Blackstone/GSO Loan Financing has published its accounts for 2015 (figures are in Euros unless otherwise indicated). The fund returned just over 8% for the year. Over the period its NAV fell from 99 cents to 98.39 cents and its share price fell from 101 cents to 98 cents. BGLF paid dividends of 8 cents (2 cents […]
Hammerson has announced the successful syndication and signing of a £420 million unsecured Revolving Credit Facility at an initial margin of 90 basis points with a syndicate of eight international banks. This new facility will refinance the existing £150 million Revolving Credit Facility which would have matured in April 2017 which featured a margin of 150 basis […]
Phaunos Timber Fund says its NAV decreased from US$321.3 million or US$0.57 per Ordinary Share to US$278.8 million or US$0.49 per Ordinary Share, a decrease of 13% over the course of 2015, reflecting the weakness of the company’s main operating currencies against the US Dollar. Revenue from timber operations and investment income increased from US$11.7 […]
Further to JPEL Private Equity Limited’s announcement on 11 March 2016 discussing the timeline for the implementation of the realisation share class, the company announces that holders of a majority of US$ Equity Sharesc have, in recent weeks, notified the Board that they no longer support the dual continuation share class and realisation share class […]
Prospect Japan Fund, which reports its results in US dollar terms, says that for 2015, it achieved a gain, in Dollar terms, of 19.13% as against the MSCI Japan Small Cap Index increase of 15.74%. The Yen:Dollar exchange rate at 31 December, 2015 was virtually unchanged from a year earlier. The largest contributors to 2015 […]
UK Commercial Property Trust has published its results for 2015. The Chairman says the fund delivered a NAV total return of 9.1% over the 12 month period, outperforming the FTSE All- Share Index return of 1.0% and the ten year gilt index of 0.8%. The return from UKCM was behind that of the IPD benchmark […]
The Board of JPMorgan Elect has announced that heads of terms have been agreed with the board of JPMorgan Income & Growth Investment Trust in relation to that company’s forthcoming reconstruction. JPMorgan Income & Growth, with £67.4m of net assets, has a fixed life and is due to wind up on or around 30 November […]
Foreign & Colonial Investment Trust has agreed to issue fixed rate senior unsecured private placement notes in tranches of (i) GBP25 million principal with a 12 year tenor, at a coupon of 2.80% and (ii) GBP50m principal with a 15 year tenor, at a coupon of 3.16%. The funding date for the notes is expected […]
BlackRock Greater European says its undiluted net asset value per share increased by 2.1%, compared with a decrease of 0.8% in the FTSE World Europe ex UK Index. Over the same period, the Company’s share price rose by 3.2% (all percentages calculated in sterling terms with income reinvested). Since the period end to 18 April 2016, the […]
HICL Infrastructure Company Limited has announced the acquisition of a 30% interest in the M1-A1 Link Road (Lofthouse to Bramham) DBFO Road Project from Balfour Beatty plc for £14.5m. The project is a 30 year shadow toll PFI concession for the design, construction, financing, operation and maintenance of a motorway linking the M1, M621 and […]
