Dan Nickols, head of Jupiter’s UK Small and Mid-Cap (SMID) equities team and current co-manager of Rights and Issues Investment Trust (RIII), is retiring at the end of June this year. Following Dan’s retirement, Matt Cable, currently Dan’s co-manager on the trust, will become its lead manager, thereby “ensuring continuity of the investment services provided […]
Weiss Korea Opportunity Fund (WKOF) has announced its annual results for the year ended 31 December 2023. During the year, WKOF provided an NAV total return of -5.5% while, in comparison, its reference index, the MSCI South Korea 25/50 Net Total Return Index, appreciated by 14.8% (all in sterling equivalent terms). This underperformance amounts to […]
BioPharma Credit (BPCR) is providing debt financing to Novocure Luxembourg S.a.r.l. through a senior secured loan agreement. BPCR will invest up to US$200m and BioPharma-V will invest up to an additional US$200m in parallel, with BPCR acting as collateral agent. Under the terms of the transaction, the company will invest up to US$200m across four […]
In QuotedData’s morning briefing 3 May 2023: US Solar Fund (USF) has published a circular with details of the tender it announced on 24 April 2024 which it is proposing to use as a means of returning capital to shareholders. The proposed tender price of $0.764 per share is equivalent to the 31 December 2023 […]
Vietnam celebrates its ‘Reunification Day’ on 30th April each year. The date, which is one of the largest public holidays in Vietnam, marks the day when North Vietnamese and Viet Cong forces captured what was then called Saigon (now Ho Chi Minh City), the capital of South Vietnam, ending the Vietnam War. This year marks […]
JPMorgan Emerging EMEA Securities (JEMA) has announced that it has been named as a defendant to civil proceedings being brought by VTB in the Russian courts, which were commenced on 17 April 2024. The claim has been brought against certain JPMorgan entities and relates to US$439m held in a correspondent banking account with JPMCB (NY […]
GCP Infrastructure (GCP) has sold its interest in loan notes secured against Blackcraig Wind Farm at a 6.4% premium to the valuation of the project as at 31 March 2024. The disposal has generated net cash proceeds of around £31m and these will be used to prepay drawings under GCP’s revolving credit facility. GCP says […]
In QuotedData’s morning briefing 26 April 2024: NB Distressed Debt has published its annual results for the year ended 31 December 2023. As a reminder, each share class is in its harvest period and there is now very little left of the fund. Perhaps reflecting this, there is not the usual depth of information that […]
Aquila Energy Efficiency Trust (AEET) has published details of a tender offer under which up to 18.6% of its issued share capital may be repurchased at 94.28p per share, up to a maximum consideration of £17.5m. AEET is publishing a circular which we would suggest that shareholders read. AEET is seeking shareholders’ approval for the […]
Gresham House Energy Storage (GRID) has published a trading update in advance of the publication of its annual results for the year ended 31 December 2023 expected on 29 April 2024. GRID’s chair, John Leggate, says “The BESS sector, the Company and its shareholders are going through the most challenging operating environment since the Company’s […]
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