Polar Capital Global Financials Trust (PCFT) has published a shareholder circular convening a General Meeting for Tuesday, 1 February 2022. The purpose of the meeting is to ask shareholders to renew the board’s authority to issue new ordinary shares (while disapplying the pre-emption rights in respect of such allotments). Since its 2021 AGM, PCFT has […]
Round Hill Music Royalty Fund (RHM) has acquired the music publishing, master rights and master rights royalties for the catalogue of Whitesnake frontman and Deep Purple lead singer from 1973 to 1976, David Coverdale. RHM has also entered into a long-term administration agreement for the neighbouring rights income from the catalogue. RHM says that, due […]
In QuotedData’s morning briefing 14 January 2022: Cordiant Digital Infrastructure has announced that the final condition outstanding for the completion of the acquisition of DataGryd Datacenters LLC has now been satisfied and, accordingly, its acquisition of DataGryd is now complete. BMO Private Equity Trust (BPET) says that it has been advised by Singer Capital Markets […]
Staude Capital’s Global Value Fund has published an open letter to the ordinary shareholders of Third Point Investors Limited, which has been reproduced below. 7 January 2022 Dear Fellow Ordinary Shareholders of Third Point Investors Limited (‘TPIL or the ‘Company’), A Christmas pantomime It was a piece of spin to put a smile […]
Schroder British Opportunities (SBO) has announced that one of its private equity investments, Waterlogic Group Holdings, has agreed to combine with Culligan International to create a leader in sustainable drinking water solutions and services. The transaction is expected to close in the second half of 2022, subject to receipt of regulatory approvals and the satisfaction […]
In QuotedData’s morning briefing 7 January 2022: Supermarket Income REIT (SUPR) has announced that Sainsbury’s has exercised its purchase option to acquire eight stores within a 26-asset portfolio owned in partnership by SUPR, British Airways Pension Trustees Limited and Sainsbury’s. Sainsbury’s acquisition of the eight stores will be completed in July 2023 upon expiry of […]
Ecofin Global Utilities and infrastructure Trust (EGL) has announced its annual results for the year ended 30 September 2021, during which it has comfortably outperformed the utilities and infrastructure indices against which it benchmarks itself. During the year, EGL has provided NAV and share price total returns of 22.9% and 28.9% respectively. Both of these […]
In QuotedData’s morning briefing 21 December 2021: HarbourVest Global Private Equity Limited (HVPE) has announced that its multi-currency credit facility has been increased by US$100 million (from US$600 million to US$700 million) with immediate effect. The additional US$100 million is being provided by Credit Suisse AG London Branch, one of the existing lenders, which has […]
Discount and premiums have a tendency to mean revert, often quite quickly, and so I’m not given to favouring trusts that are trading at ratings much above their long-term averages, unless I can see a good reason. In the case of Pacific Horizon (which was trading at a premium of 6.3% as at 15 December […]
Polar Capital Global Healthcare (PCGH) has released its annual results for the year ended 30 September 2021, during which it has provided NAV and share price total returns of 19.46% and 24.55%, strongly outperforming its benchmark, the MSCI ACWI Health Care Index, which returned 13.40%. Since its restructuring to 30 September 2021, PCGH has provided […]
