GCP Infrastructure – funding for Green Investment Bank – The Board of GCP Infrastructure notes the announcement by Macquarie Group today in respect of its acquisition of the UK Green Investment Bank. The Board confirms that the company has entered into a conditional, binding commitment with a Macquarie-owned entity to subscribe for a series of loan […]
Primary Health Properties (PHP) has announced that it has agreed revised terms with Nexus Tradeco Limited (its investment adviser) with respect to the fees payable for the management of its property portfolio with effect from 1 January 2017. Under the revised terms, the fee payable for the management of the Company’s property portfolio will be […]
In August 2015, SQN agreed a 5 year financing arrangement with a US solar cell manufacturing company (not named by SQN but almost certainly Suniva) that was secured against its manufacturing and production equipment and supported by a parental guarantee from a public company. In the NAV as at 28 February 2017, being the last published […]
UK Commercial Property Trust (UKCM) has announced its final results for the year ended 31 December 2016. During the year, which the Trust’s chairman, Andrew Wilson, describes as, “a positive and progressive year” for the trust, UKCM provided an NAV total return of 3.8% and a share price total return of 3.8%. UKCM says that […]
Reconstruction Capital II says that the Top Factoring Group has been acquired by Intrum Justitia AB. Accordingly, RC2 received yesterday a total of EUR 12.83 million (after the repayment of Glasro’s bank debts), and is due to receive a further EUR 0.28 million on 4 May 2017. Accordingly, the Company will have received a total […]
John Laing Environmental Assets has announced that it has acquired the Moel Moelogan 2 wind farm (MM2) for £22.65m cash, including working capital and the repayment of a project finance loan at completion. The acquisition was funded by a draw-down under the Company’s revolving credit facility. Moel Moelogan 2 is an onshore wind farm located […]
JZ Capital Partners has announced that, following a review and consultation with its largest Shareholders, its board that the current dividend policy, which seeks to distribute out of profits in each financial year in the form of dividends an amount equal to approximately three per cent of the Company’s net assets for that financial year, […]
BlackRock World Mining Trust says that following the completion of the recapitalisation of Banro Corporation, it receive a mix of cash and common equity in Banro for its investment in the gold-linked preferred shares of Banro Group (Barbados) Limited, including accrued dividends. The transaction is expected to complete on 19 April 2017. Based on the market […]
Over the course of 2016, the Numis Smaller Companies (ex investment companies) Total Return Index lagged the broader market with an increase of 11.08%. Acorn Income Fund suffered from the relative weakness of the small company sector, some underperformance of the Numis Index and a widening of the discount to NAV at which its Ordinary […]
Civitas Social Housing has exchanged contracts on the purchase of a portfolio of regulated social housing for a total consideration of GBP11.5 million. The portfolio includes ten care homes and 79 tenancies across the Midlands, managed by Inclusion Housing Association, which is regulated by the HCA. This portfolio was sourced off-market by Civitas Housing Advisors […]
