intu properties announces that it has exchanged contracts with the Queensland Investment Corporation (“QIC”) to acquire the remaining 50 per cent of the Merry Hill estate for GBP410 million before expenses. This represents an income yield of 5.2 per cent, based on net rental income of GBP43 million. The estate comprises the intu Merry Hill […]
Funding Circle SME Income Fund Limited has announced that the company has now entered into a formal agreement with Funding Circle Limited and the European Investment Bank (“EIB”). The EIB will provide a GBP100 million loan to advance credit to UK SME loans via the Funding Circle marketplace. The Company will contribute GBP25 million to the […]
Invesco Income Growth outperformed the FTSE All-Share Index over the year to the end of March 2016, returning -2.6% against -3.9% for he Index. The discount widened however (from 5.3% to 11. 5%) and so the return to shareholders was -7.8%. The full year dividend was upped from 10.1p to 10.3p. The manager says that […]
Bankers Investment Trust returned 0.4% over the six months to the end of April 2016, slightly better than the zero return posted by the FTSE All-Share Index. The return to shareholders was -3.8% however as the discount widened to 5.9%. The interim dividend was increased from 7.8p to 8.0p. There is no manager’s statement in […]
John Laing Environmental Assets has published results for the year ended 31 March 2016. Over the 12 month period to 31 March 2016 shareholders have seen a share price total return of –2.5% whilst over the same period the NAV total return per share was +3.1%. The discrepancy is largely due to the reduction in […]
Real Estate Credit Investments recorded net profit of GBP8.5 million and NAV total return of 7.2% over the year to the end of March 2016. The dividend has been maintained at 10.8p. During the year, RECI made four new loans with commitments of GBP17 million. Since 31 March 2016 RECI has invested a further GBP4.3m […]
Alpha Real Trust’s results for the year ended 31 March 2016 show its NAV climbing from 113.2p to 137.9p (up 21.8%), a small fall in adjusted earnings per share from 7.5p to 7.0p and an increase in the dividend from 2.1p to 2.4p. In September 2015 Alpha Real Trust acquired 20.5% of the share capital and […]
Terra Capital has, belatedly, published results for the year ended 31 December 2015. Its year end net asset value per share stood at $0.925 against $0.979 for 2014. This represents a decrease for the year of 5.5% and a net decrease of 1.7% for the year allowing for the dividend of 3.72 cents per share paid […]
Over the six months to the end of April 2016, Henderson Diversified Income achieved a return on net assets of 2.4% and a return to shareholders of 1.3%. this compares to a return on the company’s benchmark, the total return over three month sterling Libor plus 2.00%, of 1.3%. A first interim dividend of 1.25p […]
Aurora Investment Trust has published its first annual report since the management of the company was passed to Phoenix Asset Management. The report covers the year ended 29 February 2016 – Phoenix took up the reins on 28 January 2016 so most of the performance of the fund over this period is attributable to the […]
