Seneca Global Income & Growth Trust has published its interim results for the six months ended 31 October 2016. The fund generated a net asset value per share total return of +10.1% for the six months to 31st October 2016 and the share price total return was slightly lower at +9.8%, both much better than the benchmark […]
Lowland Investment Company has agreed to issue GBP30m in senior unsecured fixed rate private placement notes at an annualised coupon of 3.15% with a 20 year bullet maturity. The funding date for the Notes will be 5 January 2017 and the Notes will be due for repayment on 5 January 2037. The semi-annual interest payment dates […]
Ground Rents Income Fund has announced results for the year ended 30 September 2016. Over the period the fund’s NAV increased by 14.3% to 129.31p. the dividend for the year was 3.959p. They say that RPI reviewable ground rents are particularly in demand. For those that review every 25 years with rents doubling, yields have dropped […]
Invesco Perpetual Enhanced Income has announced results for the year ended 30 September 2016. Over the period, the NAV total return was 15.7% which compares to a total return for the Merrill Lynch European High Yield Bond index (Sterling Hedged) of 9.5%; the Sterling Investment Grade Bond Index return of 16.3%; and United Kingdom Gilts returning […]
Industrial Multi Property Trust PLC has announced that it has received notice from Alpha Real Trust Limited who holds approximately 18.7 per cent. of the share capital requisitioning an extraordinary general meeting of the Company (the “EGM”) to consider the following resolutions: That Jonathan Clague is removed as a Director of Industrial Multi Property Trust PLC. That […]
Acorn Income Fund has announced proposals that seek to extend the life of its zeros until 28 February 2022. Zero holders have the option their cash back in 2017 as planned. There will also be an opportunity to subscribe for new ordinary shares and new zeros. Acorn Income has, currently, two classes of shares in issue: […]
Globalworth is to raise €200m at €8 per share a 12.6% discount to its NAV. This means value is being transferred from existing investors to the new investors. The net asset value will be diluted. The shares have risen on the news, possibly reflecting the good news that it will now have enough money to develop its Globalworth campus […]
LondonMetric Property says its EPRA NAV fell to 143p from 147.7p over the course of the six months ended 30 September 2016. Its EPRA earnings per share climbed to 4p from 3.7p however. The interim dividend has edged up by 0.1p to 3.6p. Year to date they have sold GBP84.2 million of retail and leisure […]
Better Capital has published a half-year report covering the six months ended 30 September 2016. The 2009 cell is doing OK, as the sale of its largest holding nears but the 2012 cell is struggling. The 2009 Cell NAV per share was 116.08p at 30 September 2016 which compares to 116.73p at 31 March 2016 […]
NextEnergy Solar Fund reports that its NAV per share increased from 98.5p on 31 March 2016 to 102.0p as at 30 September 2016. The NAV return was 8.3%. Reported profit for the period ended 30 September 2016 was GBP25.3m and earnings per share were 8.46p. During the period the share price increased from 97.75p to 106.13p […]
