Hipgnosis Songs Fund Limited has announced that it has signed a Revolving Credit Facility (RCF) of £65 million from JPMorgan Chase Bank (as Lead Arranger). The RCF will be available for three years and the Company may request an increase in the RCF commitment by a further £35 million subject to certain conditions. Hipgnosis says […]
Alliance Trust has announced that Willis Towers Watson, its appointed investment manager, has added a new stock picker, Vulcan Value Partners (VVP), to its list of list underlying investment managers. Alliance Trust follows, what it describes as, a “best-in-class multi-manager investment strategy”. The appointment of VVP takes the number of stock pickers selected for the Trust […]
Augmentum Fintech has announced that it has invested £5m in the on-line mortgage broker and lender, Habito. Habito (www.habito.com) says that it searches the whole market (90+ lenders, 20,000+ mortgages) to find its customers the best mortgage based on their circumstances About Habito Habito describes itself as “transforming the United Kingdom’s £1.3 trillion mortgage market […]
Flowstream Royalties Limited (FSR) has published a prospectus (see below) in relation to an IPO that is targeting a capital raise of up to US$250m (with a minimum of US$100m) to invest in royalties and streams on assets related to the upstream oil and gas industry, and associated infrastructure. Once the Company is fully invested, it intends to […]
In QuotedData’s other news 2 August 2019 Capital and Regional has provided a trading update for the first half of 2019, ahead of its half-year results, which will follow on 11 September. The company says that it is seeing continued evidence that its community strategy is working; strong leasing momentum with new lettings undertaken at […]
Diverse Income Trust’s annual results, for the year ended 31 May 2019, suggest it has been a challenging year for the trust. During the period, the trust’s NAV fell by 5.9% on a total return basis, while its share price fell by 13.6% in total return terms, reflecting a widening of the discount during the […]
Henderson Smaller Companies (HSL), managed by Neil Hermon (pictured) has announced its annual results, for the year ended 31 May 2019, during which it mildly underperformed its benchmark. The chairman, Jame Cayzer-Colvin, highlights that this is just the second year of underperformance in the 16 years that Neil Herman as managed its portfolio. Specifically, HSL’s net assets […]
Woodford Funds has issued a statement that Benevolent AI and Industrial Heat have delisted from The International Stock Exchange (TISE). These are major holdings in both the Woodford LF Equity Income Fund (a UCITS fund) and Woodford Patient Capital Trust (WPCT – a UK investment trust). While WPCT, with its closed ended structure, may suffer from […]
Finsbury Growth and Income Trust, managed by veteran fund manager Nick train, has announced amendments to the fee arrangements for: the Company’s Alternative Investment Fund Manager (Frostrow Capital LLP); and the Company’s Portfolio Manager (Lindsell Train Limited). The changes come into effect immediately. Frostrow Capital’s fees Frostrow Capital LLP will receive an annual fee of 0.15% […]
JZ Capital Partners(JZCP) has just announced a number of proposals, which include plans to return US$30m via a tender offer “and resultant Off-Market Acquisitions” at a 5% discount to NAV. The company has listed the following recommended proposals to approve: The Company’s proposed disposals of ownership interests in each of Jordan Health Products, LLC (Avante), […]
