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 […]
NextEnergy Solar Fund (NESF) has announced the results of its placing. It says that the level of confirmed demand was significantly in excess of the original targeted fundraising of £100m and that due to the substantial oversubscription, the Board, after consulting the Investment Manager, has elected to exercise its right to increase the size of […]
F&C Global Smaller just fails to match rising benchmark – it says that small cap stocks more than held their own against the larger companies, doing particularly well in the US, over the year ended 30 April 2017. The fund’s benchmark is a blended index of the returns from the MSCI All Country World ex UK […]
LXi REIT has announced that it has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Kent, West Sussex and Gloucestershire. The purchase price for the Portfolio is £3.2 million, reflecting a net initial yield of 6.0% (net of acquisition costs to the Company). Lxi REIT […]
Great Portland buys an acre of Whitechapel – Great Portland Estates plc has acquired the freehold of land and buildings including Cityside and Challenger House, 40/42 Adler Street and 2/8 Whitechapel Road, London E1 from Hermes Investment Management, for GBP49.6 million (GBP320 per sq ft). The 1.1 acre site sits between Aldgate to the west and […]
Phaunos Timber Fund bites the dust – the Board of Phaunos Timber Fund Ltd has announced that at the Annual General Meeting held at 11.00 a.m. on 19 June 2017, all resolutions were duly passed on a poll with the exception of Resolution 7 (the Continuation Vote). As Resolution 7 has not been passed, it is the Board’s […]
Jardine and Samsung help Aberdeen New Dawn outperform. Aberdeen New Dawn says its net asset value (“NAV”) total return for the year was 39.0%, ahead of the total return of 36.4% from the MSCI All Countries Asia Pacific ex Japan Index. The share price total return was 38.8%, with the share price of 212.0p at the […]
BP Marsh buys New York based insurance distribution company, XPT. B.P. Marsh & Partners has invested $6,000,000 into a New York based specialty lines insurance distribution company. Following recent press speculation, the company is pleased to announce further details concerning this new venture. B.P. Marsh has subscribed for a 35% shareholding in the New York […]
BlackRock Greater Europe has announced that it has been informed that Vincent Devlin, co-portfolio manager of the Company, will be stepping down as portfolio manager. Stefan Gries, a senior Director within the BlackRock’s European Active Equity team has been appointed co-portfolio manager alongside Sam Vecht, who retains principal responsibility for the Company’s emerging European portfolio. […]
Supermarket Income REIT has announced its intention to launch an initial public offering of its shares on the specialist fund segment of the main market of the London Stock Exchange. Seeking to raise up £200m Supermarket Income REIT is seeking to raise up to £200 million by way of a placing and offer for subscription. […]
