BBGI Global Infrastructure (BBGI) has published its annual results for the year ended 31 December 2024, delivering a NAV total return of 2.1% in a year marked by solid portfolio performance but constrained capital deployment. Despite macroeconomic headwinds and continued discount-related challenges, BBGI’s globally diversified portfolio of 56 availability-style social infrastructure assets maintained a high […]
In QuotedData’s morning briefing 28 March 2025: Baillie Gifford Japan Trust (BGFD) has reported its unaudited interim results for the six months to 28 February 2025. During the period, the trust delivered a net asset value (NAV) total return of 1.5%, while the share price total return came in at 2.9%, both comfortably ahead of […]
Henderson High Income Trust (HHI) has announced a reduction in its management fee, effective from 1 January 2025. The trust’s board and manager have agreed to revise the existing fee structure in a move that should be welcomed by shareholders. Under the new terms, HHI will pay a flat management fee of 0.45% per annum […]
Harmony Energy Income Trust (HEIT) has agreed terms for a recommended cash offer from Drax Bidco, a wholly owned subsidiary of Drax Group Plc (DRX), which values HEIT at approximately £199.9m. The offer will be implemented by way of a scheme of arrangement and provides shareholders with 88p per share in cash. The offer represents […]
Herald Investment Trust (HRI) has announced that shareholders have voted overwhelmingly in favour of the trust’s continuation at its AGM today. Resolution 11, the continuation vote, was passed with a significant majority, further underlining support for the board and its strategy. Crucially, if votes believed by the board to have been cast by or on […]
Social Housing REIT (SOHO) has published its audited results for the year ended 31 December 2024, marking a year of operational resilience amidst challenges with certain tenants, as well as a major strategic transition with the appointment of Atrato Partners as its new investment manager from 1 January 2025. Resilient performance despite headwinds Despite issues […]
Great Portland Estates (GPE) has acquired the freehold of One Chapel Place, W1, through the purchase of Cypress Dynasty Limited, in a deal valuing the property at £56.0m (£985 per sq ft on proposed net internal area), reflecting a net initial yield of 4.4%. The 34,230 sq ft West End office building is fully let […]
Oakley Capital Investments Limited (OCI) has announced a significant update to its capital allocation strategy that will see it stop paying a dividend and effective 2025, in favour of focusing exclusively on share buybacks. It has also announced a large new fund commitment to Oakley Capital Fund VI. £20m minimum annual buyback introduced and dividend […]
VietNam Holding (VNH) has released its interim results for the six months to 31 December 2024, delivering a period of solid performance marked by NAV growth, a successful redemption event, a narrowing discount, and a clutch of industry awards. The trust continues to benefit from a supportive Vietnamese macroeconomic backdrop and focused portfolio management. NAV […]
Lindsell Train Investment Trust (LTI) has announced the partial disposal of its holding in Lindsell Train Limited (LTL), the boutique fund management firm it co-founded and remains heavily invested in. According to an update released this morning, LTI has agreed to sell 32 shares in LTL to executive employees of the company. The shares are […]
