TwentyFour Select Monthly Income has released its annual results for the year that ended on 30 September 2015. Over that period the NAV total return was 0.7%. the share price fell by 6.0% and the company declared dividends totalling 6.53p (ahead of their 6p target for the year). Despite the falling share price, the company […]
Bankers Investment Trust has published results for the year ended 31 October 2015. Over the year the net asset value rose by 5.7%, the share price by 9.9% and the dividend was increased by 6.8% to 15.8p (making the 49th consecutive year of dividend increases). They say all of their major geographic portfolios exceeded their local […]
Project Finance Investments is investing in an asset backed deal secured against UK residential property. It has announced that it is committing to subscribe up to £12m for loan notes issued by Project Finance Investments (UK) Limited, a wholly owned subsidiary of the Company. The proceeds of the Loan Note issue will be used to […]
BlackRock North American Income Trust reports performance just ahead of its benchmark for the year ended 31 October 2015. the NAV total return was 4.9% vs. 4.1% for the Russell 1000 Value Index. The share price total return was 4.7%. The total dividend for the year rose by 7.5% to 4.3p. The Board are asking […]
British Empire has announced that it is taking on 20 year debt. The company says the Board (headed up by Strone Macpherson – pictured) have agreed to issue 20 year unsecured private placement notes in two tranches. The first tranche is £30m and the second is €30m (equal to £22.6m at the closing exchange rate on 14 January […]
BlackRock Income & Growth has published its results for the year ended 31 October 2015. Over the year the fund beat its benchmark by more than 10%. The NAV total return was 13.5% and the share price total return 13.5% but the total return on the FTSE All-Share was 3.0%. The dividend for the year […]
Ecofin Power and Water Opportunities has published results for the year ended 30 September 2015. The value of their portfolio fell 24.0% over the financial year but, due to the effect of the gearing provided by the Convertible Unsecured Loan Stock, Zero Dividend Preference Shares and bank debt, the net asset value per ordinary share declined by […]
The board of BlueCrest AllBlue has provided an update on the continuation proposals for the fund. The board says that having completed its review of manager proposals received by the Company and consulted with its major shareholders, it proposes to recommend the replacement of its existing management arrangements with a mandate given to J.P. Morgan […]
Chenavari Capital Solutions has released its accounts for the year ended 30 September 2015. Over the period the NAV total return was 7.7% and they paid dividends of 7.5p. At the end of the period the shares were trading on a discount of 1.2%. down from an 8.7% premium at the start of the year. […]
Phoenix Spree Deutschland’s property portfolio was valued by Jones Lang LaSalle GmbH as at 31 December 2015, at €282.8m, up from €245.3m the year before. This represents an increase of 15.3% over the twelve-month period. This increase in valuation reflects yield movement and adjustments due to improved property condition; rental income increases; decreasing vacancy; market rent adjustments; […]
