VPC Speciality Lending invests more in Borro – Victory Park Capital, VPC Speciality Lending’s investment manager has decided that the funds that it runs will take a majority equity stake in Borro. Through this transaction, VPC Speciality Lending will end up owning approximately 49% of Borro. The remaining 51% of the equity will be held by […]
Ediston plans dividend hike as buys four retail warehouse parks – Ediston Property Income is seeking to expand and raise its dividend at the same time. Dividend increase “It is the Board’s intention to increase the annualised dividend by 4.5 per cent. to 5.75 pence per share, in the absence of unforeseen circumstances, commencing with the dividend in […]
European Assets introduces tiered fee – In response to a sustained period of growth in net assets, the Supervisory Board of European Assets Trust NV has decided to announce an amendment to the basis of calculation of the investment management fee payable to F&C Investment Business Limited, the investment manager. Previously, the investment manager received […]
Eastern European Property consults on way forward – Eastern European Property Fund Limited continues to procure and progress negotiations with interested parties with a view to securing the disposal of EEP’s remaining key property asset as soon as possible. However, as highlighted in the company’s interim report for the period to 30 June 2017, the […]
River & Mercantile Micro Cap returning more money – River and Mercantile UK Micro Cap Investment Company completed its first partial compulsory redemption in June 2017. This returned approximately GBP15 million to shareholders and reduced the company’s net asset value to around GBP100 million, in accordance with the fund’s policy of keeping itself small and nimble, given the size of […]
P2P Global cuts US exposure – The Board of P2P Global Investments says that the company has entered into an agreement to sell a significant proportion of its exposure to US consumer loans. The transaction represents a reduction of GBP36.9 million net exposure (4.56% of the NAV as at 30 September 2017) and GBP167.1 million gross […]
Stock selection lets down JPMorgan Japanese – JPMorgan Japanese has released results for the year ended 30 September 2017. Over the year it produced a total return on net assets of +9.7%, lagging its benchmark index by some 2.5%. When the effects of a tightening discount to net assets at which the shares trade is taken […]
John Laing Infrastructure reveals thinking on Labour PFI threats – in a trading update released today, John Laing Infrastructure Fund talks about various issues including the threat to PFI from a Labour government, a write-off in the portfolio and Catalonia. PFI At the annual UK Labour Party conference in September 2017, the UK’s Shadow Chancellor of […]
LXi REIT has announce that it has exchanged contracts on the pre-let forward funded acquisition of a new Premier Inn hotel in the East Midlands. The total funding commitment is £6.9 million, reflecting a net initial yield of 5.20% (net of acquisition costs to the Company), and the acquisition is being funded from equity resources […]
Regional REIT has announced that its asset manager, London & Scottish Property, has exchanged contracts to sell a development site in Leeds for £10.5m, on a subject-to-planning basis, to Unite Students. The 21,000 square foot site, which was acquired by Regional REIT in March 2016 as part of the Wing Portfolio together with the adjacent […]
