The Board of JPMorgan Chinese Trust have negotiated a reduction in the fees that JPMorgan charges the fund. the base management fee will be 1% of the Company’s total assets less current liabilities and the performance fee is being scrapped. Tese changes take effect at the end of September 2015 so JPMorgan can still earn […]
Advance Developing Markets has published its results for the year that ended on 31 October 2014. Over that period the fund saw its asset value fall by 0.3% and its share price fall by 2.3% while its benchmark, the MSCI Emerging Markets Index rose by 0.9%. The managers’ report says that good fund selection and […]
Alpha Pyrenees Trust has announced that it is in talks with its lender about potential refinancing options for the company, including the potential refinancing of assets by third party lenders and potential asset sales. To enable these discussions to proceed further the Company is discussing an extension of its current facilities for a period of […]
McKay Securities has announced that it has started work on the development of an office development in Redhill, Surrey. the completed project will offer 48,050 sq ft, (4,463 sq. m) of office space laid out over a ground floor and three upper floors, with 87 car parking spaces at ground and basement level. They are calling the […]
Henderson Diversified Income has published results for the year that ended on 31 October 2014. The net asset value rose from 87.92p to 88.82p over the year but the share price slipped a little – from 91.5p to 91.25p – still a healthy premium to the asset value. The premium allowed the fund to issue a […]
Custodian REIT has announced that it intends to try to raise a further £20m from investors as it continues to expand its portfolio. This morning’s acquisition is of a 44,192 sq ft industrial unit on the Tilbrook Industrial Estate, Milton Keynes. They are paying £2.1m for it. the new property is immediately opposite a 52,532 […]
The Board of Cambria Africa has decided that there is not much point in the company persevering with the cost of an AIM quote and intends to cancel the trading of the company’s shares on AIM. They reckon they’ll save about £250,000 per year. To enable shareholders to buy and sell shares, the Board intends to facilitate […]
F&C Managed Portfolio has announced results for the six months that finished on 30 November 2014. The FTSE All-Share Index returned -0.1% over that period but F&C Managed Portfolio Growth shares (FMPG) returned 4.3% and the F&C Managed Portfolio Income shares (FMPI) returned 3.0% over the period. This may be largely down to a good […]
Safestore has published results for the year ended 31 October 2014 that show its EPRA NAV growing by 3.6% to 218p, an increase in the dividend from 5.75p to 7.45p. They reported a fall in earnings per share from 57.8p to 23.2p (-60%) but there was a 31.8p per share impact from a deferred tax credit that arose […]
SQN Asset Finance Income has updated the market now that it is just over six months old. It announced that its NAV at the end of December was estimated to be 98.92p. The Board is declaring a dividend of 0.92p for the final quarter of 2014. 93.7% of the capital raised at IPO has been committed […]
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