UK Commercial Property has two debt facilities. One of £80m, provided by Lloyds Bank, expires in June 2015 and the other of £150m, Provided by Barclays Bank, expires in May 2018. the company wants to refinance the Lloyds loan and has found a new lender that is prepared to lend it money for 12 years. Interest is […]
Over the six months ended 31 January 2015, Pacific Horizon’s net asset value per share rose 7.9% to 216.74p. The share price rose 12.5% and the discount narrowed from 11.5% to 7.7%. Over the same period the MSCI All Country Asia ex Japan Index rose 8.5% in sterling terms. The manager has been increasing the […]
Allianz Technology Trust failed to match the return on its benchmark, the Dow Jones World Technology Index, over the year to the end of November 2014. Over the year the fund delivered a return of 18% vs. the Index’s 27.3%. To compound the problem, the discount widened from 0.45 to 5.8% and so the return to […]
Aberdeen Smaller Companies High Income has announced results for the year ended 31 December 2014. The total return on net assets for the period was -2.1% which compares favourably to the return on the FTSE Smaller companies Index of -2.7%. However the return to shareholders was -14.9%, reflecting a widening of ASCH’s discount from 5.7% […]
GLI Finance has sold its entire stake in Fair Oaks Income Fund (34,298,425 shares) to a fund advised by Coller Capital. GLI Finance was a founder shareholder in Fair Oaks Income. Its shares were received in exchange for the injection of GLI Finance’s CLO investments into Fair Oaks’ portfolio. With this deal, GLI Finance finally […]
NB Distressed Debt Investment Fund Limited has announced that senior analysts, Brendan McDermott and Ravi Soni, have been promoted to co-portfolio managers for distressed debt, effective immediately. Mr. McDermott and Mr. Soni report to Michael Holmberg, Senior Portfolio Manager and head of Neuberger Berman’s distressed debt business. At the same time they’ve announced that, Patrick Flynn, co-portfolio […]
Foreign & Colonial had a good 2014 but returns were below those of the FTSE All World Index. The total return on net assets was 10.3%, comprising a 7.9% uplift in the NAV and a 9.3p dividend, up 3.3% on the previous year. The index returned 11.3%. The return to shareholders was 13.5%. Over the first […]
Foresight Solar results for the year ended 31 December 2014 have been released. The net asset value at the end of December was 100.9p – up from 98p post flotation of the company. Two interim dividends of 3p were declared for the year. The fund is now switching to paying quarterly dividends. These will rise […]
Advance Frontier Markets Fund outperformed a falling benchmark (the MSCI Frontier Markets Index) over the six months ended 31 December 2014 – falling by 9.2% vs. -11.1%. The share price fell by 13.6% however as the fund’s discount shifted from 6.6% to 11.2%. The managers’ report says funds including Africa Emerging Markets Fund, Ashmore Middle […]
Over the second half of 2014 JPMorgan Global Convertibles Income generated a negative return on net assets of -4.8%. The return to shareholders was -5.8%. Two quarterly interim dividends of 1.125p have been declared so far. The target is to pay 4.5p for the year as a whole. Discussing the performance, the investment manager mentions energy […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated
