Board discussing fee level at Strategic Equity Capital – Over the year to 30 June 2017, Strategic Equity Capital generated an increase of 29.3% in its NAV per share. On a total return basis, the NAV return was 29.6%, which was ahead of the Small Cap ex Investment Trusts Total Return Index which increased by 28.4%. The share […]
GCP Student Living says returns on target – GCP Student Living has published results for the year ended 30 June 2017. The highlights are: Total revenue for the year of £28.6 million. Annualised shareholder returns since IPO of 14.2%, in excess of the target return of 8-10%. Successfully raised £103.6 million through two oversubscribed placings […]
Jupiter Dividend & Growth rollover into UK fund – Jupiter Dividend & Growth Trust comes to the end of its life on 30 November 2017. It has agreed in principle to proposals with Jupiter UK Growth Investment Trust under which the shareholders will be offered a choice of: rolling over their investment on a cost and tax […]
Crystal Amber lays out case for its portfolio after bumper year – Crystal Amber’s NAV increased by 32.9% over the year to the end of June 2017. They declared interim dividends of 2.5 pence in both July 2016 and December 2016, in line with the dividend policy of 5.0 pence per year. Including the dividends […]
Shareholders approve MedicX’s plant to become a REIT – the board of MedicX Fund Limited has announced that at the Extraordinary General Meeting of its Shareholders held at 4.30 p.m. on 12 September 2017, the special resolution proposing that the company becomes resident in the United Kingdom for tax purposes and enters the UK REIT […]
Murray Income cuts fees as announces 44th year of dividend increases – Murray Income Trust reports that, for the year ended 30 June 2017, the company generated a Net Asset Value Total Return of 16.7%, a little bit behind the 18.1% return from the All-Share Index. The discount narrowed and that helped produce a share price return […]
Civitas considering new fundraise – following the recent announcement of the acquisition of 11 properties for a consideration of GBP5.8 million the total equity invested by Civitas Social Housing REIT since IPO now exceeds GBP284 million (before purchase costs). Civitas has now established a diverse portfolio of built and income generating social homes in England and Wales […]
LXi REIT buys another supported living portfolio – LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located across England. The purchase price is GBP12.9 million, reflecting a net initial yield of 6.0% (net of acquisition costs). Each property is immediately income producing and has been […]
Qatar Investment Fund – trade and travel ban hindered growth – in its results statement for the year ended 30 June 2017, Qatar Investment Fund’s chairman, Nicholas Wilson, said “The year to 30 June 2017 was one of mixed fortunes for Qatar. During the period, the country adjusted well to the realisation that oil prices […]
Tritax buys Royal Mail distribution facility – Tritax Big Box REIT has acquired a Regional Distribution Centre at Riversdale Road, Atherstone let to Royal Mail Group Limited. The total consideration is GBP32.68 million (excluding purchaser’s costs), reflecting a net initial yield of 6.1% on the corporate acquisition. The purchase is being funded from equity. The […]
