UK Mortgages gives acquisition update UK Mortgages (UKML) and its investment manager, TwentyFour Asset Management LLP have announced that heads of terms have been agreed for the purchase of a recently originated pool of mortgages. The transaction is expected to complete in the coming months and the likely size is expected to deploy the company’s current […]
UK Commercial Property Trust on the final furlong to REIT status – UK Commercial Property Trust (UKCM) has released its final results for the year ended 31 December 2017. REIT conversion UK Commercial Property Trust has been seeking to convert to a REIT. It has now received an irrevocable undertaking from its largest shareholder, Phoenix Life Limited, […]
Phoenix Spree Deutschland reports a strong 2017 – Phoenix Spree Deutschland (PSDL), the UK listed investment company specialising in Berlin residential real estate, has reported EPRA NAV per share grew by 50.5% to €4.11 (£3.65) at 31 December 2017 (31 December 2016: €2.73 (£2.33)). Highlights of the company’s full year results for the year ended 31 December 2017 […]
EJF Investments released results from IPO to 31 December 2017 – since EJF Investments (EJFI) IPO’ed in 2017, Total Net Asset Value return per ordinary share has risen by 23.47%. This allowed for cash dividends of 2.4 pence per ordinary share to be announced in April, June and October 2017 and an increased cash dividend of 2.5 pence per share […]
Hg agrees sale of Radius to Vistra – HgCapital Trust (HGT) has announced that it has sold one of its investments, Radius to Vistra. The company will realise estimated cash proceeds of approximately £18.8m on completion of this transaction. In terms of investment returns, based on the NAV of HgCapital Trust at 31 March 2018, this […]
Subdued performance for Blackstone/GSO but asset quality maintained – Blackstone/GSO Loan Financing Limited (BGLF / BGLP) has released its final results for the year ended 31 December 2017. Performance was somewhat subdued in 2017, after a strong year in 2016. This was mostly due to market conditions and in particular asset spread compression*. However, the underlying […]
A fair year for Witan Pacific and an asset allocation switch – in its annual report for the year to 31st January 2018, Witan Pacific (WPC) reported modest underperformance and a switch of investment managers within its multi-manager structure. Performance The NAV total return of Witan Pacific (WPC) was 17.3% and the share price total return was 22.1%, compared […]
DP Aircraft 1 releases its final report for the year ended 31 December 2017 – DP Aircraft 1 (DPA)’s investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then, when the Board considers it is appropriate, selling aircraft. DP Aircraft I Limited owns two Boeing 787-8 aircraft, […]
Ranger Direct Lending responds to Oaktree’s wind-down proposal – Ranger Direct Lending (RDL) has published its response to a letter from Oaktree Capital Management, L.P., proposing a wind-down of the company. Click here to see a copy of the text of the letter from Oaktree and a copy of Ranger Direct Lending’s response: 180425 Oaktree letter and Ranger […]
Infrastructure India increases its bridging loan Infrastructure India (IIP) has agreed a US$2.0m increase of the existing US$26.0m unsecured bridging loan facility. The enlargement of the bridging loan will provide the group with additional capital whilst it continues to progress its ongoing financing discussions with a third party in relation to a potential financing. The company says […]
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