Duet Real Estate Finance has announced that full repayment of all principal and accrued interest has been received on the Master Fund’s Belgian Office loan (Loan 11), earning returns in-line with its investment criteria. The Company will announce further details concerning returning its cash to shareholders in the most efficient and cost effective manner shortly. […]
Pacific Industrial & Logistics REIT (PILR) has announced that on 19 January 2017 it completed the purchase of a site at Holmewood Industrial Park, Chesterfield, from Tangerine Confectionary Limited for a total consideration of £4.8m. PILR says that the purchase has been financed using proceeds from its recent placing (which raised £11.1m) but that this […]
Alliance Trust has announced that it has entered into an agreement with its largest shareholder, Elliott International, L.P., The Liverpool Limited Partnership and Elliott Associates L.P. (collectively Elliott), to repurchase all ordinary shares in the Company in respect of which Elliott has a disclosable interest – this being 19.75% of Alliance Trust’s issued share capital. […]
The Board of London & St. Lawrence Investment Company is proposing a scheme of reconstruction and members’ voluntary liquidation. Under the reconstruction, shareholders will have the option of electing to: (a) roll over their investment into new units in Practical Investment Fund, a unit trust with the objective of providing investors with above average capital […]
MedicX is entering a joint venture agreement with General Practice Investment Corporation Limited (“GPIC”), a leading developer of primary healthcare centres which has delivered over 200 schemes across the UK since it was established in 1995. A 50:50 jointly controlled company will be created which will be called GP Property Limited. GP Property Limited will be […]
BlackRock Income Strategies has published results for the year ended 30 September 2016. It recorded a 0.4% loss for investors on an NAV basis and a 10.2% loss to shareholders based on the share price. The dividend was unchanged at 6.54p. These returns are disappointing in the context of the fund’s investment objective but the […]
Aberforth Geared Income Trust (AGIT) has announced its interim results for the six months ended 31 December 2016. During the period, AGIT’s total asset total return (its ungeared portfolio performance) was 17.4%. However, with the benefit of the gearing provided by the ZDP share, in a rising market, the ordinary share’s net asset value total […]
Oakley Capital Investments Limited (OCIL) has announced a placing of up to 17 million treasury shares in the Company. The placing will be priced at 157 pence per treasury share and will be conducted by means of an accelerated bookbuild to institutional investors. OCIL says that the final number of treasury shares and the price […]
Henderson Smaller Companies has announced its interim results for the six months ended 30 November 2016. During the period, the trust provided and an NAV total return of 1.4% and a share price total return of 2.0%, thereby underperforming its benchmark, The Numis Smaller Companies (excluding Investment Companies) Index, which provided a total return of […]
John Laing Environmental Assets (JLEN) has announced that it is proposing to raise £25m by way of an initial placing under its placing programme, the prospectus for which was published on 16 December 2016. It intends to use the net proceeds to fund a near term pipeline of opportunities across the Solar, Wind and Biomass […]
