Ranger Direct proposes a share buy back- Ranger Direct Lending Fund plc (RDL) has announced today that they have made a proposal to the zero dividend preference share holders about a potential buy back of shares. They are seeking an agreement that will address both the needs of ZDP share holders and the share holders […]
BB Healthcare announces result of issue- BB Healthcare Trust plc (BBH) announced today that they have successfully raised gross proceeds of approximately £46.3 million from an initial placing, offer for subscription and intermediaries offer of ordinary shares. The net proceeds of the initial issue are approximately £45.4 million. They raised the money through the issue […]
Funding Circle gets backing from British Business Bank- Funding Circle SME Income Fund Limited (FCIF) has announced today that they have backing from the British Business Bank. British Business Bank will provide £150 million of funding via a senior, floating rate, loan. The loan will be used by Funding Circle to fund loans with small […]
Hipgnosis buys stake in Bernard Edwards catalogue- Hipgnosis Songs Fund Limited (SONG) has announced today that they have purchased a stake in the music catalogue of Bernard Edwards. They have not released how much their 37.5% stake was purchased for. Bernard Edwards is widely known for his partnership with Nile Rodgers, together they founded CHIC […]
Foresight Solar acquires 11 solar assets- Foresight Solar Fund Limited has announced today that they have acquired 11 operational solar assets which have a total combined capacity of 80.9 MW. They have purchased these assets for £33.1 million, including economic benefit of all cashflow from 1 April 2018. As previously reported on, Foresight is using […]
BlackRock Frontier announces result of rollover- BlackRock Frontier Markets (BRFI) has announced today the results of the C share issue from BlackRock Emerging Europe plc (BEEP) windup (read more here). BlackRock Frontier will be issuing C shares for 100 pence per C share in exchange for the transfer to it of cash, cash equivalent and […]
Volatility hinders returns at Keystone – Keystone Investment Trust (KIT) posted a NAV return of 0.0% for the year ended 30 September 2018, compared to last year’s NAV return of +7.8%. Share price total return for the year was also down compared to 2017 (share price total return for 2018 was 0.8% and 2017 was […]
Tufton Oceanic Assets Limited buys two containerships- Tufton Oceanic Assets Limited has acquired two containerships for US$13 million. The first containership is designed to haul fresh fruit all over the globe and the second ship is an LPG Carrier that they bought a 75% stake on 25 July 2018. Tufton purchased the remaining 25% stake […]
Aberdeen Standard European Logistics buys in France- Aberdeen Standard European Logistics Income PLC (ASLI) acquires a high quality logistics warehouse in Meung-sur-Loire, France. The total value of the acquisition is €23.5 million which will provide Aberdeen Standard a net initial yield of 4.7%. Contracts will become unconditional by no later than 22 January 2019. The […]
ReSI outperforms its expectations- Residential Secure Income plc (“ReSI”) (RESI) outperforms its expectations for the year since its IPO in July 2017. The NAV total return for the year was 9.5% which exceeded the 8%+ target set at IPO. This was driven by 7.0% uplift in portfolio valuation to £225.2 million compared to their acquisition […]
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