JPMorgan Claverhouse has announced its annual results for the year ended 31st December 2016. During the period, the Trust provided an NAV total return of +11.3%. The Trust says that the return for its benchmark, the FTSE All-Share Index, was +16.7%, reflecting a good period for UK investors. The share price rose from 602.5p to […]
Fair Oaks Income Fund has just published reorganisation proposals. The purpose of the Reorganisation Proposal is to allow those Shareholders who wish to extend the life of their investment in the Company beyond the planned end date of the existing Master Fund, FOIF LP, to be able to do so by having their Ordinary Shares re-designated as […]
Raven Russia says that its diluted NAV per share rose to 71 cents from 70 cents over the course of 2016. Underlying earnings per share fell to 7.2 cents from 8.2 cents. They intend to distribute 2p by way of a tender offer buy back of 1 share in every 26 at 52p, making 2.5p […]
BlackRock Latin American says it made a 25.2% return on net assets for the year ended 31 December 2016 – in US dollars. The weakness of sterling meant that, despite a widening of the discount, shareholders made a 45.9% return. The dividend for the year was 15 cents, a fall of 28.6% on the previous […]
DW Catalyst has announced that shareholders holding 9,349,317 shares (57.6% of shares in issue) have voted in favour of discount trigger resolution. The effect of this is that all of the shares that were voted in favour will be redeemed by the company on 1 August 2017. Redeeming Shareholders will receive the proceeds in four quarterly […]
SEGRO is proposing to raise approximately GBP556 million (net proceeds) by way of a Rights Issue, the issue is fully underwritten. 1 for 5 rights issue of 166,033,133 ordinary shares of 10 pence each in the capital of the Company at a price of 345 pence per New Ordinary Share. The issue price of 345 pence per New […]
LXi REIT has exchanged contracts to acquire the Q-Park car park at Rockingham Street, Sheffield. The purchase price is GBP19.1 million (excluding purchaser’s costs), reflecting a blended net initial yield of 5.20% on the asset acquisition. The car park, which comprises 96% of the Property, is let to Q-Park Limited with a lease guarantee from […]
Witan made a 22.9% return on net assets over the year ended 31 December 29016, more or less matching the 123.0% return posted by its benchmark. The underlying managers struggled with just three of their ten third party managers, together with the direct holdings portfolio, outperforming their benchmarks. There were significant positive contributions from the […]
Green REIT has exchanged contracts for the sale of Parkway Retail Park in Limerick, with completion expected by the end of March 2017. The contract price of EUR24.3 million is payable in two tranches, with EUR1.3 million of the price subject to securing planning consent for a vacant unit in the property for which a tenant […]
Polar Capital Global Financials returned 22.2% over the year ended 30 November 2016 in NAV terms, a bit behind the benchmark (MSCI World Financials Index to 31 August 2016, and the MSCI World Financials Index + Real Estate, for the period 1 September to 30 November 2016) which returned 24.5%. Shareholders made 21.4% as the […]
