A recent comparison of open-ended funds versus closed-ended investment companies suggests the latter are losing their edge on charges, but compelling reasons remain to opt for investment trusts, writes Jennifer Hill. Investment trusts have long been seen to offer superior performance to funds thanks to their ability to ‘gear’ investments, hold a fixed pool of […]
Triple Point Social Housing makes second investment – Triple Point Social Housing REIT says it has progressed well since its successful IPO in early August, which was supported by a broad range of institutional investors as well as by Places for People Group, one of the UK’s largest property and leisure management, development and regeneration companies. Shortly […]
Ground Rents to offer inflation linked alternative to doubling rents – On 2 August 2017, Ground Rents Income Fund issued a Corporate Update in light of media attention on ground rents and the launch by the Communities Secretary, Sajid Javid, of a consultation on proposals to amend leasehold legislation. The announcement advised that the Board, in […]
Have equity income funds had their day? – Merry Somerset Webb on QuotedData research In the 1950s, the point of investing was simple. It was, says John Littlewood in his book, The Stock Market: 50 Years of Capitalism at Work, “to provide assets to match as closely as possible the liabilities stretching years into the […]
Supermarket Income REIT buys Sainsbury’s superstore – Supermarket Income REIT has acquired the freehold of the Sainsbury’s Bybrook Superstore in Ashford, Kent, from National Farmers Union Mutual Insurance Society for GBP80 million (net of acquisition costs), reflecting a net initial yield of 4.5% after the next agreed RPI-linked rent review in September 2017. The store […]
Amedeo Air Four Plus buys new plane for Thai Airways – Amedeo Air Four Plus, via its wholly-owned subsidiary, AA4P Mu Limited, reports the purchase of one A350-900 aircraft, bearing manufacturer’s serial number 130, on 31 August, 2017, placed on lease to Thai Airways International Public Company Limited for a term of 12 years. Following […]
Blue Capital Alternative Income evaluating options on discount – the company made a brief announcement on the morning of 1 September 2017 that just says: “The Company’s Ordinary Shares have traded at an average discount of more than 5 per cent. to the net asset value per Ordinary Share over the three month period ending […]
Syncona says NightstaRx files for IPO – Syncona Ltd, today notes that its portfolio company NightstaRx Limited (to be reorganised as Nightstar Therapeutics Limited) has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) for a proposed initial public offering, in the United States, of its American Depositary […]
John Laing Environmental buys anaerobic digestion plant – John Laing Environmental Assets Group has acquisition of Vulcan Renewables Ltd for a total consideration, including working capital, of GBP15.3 million. The acquisition, in partnership with experienced operator Future Biogas Ltd, is the Company’s first investment in the anaerobic digestion sector, further diversifying the Company’s portfolio of […]
Witan Pacific diversifies manager line up – The Board of Witan Pacific Investment Trust has announced changes it intends to make to the line-up of external delegated investment managers within its multi-manager structure. The initial structure will be approximately: Aberdeen Standard Investments 25% (previously 42%) Dalton Investments LLP 10% (new) Matthews International Capital Mgt. 40% (previously […]
