Bankers Investment Trust, managed by Alex Crooke, is issuing £50m worth of fixed rate 20 year unsecured private placement notes at an annualised coupon of 3.68%. The funding date is expected to be 27 May 2015 and the Notes are due to be repaid on 27 May 2035. The interest payment dates will be 27 May and […]
Investors Capital Trust’s results for the year ended 31 March 2015 were published yesterday. The net asset value total return per share for the year was 5.2%, compared to the FTSE All-Share Capped 5% Index total return of 6.9% and the share price total return per share for the year was 11.2% for the A […]
Tiger Resource Finance results for the year ended 31 December 2014 have just been published. The figures are somewhat ancient history now but for the record its asset value fell from 2.32p to 1.24p, a decline of 47%. Xtract Resources Plc has released positive announcements about its Chepica mine operations and more recently in relation to […]
Land Securities results for the year ended 31 March 2015 show a 27.6% increase in adjusted diluted net asset value per share, a 2.5% increase in adjusted diluted earnings per share and they are upping the full year dividend by 3.7% to 31.85p. The ungeared total property return for the year was 23.0%, outperforming the 17.1% return […]
VPC Speciality Lending has announced that it is now 70% invested – well ahead of its target of getting the proceeds of its IPO invested within six months. They say the yield on the existing portfolio, which is currently unlevered, is in line with expectations in order to meet the targeted net dividend yield of […]
Big Yellow has announced results for the year ended 31 March 2015. Over the period, the adjusted net asset value rose by 14%, adjusted profit before tax rose by 35%, the EPRA earnings per share rose by 32% to 27.1p and the total dividend for the year was increased from 16.4p to 21.7p (+32%). Big Yellow […]
The six months to the end of March 2015 have been a difficult time for BlackRock Frontier Markets. the MSCI Frontier Markets Index has returned -7.4% over this time – well behind the 6.6% return generated by the MSCI Emerging Markets Index. The fund’s asset value outperformed its benchmark, returning -4.2% but the shares moved […]
Schroder Real Estate has announced the acquisition of the freehold interest in St. John’s Retail Park in Bedford for £31.8m, reflecting a net initial yield of approximately 6.5%. The property is located approximately 1.5 miles to the south of Bedford town centre and comprises a 130,000 sq ft retail warehouse park let to 12 tenants with […]
Invesco Perpetual Enhanced Income’s interim results for the six months to the end of March 2015 show the fund generating a total return on net assets of 7.9%. They compare this to a 0.6% return on three month LIBOR. The return to shareholders was 8.8%. The quarterly dividends are holding steady at 1.125p per quarter. […]
JPMorgan Income & Capital results for the year ended 28 February 2015 show the fund generated a total return of 5.4% for the year – this lagged the company’s benchmark (90% FTSE 350 excluding investment trusts index and 10% Barclays Global Aggregate Corporate Bond Index) by 0.4%. Corporate bond returns exceeded returns on equities during […]
