The boards of Hansteen and Industrial Multi-Property Trust (IMPT) have announced that have reached agreement on the terms of a recommended all cash offer for the entire issued ordinary share capital of IMPT by Hansteen. Under the terms of the offer, IMPT shareholders will receive 300p in cash for each IMPT share. This values the […]
Custodian REIT has sold a 22,286 sq ft public house on Palmerston Road, Southsea for GBP1.67 million, GBP0.19 million ahead of the 31 December 2016 valuation. The property is let to JD Wetherspoon plc on a lease expiring in 2040. The property was part of a portfolio acquired in August 2014. The Company intends to use […]
Foresight Solar Fund has announced results for the year ended 31 December 2016. The NAV at the end of the period was 102.9p, the total return on NAV was 7.04% and the return to shareholders 6.58%. The company made profits after tax of £30.7m, equivalent to earnings per share of 10.38p. They say the fund […]
Blackstone / GSO Debt Funds Management Europe Limited has informed Blackstone/GSO Loan Financing that Alan Kerr has decided to leave GSO during 2017. Mr. Kerr is a Senior Managing Director and Head of GSO’s European Customized Credit Strategies business (“CCS”). Mr. Kerr joined GSO in 2012 at the time of Blackstone’s acquisition of Harbourmaster Capital […]
Murray Income Trust says that, over the six months ended 31 December 2016,its NAV per share rose 8.7% on a total return basis; the wider UK market returned 12.0%. The share price ended the period at a discount to NAV of 11.1%, compared to 12.3% at 30 June 2016, resulting in a total return to shareholders over the period […]
NB Private Equity Partners has appointed Jefferies International to act as its sponsor and financial adviser as it considers a change in its listing arrangements. It is looking at a number of initiatives including the potential for increasing the voting rights of the company’s class A ordinary shares (“A Shares”) and a transfer of listing of […]
Over the year ended 30 November 2016, Brunner Investment Trust’s NAV increased by 20.2% on a total return basis, outperforming the benchmark which generated a total return of 18% over the period. The total dividend payment for 2016 was upped to 15.8p, an increase of 3.3% on last year. For the majority of its history, Brunner […]
BlackRock Throgmorton says that, during the year to 30 November 2016, the Net Asset Value per share returned 7.3% compared with a return of 6.3% from the benchmark, the Numis Smaller Companies excluding AIM (excluding Investment Companies) Index. They are paying a total dividend for the year of 7.50 pence per share, an increase of […]
Crystal Amber has announced that it has acquired a further 16.08 per cent. of the issued Chess Depositary Interests (“CDI”) in GI Dynamics Inc (“GI Dynamics”), taking the Fund’s CDI holding in the company to 38.73 per cent. GI Dynamics is the developer of EndoBarrier, the first minimally invasive device therapy approved for the treatment […]
UK Commercial Property has completed the forward purchase of a pre-let 258,370 sq ft distribution warehouse development in Burton upon Trent for a total consideration of circa GBP22.2 million, reflecting a yield on capital of 5.8%. The transaction is in line with UKCPT’s strategy to focus its portfolio on assets that deliver a higher and […]
