Ranger hit by Princeton bankruptcy – Ranger Direct Lending has announced that it has been informed that Princeton and the General Partner filed voluntary petitions of bankruptcy on 9 March 2018. The filings came hours before the three-judge arbitration panel was to rule on an application for an order requiring Princeton to hold and segregate all revenues […]
City Natural Resources revamp includes change of name – City Natural Resources has just published its interim results. The announcement contains the results of review that the fund’s board has undertaken as the fund’s CULS approach maturity. Dividends from capital The Board believes that the level of dividends paid has been a key feature in […]
Monks tinkers with management fee – The Board of The Monks Investment Trust has announced a change in the calculation of the company’s management fee, with the introduction of a further stepped tier at GBP1.75bn of total assets*. With effect from 1 May 2018 the annual management fee payable to the Company’s Investment Managers and Secretaries, […]
Tufton buys two vessels – The Board of Tufton Oceanic Assets Limited has announced that the company has acquired two sub-Panamax containerships for $22.8 million. The vessels will have charters of at least two years and three years, respectively. One ship is chartered to part of a major investment grade container shipping group. The other ship will […]
Capital & Regional resilient in face of challenging retail environment – Capital & Regional has announced its full year results to 30 December 2017. Highlights include: Basic and EPRA NAV per share resilient, both at 67p (December 2016: both 68p) Income growth driving 7.4% increase in total 2017 dividend Adjusted Profit up 8.6% to GBP29.1 […]
RM Secured Direct Lending on track for March C share conversion – RM Secured Direct Lending has published results covering the period from launch to the end of December 2017. RM Secured Direct Lending plc listed on the premium segment of the main market of the London Stock Exchange on 15 December 2016, issuing 50,300,000 Ordinary […]
Fundsmith doesn’t want to own the stocks that are going up – Fundsmith Emerging Equities has reported results covering 2017. The net asset value per share total return for the year was +21.2% (2016: +12.0%) and the share price total return was +24.5% (2016: +10.5%). The MSCI Emerging and Frontier Markets Index, measured on a net […]
Murray International outperforms in 2017 – Murray International has published results for 2017. The chairman says that the NAV posted a total return of 14.7%, ahead of the total return of 12.8% from the benchmark (40% FTSE World UK Index and 60% FTSE World ex UK Index). The share price posted a total return of 11.0%, […]
Secure Income REIT buying £436m portfolio – Secure Income REIT has exchanged contracts to acquire two substantial off-market portfolios at a total cost of GBP436 million. The first portfolio of leisure assets across the UK has a gross cost of GBP224 million representing a net initial yield of 5.9% and with a weighted average unexpired lease term of […]
BB Biotech remains a top performer in Feb Switzerland’s BB Biotech (BBB.S) recorded a 2% fall in its NAV in February, but achieved a robust 7.8% rise in its portfolio value in the two month year-to-date (YTD) period, on the back of the strong rise in January. BB Biotech enjoyed the second best investment performance in […]
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