Over March, we looked at Alcentra European Floating Rate Income (AEFS), after it announced its intention to wind-up – you can access the story here. In an update released today, AEFS said that the fhe fund was down (17.18%) in gross terms over March, behind both the Credit Suisse Western European leveraged loan index, which […]
Europe-focused BMO Private Equity (BPET) posted its year-end results this morning, covering the 12-month period to end-December 2019. An NAV total return of +10.6% was delivered, while the discount narrowed to (8.8%) on the back of a total market return of +23.6%. New investment highlights Eight new commitments to funds were made during the year, […]
Over Schroder Asian Total Return’s (ATR) annual results period to 31 December 2019, it delivered a total NAV return of 15.7% (by comparison, the reference index increased by 14.6%). Clearly, the landscape has changed monumentally since the period-end. In what is his final note to investors as chairman, David Brief, said: “The sudden outbreak of […]
UK-focused Mercantile (MRC), the £1.5bn market cap trust, reported annual results to 31 January 2020. The company out performed its benchmark, with a total NAV return of +28.0% (shareholder’s return was +40.2%). Stock-specific highlights from the year include: Winners: One of the company’s largest holdings is a long standing investment in alternative asset manager Intermediate Capital Group whose shares […]
Fidelity Japan (FJV) has released annual results to 31 December 2019. The company delivered an NAV total return of +36.6%, more than double its reference Index which returned +14.6%%, and the share price total return was +39.4%. Review from chairman David Robins “Holdings in mid to large cap growth stocks were the primary source of […]
NextEnergy Solar (NESF) has released an operational update with respect to its performance over the financial year-end period to 31 March 2020. For the current financial year ending 31 March 2021, NESF says that around 61% of revenues in the UK will be derived from regulated revenues (renewable obligation certificates and others), and approximately 39% […]
Marble Point Loan Financing (MPLF) invests in US loans directly and indirectly through investments in collateralised loan obligation (CLO) equity and debt securities issued by Marble Point CLOs and Marble Point loan acquisition facilities. The company released the following update this morning: “As detailed in the company’s previous monthly reports, the quarterly cash distributions from its portfolio […]
Shareholders have voted to extend Polar Capital Global Financials’s (PCFT’s) life indefinitely. following a general meeting held yesterday (7 April 2020). Results of the general meeting and tender offer “Subsequent to the company’s shareholder circular of 12 March 2020, in which proposals were put forward for the provision of a tender offer to shareholders together […]
Greencoat UK Wind (UKW) said that to-date, there has been no material impact on the company’s day-to-day operations or performance. Aberdeen Standard Asia Focus (AAS) released interim results to 31 January 2020 ( Total return performance in NAV and share price terms was (8.3%) and (6.2%), compared to the MSCI Asia (ex-Japan) smaller companies index […]
Impact Healthcare REIT (IHR) has provided a trading update in light of covid-19. The company has also signed a new revolving credit facility worth £50m with HSBC IHR said that as at 3 April 2020, it had received 100% of the rent due in respect of the forthcoming period from its tenants who operate care […]
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