Over the year to the end of March 2015, Hansa Trust’s net asset value fell by 4.9% and the A share price fell by 5.7%, leaving them trading on a 27.3% discount. The dividend was maintained at 16p. By contrast, the MSCI World Index rose by 16.8% in Sterling terms over that period. Hansa though reports only on […]
Henderson Opportunities has published interim results for the six months ended 30 April 2015. Over that period the FTSE All-Share Index returned 9.2% but the fund’s net asset value returned almost double that, 17.6%. Unfortunately for shareholders though, the discount widened from 3% to 12.1% and so the return to shareholders was just 7.5% – […]
Invesco Property Income has sold the last of its property portfolio to Kildare Partners and will now wind up. All the money will go to pay back the company’s lenders and shareholders won’t get anything. The shares will be delisted once this is approved at the company’s AGM (due soon). IPI : Invesco Property Income […]
Caledonia is buying a majority stake in 7 investment management in a deal that values the business at £100m. 7IM was established in 2002 by its co-founders, Chief Executive Officer, Tom Sheridan, and Head of Corporate Development, Justin Urquhart Stewart, along with their Chief Finance Officer, Charles Sparrow, and has grown from its seven founder […]
Over the six months ended 30 April 2015, Henderson Diversified Income outperformed its benchmark, generating a total return on net assets of 5.2% as compared to 1.3% for the benchmark (three month sterling Libor plus 2.00%). The share price return was 5.9%. They have declared dividends totalling 2.5p for the period. The manager says sovereign […]
New City Energy results for the six months ended 31 March 2015 show the fund suffering in the wake of falling oil prices. The total return on net assets was -36.6% and the share price return was -37.4%. Two interim dividends of 0.42p have been paid for the period. The managers’ report highlights those companies […]
Nimrod Sea Assets has updated its dividend policy. it plans to pay quarterly dividends of 2 cents per share between now and March 2016. The review was triggered in part by the following news. One of its investments, mv red 7 Alliance has been given notice that Red7Marine Offshore Limited (the charterer of the vessel) had […]
Custodian REIT has announced the acquisition of a portfolio of 10 properties. Six are high street shops, spread around the UK, with an average lot size of £1.21m. Four are industrial units with an average lot size of £1.83m. They say locations include Chester, St Albans, Bristol, Farnborough and Kettering and tenants within the portfolio include BSS […]
Empiric Student Property has acquired the freeholds of a portfolio of seven operational, direct-let, premium student accommodation properties in Liverpool and Stoke-on-Trent, comprising a total of 502 beds, for over £40m. They are paying cash of £22.8m (excluding acquisition costs) and taking on responsibility for the existing debt on the properties of £18.8m which has been retained […]
Fair Oaks Income Fund is buying, in the primary market, $26.4m notional of equity notes, representing 75% of the total equity of Neuberger Berman CLO XIX, a new CLO backed by a portfolio of US broadly syndicated, secured loans. The manager of this CLO’s portfolio is Neuberger Berman Fixed Income LLC, a subsidiary of Neuberger […]
