Miton UK MicroCap Trust, managed by Gervais Williams (pictured), has announced its the intention to raise approximately £15m through the issue of ordinary shares, which are to be issued under the trust’s previously announced share issuance programme of up to 250m ordinary and/or c-shares. The Issue launched immediately following the announcement and the bookbuild is expected […]
CatCo Reinsurance Opportunities says its 2016 net asset value return for the ordinary shares was 8.12 percent and 7.27 percent for the C Shares, outperforming the Eurekahedge Insurance Linked Securities Advisors Index by 57 percent and 40 percent respectively. The total Side Pocket Investments (“SPI’s” – money set aside to meet potential claims) held at […]
NextEnergy Solar is pleased to announce the signing of a GBP150 million debt facility with a syndicate of lenders including Macquarie Infrastructure Debt Investment Solutions, National Australia Bank and Commonwealth Bank of Australia. The Facility provides long-term debt financing, with a maturity in 2035 that matches the regulated life of the portfolio, and comprises a mix […]
British Land has announced that, four months after launch, its office space at 7 Clarges Street, a 51,000 square foot prime commercial development in Mayfair, is now 83% let, having secured terms with Capula Investment Management, Quantum Pacific and Fortress Investment Group. Capula Investment Management will occupy 23,700 square foot across three floors whilst US-based […]
Aberdeen Emerging has reported results for the year ended 31 October 2016. In an otherwise good year, the fund was marginally behind its benchmark. The net asset value total return for the year was 36.4%, slightly behind the total return of 37.7% from the benchmark index, the MSCI Emerging Markets Net Total Return Index (in […]
Drum Income Plus REIT has published its first set of results, covering the period from its launch (IPO 29 May 2015) through to 30 September 2016. The Group’s net asset value as at 30 September 2016 was 93.5 pence per share. The significant factors determining the return over this first period have been the costs […]
New City Energy has published results for the year ended 30 September 2016. The total return in net asset value terms was 6.3%. The total return in ordinary share price terms was 28.6%, with the share price ending the year at a discount against net asset value of 14.7%. The chairman says that the investment managers […]
HgCapital, the Manager of HgCapital Trust, has announced that it has agreed the sale of Zenith, the largest independent vehicle leasing business in the UK, to Bridgepoint in a transaction totalling £750m. HgCapital says that sale of Zenith delivers a 2.9x investment multiple and a 46% gross IRR over the investment period. HgCapital Trust will […]
Over the year to the end of December 2016, Aberforth Smaller Companies delivered a return on net assets of 5.8%, lagging its benchmark which returned 11.1%. The discount widened and so the return to shareholders was -4.2%. They are paying dividends for the year of 27.35p, which represents an increase of 5.2% on 2015. The […]
Epiris, managers of Electra, have announced the sale of leading insurance claims service provider Davies Group to HGGC, the US based private equity firm, for GBP90 million. Electra has received proceeds of GBP45 million from the sale, an uplift of GBP2 million or 4% on the valuation of its investment in Davies at 30 September […]
