CQS New City High Yield has published results for the year ended 30 June 2015. The return on net assets for the year was 1.0% but the discount widened and so the return to shareholders was -3.6%. They declared one interim dividend of 0.94p, two of 0.96p and one of 1.45p. The Company has in recent […]
BlackRock World Mining has announced that, with effect from 1 October 2015, the management fee has been reduced to 0.8% of gross assets. If they invest in another BlackRock fund the underlying fee is rebated to the trust to avoid double charging. This is the second fee cut this year – in July the fee […]
Electra Private Equity has published the text of a letter it is sending to its shareholders in response to Sherborne’s latest requisition. Rather than cut and paste it, we have attached a pdf of the response here: 151021 Electra Private Equity Plc – RNS ELTA : Electra responds to Sherborne requisition
Hammerson has announced the successful launch of a £350m bond that matures in 2025. The bond has an annual coupon of 3.5% and the company says it was priced at 1.73% over the reference gilt rate. However, the company then entered into a transaction to swap the sterling bond nominal amount and coupon payments into […]
NextEnergy Solar Fund has announced the acquisition of three operational assets with a combined investment value of £22.1m. These are the 11.5MWp North Farm solar power plant in Dorset for £14.5m, the 5.0MWp Birch solar power plant in Essex for £5.3m and the 1.8MWp Thurlestone Leicester rooftop solar power plant portfolio in Leicestershire for £2.3m. […]
The Board of AEW UK REIT has announced the acquisition of a portfolio comprising of 3 industrial warehouses totalling 65,500 sq ft. Moorside Road, Swinton; Wagon Road, Mossley and Clarke Road, Milton Keynes, all trading as Nationwide Crash Repair Centres, have been bought for GBP3.06m (net of acquisition costs) reflecting a net initial yield of […]
Electra Private Equity, together with Exponent Private Equity, is pleased to announce the proposed acquisition of Photobox Group, Europe’s leading digital consumer service for personalised products and gifts. Present in 22 European markets, Photobox Group is the parent of the PhotoBox, Moonpig, PaperShaker, Sticky9, Hofmann, Posterjack and posterXXL brands. The group has a strong customer […]
The Board of JPMorgan Asian Investment Trust has announced that Richard Titherington, Chief Investment Officer of J.P. Morgan Asset Management’s Emerging Markets & Asia Pacific Equities team, has been appointed co-manager of the Company’s portfolio with immediate effect. Richard’s appointment follows the Company’s announcement on 15th April, 2015, that Ted Pulling, co-manager of the Company’s portfolio for the […]
Henderson International Income has announced results for the year ended 31 August 2015. Over that period the fund underperformed the MSCI World ex UK Index on an NAV basis – returning 2.1% against 5.0% for the benchmark but the fund moved from a discount to a premium and so the return to shareholders was 12.2%. […]
AXA Property Trust say that AXA Investment Managers have informed the Board that after eight years as Senior Fund Manager, Martin McGuire has resigned his position at AXA Investment Managers and will leave the organisation on 27th November 2015. The Board wishes to thank Martin for his considerable contribution to the management of AXA Property […]
