In QuotedData’s morning briefing 19 February 2025: Brown Advisory US Smaller Companies (BASC) announced a 5.3% uplift in NAV to 1,550.0p over the six months ended 31 December 2024, while its share price increased 9.2% to 1,400.0p – closing its discount to NAV to 9.7%. The performance lagged its benchmark – the Sterling-adjusted Russell 2000 […]
Foresight Solar’s board said that it was considering a range of strategic options to deliver value to shareholders, having engaged with shareholders. This follows investors voting against its discontinuation back in June where 24.4% voted for the discontinuation of the fund. The board said that some have expressed a desire for liquidity, while others were […]
In QuotedData’s morning briefing 18 February 2025: The board of Assura (AGR) has responded to the announcements yesterday from KKR and USS about the proposal to buy the company. It said that it considered the proposal carefully with its advisers and concluded that it materially undervalued the company and its prospects and therefore rejected it […]
Assura has rejected a bid for the company from a consortium comprising Universities Superannuation Scheme (USS) and US private equity giant KKR valuing it at £1.562bn. USS and KKR have submitted four indicative non-binding proposals to the Assura board regarding a possible cash offer for the company – the most recent at 48.0p per share, […]
The board of Jupiter Green Investment Trust has proposed liquidating the company and giving shareholders the option to roll their investment into units in Jupiter Ecology Fund (Ecology), a Jupiter open-ended fund, or receiving an uncapped cash exit equal to NAV. Accordingly, the board is putting forward proposals to shareholders for the winding-up of the […]
Saba Capital Management has withdrawn its requisition notice of European Smaller Companies Trust after discussions with the board. The US hedge fund has withdrawn the requisition for a period of 30 days to allow both parties to enter into good-faith negotiations aimed at achieving an outcome that benefits all shareholders. Saba had requisitioned the board, […]
Invesco Asia Trust (IAT) has competed its merger with Asia Dragon Trust (DGN) after Asia Dragon shareholders approved the combination yesterday. Invesco Asia Trust has acquired around £544m of assets from DGN in consideration for the issue of 142,619,864 new shares to DGN shareholders. The number of new shares to be issued was calculated based […]
SEGRO, the largest UK listed property company, has amassed a £1.5bn war chest as it aims to become Europe’s largest data centre operator. In positive full-year results to the end of 2024, the company says that it has built a landbank with access to 2.3GW of potential power in Europe’s key data centre ‘availability zones’ […]
In QuotedData’s morning briefing 14 February 2025: Foresight Environmental Infrastructure (FGEN) posted a 2.2% fall in NAV to 197.4p per share over the quarter to 31 December 2024. After paying the quarterly dividend of 1.95p, the NAV total return for the period was -0.34%. Portfolio performance was below forecast primarily due to a period of […]
In a lettings update, Urban Logistics REIT has announced that it completed new lettings on five units, totalling 301,000 sq ft of space and £3.0m of annual rent, since 30 September 2024. Two of the lettings were on assets acquired in September 2024 for a total new headline rent of £1.3m per annum and a […]