Aberdeen Asian Smaller outperforms helped by financials – Aberdeen Asian Smaller Companies says that, for the year ended 31 July 2017, its net asset value increased by 15.4% on a total return basis, ahead of the MSCI Asia Pacific ex Japan Small Cap Index’s return of 14.3%. For UK-based investors the weakness in sterling boosted investment returns. […]
Alpha Real gets planning for Frankfurt data centre – Alpha Real Trust has successfully secured detailed planning consent for a 40,338 square metre data centre building at its data centre site, together with a commitment from the local utility provider to connect a 35 MVA dual feed power supply to the site. As announced in […]
Ottoman Fund nudges closer to the end – The Ottoman Fund Ltd has successfully repatriated its cash from Turkey and has placed its three Turkish subsidiaries in liquidation. This represents a substantial step in its efforts to wind up its business activities in Turkey and return excess capital to shareholders. The auditors and administrator are […]
JPMorgan Global Emerging Income lags on technology underweight – JPMorgan Global Emerging Income reports that, for the year ended 31 July 2017, it generated a total return on net assets of +16.4%. The total return to shareholders was +14.4% reflecting a widening of the share price discount to net asset value from 1.5% to 3.4%. […]
Not just any big box… – Tritax Big Box REIT plc has completed contracts with ProLogis European Finance XI Sarl to acquire two modern Big Box logistics facilities at Prologis Park, Stoke-on-Trent, Staffordshire, let to Marks and Spencer and Dunelm (Soft Furnishings) Ltd, the UK’s number one homewares retailer. The combined net purchase price is GBP78.5 […]
Temple Bar issues 30-year debt – The Board of Temple Bar Investment Trust announces that it has agreed a £25m fixed rate 30 year Private Placement Note at a coupon of 2.99%. The funding date will be 24 October 2017 and this financing will be due for bullet repayment on 24 October 2047. The interest payment […]
K&C REIT hopes for transformation – tiny K&C REIT has big ambitions. It plans to consolidate its shares on a 10×1 basis and issue up to £150m shares at 100p to fund the acquisition of portfolios of residential property. It hopes to top up the £150m equity issue with £100m of debt. Duncan Walker, previously […]
Merchants Trust refinances debt – The Merchants Trust has today priced an issue of a GBP35 million fixed rate 35 year secured private placement note with a coupon of 2.96%. The funding date, subject to final documentation, will be 18 December 2017, with interest payable semi-annually on 18 December and 18 June (first payment on 18 […]
JPMorgan Global Convertible benefits from discount tightening – JPMorgan Global Convertible Income had a better year over the course of the 12 months ended 30 June 2017. The total return on net assets was +9.2% and shareholders enjoyed an even stronger performance, with a total gain of 19.1% (dividends reinvested). The fund did underperform its […]
John Laing Infrastructure buys five PPP projects – John Laing Infrastructure Fund has signed sale and purchase agreements with respect to the acquisition of a portfolio of five UK PPP projects from John Laing Group plc. The portfolio comprises: An additional 9% indirect interest in the Intercity Express Programme Phase 1 (“IEP Phase 1”) project […]
