Mobius Investment Trust (MMIT) listed on 1 October 2018 and is currently in the process of deploying its IPO proceeds. MMIT has now provided an update on its progress in which it says that, while it does not intend to disclose specific portfolio holdings during its ramp up period, it is actively engaging with both portfolio and target companies. It cautions […]
Standard Life Private Equity Trust (SLPE) has announced its final results for the year ended 30 September 2018. During the year, the trust provided Nav and share price total returns of 13.8% and 5.8% respectively. The superior Nav performance reflects a widening of the trust’s discount during the period. In comparison, SLPE says that the […]
JPMorgan Asian Investment Trust (JAI) has announced its final results for the year ended 30 September 2018. During the year, JAI’s return on net assets was +7.3%, representing an outperformance of 2.9 percentage points over the benchmark, the MSCI AC Asia ex Japan Index, which returned +4.4% in sterling terms. The chairman, Bronwyn Curtis, says […]
HEFT’s annual results – NAV provides an in-line performance Henderson European Focus Trust (HEFT) has announced its annual results for the year ended 30 September 2018. During the year, the trust produced a net asset value total return per ordinary share of 2.0% (2017: 21.7%), which is in line with the benchmark total return of […]
BlackRock Commodities Income has announced that its board has decided not to proceed with the discretionary semi-annual tender offer that was due in February 2019. The announcement doesn’t include the underlying rationale for the decision but says that, “Board has concluded that it is not currently in the best interests of shareholders as a whole […]
Henderson EuroTrust (HNE) has announced new fee arrangements that will take effect from 1 January 2019. Under the new fee arrangements, the performance fee will be removed. However, HNE has a tiered base management fee (calculated as a proportion of net assets) and the level where the base fee switches to the lower rate has […]
SQN Secured Income Fund (SSIF) has provided an update on plans to increase its size significantly. The fund’s manager, SQN Asset Management, sees this as an opportune time to increase the size of the fund and proposes to do this via a capital raise. The opportunity SQN Asset Management says that, anticipating a period of […]
Triple Point Social Housing REIT has announced that it has completed the acquisition of 24 supported housing properties, comprising 143 units in total, for an aggregate commitment of £24.15m (excluding costs). The properties are located in the North East (20 units), the East Midlands (62 units), the West Midlands (8 units), the South East (9 […]
Tufton Oceanic Assets has announced that it has agreed to acquire two product tankers for a total of $36m. These acquisitions will be the third and fourth investments made from the c share proceeds announced on 11 October 2018 and will take the Company’s fleet to ten vessels. Limited information is provided in the announcement, […]
Electra Private Equity has announced its final results for the year ended 30 September 2018. The trust is conducting a managed wind down of its portfolio. Commenting on the results, Neil Johnson, the trust’s chairman, had the following to say, “From a market capitalisation of £1.2bn at the start of October 2015 we have now […]
