In QuotedData’s morning briefing 24 January 2025: Starwood European Real Estate Finance (SWEF) has published a new quarterly portfolio update for the quarter ended 31 December 2024. The update says that the orderly realisation of the portfolio is progressing (to date, SWEF has returned £210.0m to shareholders through compulsory redemptions since the orderly realisation strategy […]
The proxy adviser Glass Lewis has recommended that shareholders vote AGAINST Saba’s requisitioned resolutions for CQS Natural Resources Growth and Income (CYN) at the upcoming general meeting. The Glass Lewis recommendation is in line with the unanimous recommendation of CYN’s board, which continues to urge shareholders to VOTE AGAINST the proposed requisitioned resolutions for the […]
CC Japan Income & Growth (CCJI) has published annual results for the year ended 31 October 2024, which show that it has provided NAV and share price total returns of 16.1% and 13.2% respectively, whilst the TOPIX has returned 13.4%. Discount widening over the year means that CCJI’s share price is effectively in line with […]
Triple Point Energy Transition (TENT) has sold its remaining investments – specifically, the hydro-electric portfolio, which comprises six hydro-electric subsidiaries, and the remaining LED receivables finance agreements – for £44.1m, meaning that its managed wind down has been substantially completed within a year. The acquirer is Arkaig Bidco Limited, a company owned and managed by […]
Separately, the boards of BlackRock World Mining (BRWM), BlackRock Energy and Resources Income (BERI), BlackRock American Income (BRAI) and BlackRock Smaller Companies (BRSC) have all issued statements this morning that say they have entered into agreements with Saba Capital Management LP, under which Saba has given a number of undertakings to each trust as follows: […]
In QuotedData’s morning briefing 22 January 2025: Impax Environmental Markets (IEM) is calling a general meeting to ask shareholders to renew its authority to repurchase shares. IEM says that, as at 20 January 2025, it has bought back 28,109,153 shares and the repurchase authority granted at the 2024 AGM has been substantially utilised. Its […]
Edinburgh Worldwide has published both its annual results for the year ended 31 October 2024 and a circular in relation to the general meeting requisitioned by Saba. EWI’s board strongly recommends that shareholders vote against all of Saba’s resolutions at the general meeting on 14 February and for all of the AGM resolutions – the […]
Digital 9 Infrastructure (DGI9) has signed a binding agreement with EXA Infrastructure to sell its Atlantic and Irish Sea subsea fibre business, Aqua Comms for US$48m (around £40m). The transaction, which follows DGI9’s recent divestment of EMIC-1 announced on 31 December 2024, is subject to the receipt regulatory approvals in a number of jurisdictions, including […]
The European Smaller Companies Trust (ESCT) has issued a statement this morning in which its board reiterates that it unanimously recommends shareholders vote against what it refers to as “Saba’s Damaging Proposals”. ESCT’s board says that it has noted the announcement by Saba on 13 January 2025, the webinar it held on 14 January 2025 […]
RTW Biotech Opportunities (RTW) has announced that it has made a new investment in series A fundraising of Windward Bio, a Swiss private, clinical-stage drug development company committed to improving outcomes for people living with advanced immunological diseases with an initial focus on severe respiratory conditions. The Series A round raised US$200m in funds which […]
