Land Securities has provided an update on its June rental collection in which it has says that after taking into account concessions and deferrals, the net rent due at 24 June was £109m (down from a gross of £122m), of which 60% was paid within five working days. The proportion for the prior yearv was […]
Alcentra European Floating Rate Income (AEFS) has announced its annual results for the year ended 31 March 2020, which show a significant decline in NAV during the period (from 103.61p as at 31 March 2019 to 82.68p as at 31 March 2020 – a fall of 20.2%). The majority of the NAV decline occurred in March […]
Invesco Income Growth (IVI) has announced its results for the year ended 31 March 2020, a year that its manager has described as being a volatile one for the trust: dominated by concerns over the outlook for global economic growth, Brexit negotiations and the UK General Election, which were overwhelmed in the final three months by […]
In QuotedData’s morning briefing 3 July 2020: Octopus Renewables (ORIT) has provided an update on its progress in deploying the proceeds of its IPO in December 2019. In summary, it has a pipeline of approximately £1.7bn. This includes 333MW of operational and construction ready solar PV projects and construction ready onshore wind projects, located in the […]
Bluefield Solar Income Fund has published a circular to shareholders in which it has set out proposals that are designed to prepare for the future. The company wants to amend its Investment Objective and Investment Policy, make changes to the Investment Advisory Agreement and disapply pre-emption rights. Shareholders will have the opportunity to vote on […]
Gore Street Energy Storage Fund (GSF) has announced that JXTG Nippon Oil & Energy Corporation of Japan has subscribed for £2,883,000 (before expenses) of its shares in a direct subscription. In tandem with this, the company has also separately announced a retail offer that it to be conducted through the PrimaryBid platform, as well as […]
Revelations that the German payment company, Wirecard, cannot account for €1.9bn of cash on its balance sheet have hit Alexander Darwall’s European Opportunities Trust hard. Darwall has been a longstanding investor in Wirecard and it is the trust’s largest holding. Wirecard’s shares crashed after its auditor Ernst & Young refused to sign off its accounts, […]
Templeton Emerging Markets (TEM) has announced that, following a review, the management fee arrangements with Franklin Templeton are changing and shareholders will benefit from a modest fee reduction. The current annual management fee is 1% of net assets up to £1 billion and 0.85% of net assets above that level. With effect from 1 July 2020, the fee […]
Workspace Group has announced its annual results for the year ended 31 March 2020. Graham Clemett, Workspace’s CEO, describes the results as strong, but notes that this has been overshadowed by the dramatic impact of the Covid-19 pandemic. He also comments that Freehold ownership of its properties means that Workspace can quickly adapt these to […]
Yew Grove, the Itrish commercial property REIT, has provided an update on rent collections in the second quarter 2020. This follows a statement from the company, on 15 April, in which it said that it expected to collect at least 95% of second quarter 2020 rents. As at 4 June, Yew Grove says that it […]
