecured private placement notes, denominated in sterling. The funds raised will be used to retire, in part, an existing bank debt facility of US$165 million which is to due to mature in early April […]
Redefine International has announced that it has reached a conditional agreement to acquire control of the German Leopard Portfolio joint venture, in which it holds an existing 50 per cent. equity interest, for an aggregate consideration of €49 million (€49.4 million including transaction costs). Following the acquisition, Redefine International will hold an effective 94 per […]
Epiris, the manager of Electra Private Equity (Electra), has announced that it has sold its remaining stake in Hollywood Bowl. Electra is to receive £40 million from the sale. This reportedly represents a small decrease in Electra’s NAV on the valuation of the investment at 30 September 2016 but, inclusive of proceeds already received, Espiris […]
Custodian REIT has announced that it has entered into an agreement with Aviva Investors Real Estate Finance (Aviva) for Aviva to provide it with a new term loan facility of £50m. The facility comprising two tranches: Tranche 1 is for £35m and Tranche 2 is for £15m. Custodian REIT says that it drew down Tranche […]
