Hansteen has announced that the Secretary of State for Transport has acquired Saltley Business Park, Birmingham from a subsidiary of the Company, by way of a compulsory purchase order. This has taken place under the High Speed Rail (London – West Midlands) Act 2017, to enable construction of the first phase of the HS2 route. […]
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 […]
CatCo reports on its annus horribilis – CatCo Reinsurance Opportunities has published its accounts covering 2017. The net asset value of the ordinary shares declined by 27.6%. When the company thinks it might face claims in relation to losses, it holds money in ‘side pocket investments’, effectively cash, rather than reinvesting this money in new investments. Due to […]
JZ Capital boosted by Bolder – JZ Capital Partners Limited has announced an agreement to sell Bolder Healthcare Solutions (“BHS”) to a subsidiary of Cognizant, one of the world’s leading professional services companies. Headquartered in Louisville, Kentucky, BHS offers a full suite of healthcare revenue cycle management services to the hospital and physician marketplace in […]
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 […]
Alliance Trust writes off goodwill on Stocktrade deal – Alliance Trust has published its results for the year ended 31 December 2017. These show an improvement in its performance as its equity portfolio outperformed its MSCI ACWI benchmark over the year by 4.2%. This helped drive an NAV total return of 18.5% versus a return of […]
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 […]
$300m C share issue planned for BioPharma Credit – BioPharma Credit has released its first annual results, covering the period from launch to 31 December 2017. The NAV at the end of the period was $1.0091, up from 98 cents immediately after launch. The original target was to pay a 4% dividend per annum. It declared interim […]
Foreign & Colonial will change name after 150 years – Foreign & Colonial, which is marking its 150th anniversary, has published results for the year ended 31 December 2017. The year was a good one for F&C’s shareholders. A share price total return of 21% and an NAV total return of 16.9% were both well ahead of […]
LXi increases dividend target – The board of LXi REIT (LXI) has announce that the Company has increased its dividend target. The target is being introduced over two time periods. The first one is from the IPO (27 February 2017) to 31 March 2018, when the target total dividend has been increased by 33.3% to 4.0 pence per […]
