Highbridge Multi-Strategy Fund has announced that, noting the reduction in the discount of the share price to NAV over the subsequent three months and also the recent stability of the discount at around 5%, the fund’s Board has canvassed the views of a number of larger Shareholders, a majority of whom have indicated that they […]
Adamas Finance Asia (ADAM) has announced that it has agreed terms for the sale of its indirect 15% interest in the Tian Tong Shan Villa Project (the TTS Project), a resort development in Fujian Province, China for a total consideration of up to RMB 113.58m (approximately US$16.4m). The arrangements appear to be somewhat complicated and […]
JPMorgan Russian Securities has announced that, following consultation with the Company’s large shareholders and its advisers, it plans to introduce, subject to shareholders approving a resolution in favour of the Company’s continuation as an investment trust at the Company’s AGM on 7 March 2017, a measure that places an obligation on the Board to make […]
NextEnergy Solar Fund (NESF) has announced that it has signed and exchanged two separate share purchase agreements to purchase four plants for a total of £21m. The first agreement covers a portfolio of three solar plants (Bowden, Stalbridge and Long Ash Lane) of 5MWp each. The second agreement covers the 5MWp Mill Farm solar plant. […]
Industrial Multi-Property Trust (IMPT) has announced that, in addition to the EGM already convened for 19 January 2017 by Alpha Real Trust (an 18.7% shareholder in IMPT), IMPT’s directors are convening a second EGM for 27 January 2017. Rather than cut and paste from the announcement, we have attached a copy of it here. However, the […]
In its dividend announcement of 15 December 2016, Funding Circle SME Income Fund advised that its board has decided to offer shareholders a choice to receive dividends in cash or in shares via scrip dividend, with further details on the scrip dividend alternative to be provided in due course. The Company has now announced that it […]
VPC Specialty Lending has announced that, on 30 December 2016, it completed its first share repurchase under its new buyback programme. 1.5m shares were repurchased at a price of 77.25p per share, this being a 20.4% discount to the company’s most recently published NAV of 96.99p per share on 31 October 2016. The company says […]
UK Mortgages Limited has announced that terms have been agreed, and signed, for the purchase of an existing pool of mortgages, which, if completed, will be UKML’s third transaction and will deploy its remaining investible capital. The company says that it expects the transaction will be completed early in 2017, following the finalisation of certain […]
VPC Specialty Lending has announced that, in light of the significant disparity between the Company’s share price and its Net Asset Value per share, it will commence a share buyback programme. As at the date of the announcement (22 December 2016), the Company says that its shares are trading at a 17.9% discount to net […]
Civitas Social Housing (Civitas) has announced that it has completed a £15m acquisition of a portfolio, with an initial net yield of 6.5%, comprising the freehold interest in 17 supported living properties in Gloucester, Weston-Super-Mare, the Wirral and Durham. The acquisition is the company’s second since its IPO and the portfolio provides long term housing […]
