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Investment Company News

19 Oct 2018
Intu Properties updates on possible takeover

intu properties receives a new possible offer

intu properties receives a new possible offer. intu properties (INTU) has issued a statement after it has received a possible offer from a consortium of parties interested in acquiring it.  Reciept of a possible offer On 4 October 2018 the consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group  (together the “consortium”) announced that they were in […]

17 Oct 2018
New investment trust Smithson raises £822m

New investment trust Smithson raises £822m

New investment trust Smithson raises £822m –  Smithson Investment Trust (SSON), a newly established investment trust has successfully raised a total of £822.5 million as a result of its IPO. It is believed to be the largest recorded UK-listed investment trust launch. Smithson announces successful capital raising Applications have been received under the Initial Issue for 82,250,956 Ordinary […]

17 Oct 2018

Schroder Income Growth announces lower management fee

Schroder Income Growth announces lower management fee – Schroder Income Growth Fund (SCF) has announced that new fee arrangements have been agreed with the company’s investment manager Schroder Investment Management (SDR.LN) The new arrangements is effective from 1 September 2018. The previous fee structure The previous arrangement was a flat fee of 0.75% per annum on the value of the […]

16 Oct 2018

Scottish Oriental Smaller Companies held back by domestic companies in Philippines

Scottish Oriental Smaller Companies held back by domestic companies in Philippines Scottish Oriental Smaller Companies (SST) has released its results for the twelve months to 31st August 2018 Total Return Performance for the year ended 31 August 2018 (audited) Net Asset Value (2.4)% MSCI AC Asia ex Japan Index (£) 2.2% Share Price (3.3)% MSCI AC […]

16 Oct 2018

3i Infrastructure moves tax residence to the UK

3i Infrastructure moves tax residence to the UK –  following the introduction of the BEPS (Base Erosion and Profit Shifting) tax rules, and in order to mitigate the risk of tax leakage for the company, the board of 3i Infrastructure (3IN) announced its intention to move the tax domicile and management of the company to the UK with effect […]

16 Oct 2018

JPMorgan Smaller Companies’ second consecutive year of outperformance

JPMorgan Smaller Companies’ second consecutive year of outperformance – Shareholders of  JPMorgan Smaller Companies (JMI) enjoyed very strong returns in the financial year to 31st July 2018 The company delivered outperformance against the benchmark, combined with a tightening of the discount to net asset value. Michael Quicke OBE, the chairman noted in his statement that this is the […]

16 Oct 2018

NextEnergy Solar issues preference shares

NextEnergy Solar issues preference shares – NextEnergy Solar fund (NESF) has announced that it has entered into a conditional subscription agreement with AIP Solco Limited, who have agreed to subscribe  to new non-voting Preference Shares of NextEnergy Solar. AIP Solco Limited AIP Solco Limited is a wholly owned subsidiary of AIP Infrastructure LP, an investment vehicle backed by three BAE Systems […]

16 Oct 2018

Ranger Direct Lending releases information on Princeton bankruptcy

Ranger Direct Lending releases information on Princeton bankruptcy –  As previously announced by Rangers Direct Lending (RDL) , and reported by us in previous news posts (click here to view more) one of the company’s holdings, Princeton is filing for Chapter 11 bankruptcy in the US.  Ranger is currently in process of forming a reorganisation plan for submission […]

15 Oct 2018

Regulator looking into Westmoreland Supported Housing

Regulator looking into Westmoreland Supported Housing – The Regulator of Social Housing has published a new grading under review notice – this time on Westmoreland Supported Housing, a leading registered provider in the portfolios of Civitas Social Housing and Triple Point Social Housing REIT. The notice says “The Regulator of Social Housing reports that Westmoreland Supported Housing Limited […]

15 Oct 2018

Caledonia acquires Deep Sea Electronics

Caledonia acquires Deep Sea Electronics – Caledonia Investments (CLDN) has announced that it has acquired a majority stake in Deep Sea Electronics Ltd (DSE)  The transaction values DSE at £162.0m. About DSE DSE is a UK based designer and manufacturer of controllers for diesel-powered electricity generators and intelligent battery chargers and is described in the announcement as world leading in this […]

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