News

24 Jun 2025

RTW Biotech Opportunities’ Corxel Pharmaceuticals makes clinical progress

RTW Biotech Opportunities (RTW) has provided an update on private portfolio company Corxel Pharmaceuticals, its second-largest core holding as at 31 May 2025, representing 8.3% of NAV. Corxel, a clinical-stage biopharma firm developing therapies for cardiometabolic diseases, recently announced two key developments relating to its lead candidate, CX11 – an investigational, once-daily oral GLP-1 receptor […]

24 Jun 2025
sunrise over London

QuotedData’s morning briefing 24 June 2025 – CLDN, FJV, LTI, ESCT, CCJI, JEMA, SRE

In QuotedData’s morning briefing 24 June 2025, Caledonia is holding its public companies spotlight today, which includes a live webcast, Fidelity Japan shareholders have approved changes to its articles that will give the board six months rather than three to come up with proposals following its failed continuation vote, Mike Lindsell has been buying shares […]

23 Jun 2025

Ashoka WhiteOak Emerging Markets beats benchmark for second year

Ashoka WhiteOak Emerging Markets Trust (AWEM) has published its annual results for the year ended 31 March 2025, reporting a NAV total return of 8.8% for the period, 3.0 percentage points ahead of its benchmark, the MSCI Emerging Markets (GBP) Index. Since its IPO in May 2023, AWEM’s NAV is up 21.7% compared with a […]

23 Jun 2025

JPMorgan European Growth & Income reports another year of outperformance

JPMorgan European Growth & Income (JEGI) has reported another good year of performance, extending its track record of outperformance over its benchmark and peers to five consecutive years. For the year ended 31 March 2025, the trust delivered a NAV total return of 3.5%, ahead of the benchmark return of 2.5% and well above the […]

23 Jun 2025

SEIT posts steady NAV and reviews strategic options amid ongoing discount

SDCL Efficiency Income Trust (SEIT) has reported a total return on NAV of 7.1% and maintained its NAV per share at 90.6p for the year ended 31 March 2025. Dividends totalling 6.32p per share were declared and covered by portfolio cash inflows. However, with the shares continuing to trade at a deep discount to NAV, […]

23 Jun 2025

European Smaller Companies and European Assets propose merger

The boards of European Smaller Companies Trust (ESCT) and European Assets Trust (EAT) have announced that they have reached agreement on the heads of terms for a proposed combination of the two companies. The merger will be implemented via a scheme of reconstruction under section 110 of the Insolvency Act 1986, resulting in the voluntary […]

23 Jun 2025
20 Jun 2025

Downing Renewables & Infrastructure agrees recommended cash offer from Bagnall

Downing Renewables & Infrastructure Trust (DORE) has announced that its board has agreed terms for a recommended all-cash acquisition by Polar Nimrod Topco Limited (Bidco), a newly formed vehicle wholly owned by Bagnall Energy Limited. The transaction, which will be implemented via a Court-sanctioned scheme of arrangement, values DORE at approximately £174.6m, or 102.6016p per […]

20 Jun 2025

Aquila European Renewables completes Sagres disposal

Aquila European Renewables (AERI) has confirmed the completion of its previously announced Sagres disposal (a hydropower asset in Portugal), with the company receiving €14.7m in sale proceeds. The deal marks a key step in AERI’s managed wind-down process, following the board’s strategic review and shareholder backing for a staged realisation of assets. Looking ahead, the […]

20 Jun 2025

Octopus Renewables adds sixth solar site to Ballymacarney complex

Octopus Renewables Infrastructure Trust (ORIT) has agreed a conditional forward purchase of a sixth solar site at its Ballymacarney complex in Ireland. The new site, named Irishtown, will add 32.6MW of capacity and increase the total output of the complex by 14% to 274MW. The €27m acquisition will be completed following the site’s construction and […]