TCF, a fund of property funds that is gradually liquidating its portfolio, has announced interim results for the period ending 30 September 2013. At that date TCF’s NAV was 86.4p and, following a compulsory redemption of shares in October, the NAV had risen to 96.2p by the end of October. There are now only two assets in […]
Artemis Alpha, the UK equity growth investment trust, has released interim results for the six months ended 31 October 2013 that show its portfolio comfortably outperformed its benchmark, the FTSE All-Share index. ATS’s NAV return was 13.1% over the period while the index returned 7.7%. Three stocks in ATS’s unquoted portfolio were written up – Metapack (a business […]
LMP is buying (as part of a jv) a 30.5% stake in 22 retail warehouses, four industrial units and a headquarters building – all rented to DFS – for £175m. LMP is managing the properties and will get 4% of rents as a fee.
BBGI has acquired an additional 50% stake in Golden Ears Bridge (pictured, a concession to manage and operate a bridge near Vancouver, Canada which has been open since 2009) and Women’s College Hospital in Toronto, Canada (the project is expected to be completed and operating by March 2016).
Following discussions with shareholders, IGC will not proceed with its planned issue of subscription shares.
Sale of two non-core assets for 15% more than their value at the end of September Picton has sold Highgrove Industrial Estate, Portsmouth and Spencers Wood near Reading for £4.89m. Picton plans to use the proceeds from this and other sales to make larger acquisitions.
Results for the year ended 30 September 2013 PCGH’s NAV total return was 21.0%, adjusted for the likely impact of PCGH’s subscription shares being exercised, and 23.2% without making that adjustment. The benchmark, the MSCI All Countries World Index Healthcare Index, returned 25.4%. The Board say that the main reason for the underperformance relative to the […]
Interim results for the six months ended 30 September 2013 Trinity’s net asset value per share at the end of September was 14pence. At the end of March the equivalent figure was 18pence (adjusting for the 5pence per share distribution Trinity made to shareholders in September). Most of the fall in the asset value is accounted for by […]
JP Morgan Senior Loans started trading this morning. 79m shares were issued at £1 per share. The fund is domiciled in Guernsey and managed by Jim Shanahan and Bill Morgan from J.P. Morgan Asset Management’s High Yield team, based in Cincinnati, Ohio. JPSL will invest in a broadly diversified portfolio of floating-rate debt instruments, at least 80% […]
VNL has raised £15m by issuing zero dividend preference shares with a life of three years and repayable at 126p, equivalent to a gross redemption yield of 8%.
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