Dollar and exits power 17.5% return for Aberdeen Private Equity – Aberdeen Private Equity says that for the financial year ended 31 March 2017, its NAV rose by 14.2% to 152.24p. Inclusive of the two dividends, 2.2p and 2.0p (total 4.2 pence) paid respectively in September 2016 and March 2017, shareholders received a sterling NAV […]
3i Infrastructure considering sale of Anglian Water. The Board of 3i Infrastructure plc says it notes the press speculation regarding a potential sale of its interest in Anglian Water Group. The company confirms that it is considering options in relation to its holding in Anglian Water which is held through 3i Osprey LP, a partnership […]
Summit Germany spends €100m in Wolfsburg. Summit Germany Limited, the AIM-listed German commercial property investment company, has announced that it has entered into an unconditional agreement with Dazzle Capital Holdings Ltd., for the acquisition of a portfolio of commercial properties at a total purchase price of approximately €100 million including acquisition costs, located in 4 different […]
LondonMetric Property sells last Marlow office. LondonMetric Property has announced that it has exchanged on the sale of its last remaining office asset in Marlow to Kildare Partners for GBP68.5 million. The 231,000 sq ft office property is 96.7% let off a WAULT of 7.0 years to Allergan, Dun & Bradstreet, Lexington Catering, Icon Clinical and […]
UK Mortgages takes steps to tackle falling NAV as capital distributions eat into fund. UK Mortgages has made an update presentation to investors. In it, it acknowledges that it has taken longer to invest the proceeds of its IPO than expected. The longer investment period has meant: Slower earnings growth A longer period of uncovered […]
Ranger Direct Lending updates on Princeton saying it has initiated arbitration proceedings. Princeton is incorporated in the British Virgin Islands and invests in a Delaware master fund (the “Princeton Master Fund”) which is a party to the underlying lines of credit. Ranger Alternative Management II, LP (the “Investment Manager”), the Ranger Specialty Income Fund, LP […]
Great year for Monks as seven holdings more than double. Over the year to 30 April 2017, Monks’ net asset value total return was 40.0% compared to a total return of 31.0% for the World Index (in sterling terms). The share price total return for the same period was 53.9%, with the discount narrowing to 0.6%. The one […]
JPMorgan American slashes fees. The Board of JPMorgan American Investment Trust has announced that, following a review, the investment management fee arrangements with JPMorgan Funds Limited will change. With effect from 1st October 2017, the annual investment management fee, currently 50bps of total assets less current liabilities, with no tiering, will be charged at an annual […]
Sale of Land at International Healthcare Park Aseana Properties has announced that its 72.35% owned subsidiary, Hoa Lam-Shangri-la Healthcare (HLSL), has completed the sale of a plot of 1.23 hectares of land at International Healthcare Park (IHP), in Ho Chi Minh City, Vietnam. The sale, to Tien Phat Consultancy, has been achieved through the sale of […]
Picton Property Income (Picton) has announced that it has extended one of its revolving credit facilities (RCF) with Santander Corporate and Commercial Banking. Picton has two revolving credit facilities, one of which expires in 2018 and the other in 2021. The 2018 facility has now been extended and will expire at the same time as […]
