Industrial Multi Property Trust (IMPT) has published the text of a letter it is sending to its shareholders to update them regarding the proposals the company has received from J Stocks. Rather than cut and paste it, we have attached a pdf of the announcement here. 20160623 Industrial Multi Property – RNS About IMPT IMPT (formerly Alpha UK […]
Damille 2 has announced that, following the AGM held on 4 May 2016 where the continuation resolution failed to pass, the Directors now propose to commence an orderly realisation of the Company’s assets. This process is expected to take approximately 18 months. Capital will be returned by way of distributions to the Company’s shareholders. A […]
Hansa Trust, which has published results for the year ended 31 March 2016, says it has had a challenging year, particularly due to its exposure to the Brazilian market and the economic woes that Brazil continues to face. However, there have been a number of bright spots within the portfolio. The NAV has fallen from 1138.6p […]
F&C Global Smaller Companies, chaired by Anthony Townsend (pictured), has announced its annual results for the year ended 30 April 2016. During the period, the trust provided an NAV total return of 3.5% beating its benchmark (a 70%/30% blend of the MSCI All Country World ex UK Small Cap Index and Numis UK Smaller Companies Index), […]
The Brunner Investment Trust announced today that Lucy Macdonald, who has been co-managing Brunner since 2005, will become the manager of the Trust from 23 June 2016. This follows the departure of Jeremy Thomas who has been co-managing the Trust with Lucy since 2010. Lucy is Chief Investment Officer, Global Equities at Allianz Global investors […]
Picton Property has entered into a five year GBP27 million revolving credit facility (“RCF”) with Santander Corporate & Commercial Banking. The RCF, which is similar to the facility set up in March 2015, will provide the Group with greater operational flexibility. In addition to existing undrawn facilities, it can be used to meet the repayment […]
NewRiver Retail Limited has announced that it has completed the acquisition of Cuckoo Bridge Retail Park, Dumfries off-market from a large listed property company for a total consideration of GBP20.2 million. The acquisition equates to a net initial yield of 7.05%, an equivalent yield of 7.87% and a reversionary yield of 7.93%, with net rental income at […]
John Laing Infrastructure Fund Ltd notes that earlier today John Laing Group plc announced the conditional sale of its Project Management Services activities in the UK to HCP Management Services. The announcement explains that 62 of John Laing’s Management Services Agreements (“MSAs”) will, subject to John Laing obtaining consents at project level, transfer to HCP […]
Utilico Emerging Markets recovered nearly all the losses it suffered in the first six months of the financial year and ended the year to 31 March 2016 almost unchanged at 202.52p. Based on a total return to an ordinary shareholder who received one subscription share for every five shares held, the total return on basic […]
Henderson Opportunities Trust has published interim figures covering the six months ended 30 April 2016. The company’s net asset value fell by 2.4% over the period, while the FTSE All Share Total Return ( the benchmark) remained flat. The share price fell by 8.8%, which was more than the NAV. At the end of April the […]
