Scottish Mortgage (SMT) has raised further borrowings of £188m in long-term, fixed rate, senior, unsecured private placement notes, denominated in a mixture of Sterling and Euros. SMT says the transaction has provided it with further long-term financing at very attractive rates. The new notes are part of SMT’s existing gearing facilities and represent the third set […]
GCP Asset Backed Income (GABI), which invests in asset backed loans, has this morning announced that it has entered into an agreement with Royal Bank of Scotland International in respect of an increase to the revolving credit facility for an amount of £50m, split as £40m maturing in August 2020 (plus a 12-month extension option, […]
In QuotedData’s other news 14 January 2020 – Primary Health Properties (PHP) has announced board changes, noting a board of six, consisting of four independent non-executive directors and two executive directors is the appropriate size for PHP going forward, given the relative simplicity of the business model. Accordingly, a replacement for Helen Mahy, whose decision to […]
Macau Property Opportunities (MPO) has provided an update covering the six month period to 30 September 2019. Over the period, shareholders voted to extend the company’s lifespan by one year until the next continuation vote in November 2020, in order to enable an orderly ongoing divestment process. Revised fee structures for the manager and the administrator […]
In QuotedData’s other news 13 January 2020 – US Solar Fund (USF) has announced the acquisition of 100% of the cash equity interests in three operating utility-scale solar power projects totalling approximately 11MWDC in North Carolina. Including the financial close of the five projects announced on 2 January, USF has now closed all eight projects of […]
RDI REIT (RDI) says letting activity has been positive and it is continuing to make progress with its strategic disposal programme. The company’s CEO, Mike Watters, noted: “Our asset management team has delivered a number of letting successes, reflecting our ongoing focus on maximising the potential of our core portfolio. Within our non-core portfolio, we are […]
Hipgnosis Songs (SONG) has this morning announced that it has invested £214m of the proceeds of its C share fundraising from October 2019, representing around 95% of the net proceeds of the fundraise. SONG intends to convert the C shares (Ticker: SONC) into Ordinary Shares (Ticker: SONG) with the conversion ratio expected to be announced on […]
In QuotedData’s other news 8 January 2020 – Invesco Perpetual Select (IVPG) announced a manager change with Stephen Anness taking on the responsibility as lead manager for the company’s global equity income portfolio. The company noted that Stephen joined Invesco in 2002 to work in the UK equities team and moved on to manage global equity […]
Real Estate Investors (RLE) has released a trading update with CEO Paul Bassi, commenting, “Despite high levels of economic and political uncertainty creating a relatively static market in 2019, we have increased our revenues and covered our dividend payments, with contracted rents rising to £17.66m, up 3.85% over the year. Looking ahead into 2020, we anticipate […]
FastForward Innovations (FFWD) invests in disruptive high growth technology and life sciences businesses. The company has this morning announced that it has completed the sale of its entire holding of debentures in Canada’s Cryptologic (formerly Vogogo) for around C$1.5m. Cryptologic seeks cannabis pivot As per announcements made by Cryptologic in August and September of 2019, Cryptologic, is seeking to […]
