LXi has invested 90% of issue proceeds – The Board of LXi REIT has announced that the company has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Surrey, Somerset and Leicestershire. The purchase price is GBP5.0 million, reflecting a net initial yield of 6.0% (net of acquisition […]
DW Catalyst calls liquidation EGM. Further to the announcement on 1 June 2017 regarding the proposed winding up of DW Catalyst, they are publishing a circular to shareholders containing a notice of extraordinary general meeting to be held on 2 August 2017 at which resolutions will be proposed to shareholders regarding the liquidation of the company. In […]
Target Healthcare REIT buys in Leicestershire and Merseyside – it has completed the acquisition of two properties for a total value of GBP16.6 million (including acquisition and forward funding costs): The Amwell in Melton Mowbray, Leicestershire, is an 88 bed home which opened its doors to residents in March 2017. Situated in a prominent location […]
AEW UK Long Lease REIT invests £24m – AEW UK Long Lease REIT has four properties under offer across a range of property sectors. The combined value of the assets is GBP24m and represents over 30% of the net proceeds raised at the Company’s successful IPO on 6 June 2017. The properties are in line […]
Riverstone Energy investment Sierra Oil & Gas makes major discovery. Sierra Oil & Gas has announced that the Zama 1 well has discovered significant quantities of oil in its primary target formation. Preliminary analysis indicates the presence of a contiguous oil bearing interval of over 1,100 feet (335 meters) gross, with net pay of over 650 […]
Phaunos Timber manager resigns – following the loss of the continuation vote, the Manager of Phaunos Timber Fund Limited, Stafford Capital Partners Limited, has informed the Board of Phaunos that it will resign with effect from the Company’s General Meeting to be held in August 2017. From that date a six month notice period will […]
PRS REIT has started making investments – the closed-ended real estate investment trust, which was established to invest in new build homes in the private rented sector and was admitted to the Specialist Fund Segment of the London Stock Exchange’s Main Market on 31 May 2017, says: Immediately following its launch and as planned, it acquired 50 […]
Alternative Liquidity’s Tim Gardner moves to Warana Capital. Warana Capital, LLC has been formally appointed as Alternative Liquidity’s investment manager on the terms set out below. Morgan Creek Capital Management, LLC, which had been the investment manager of the Company since its inception, has chosen to resign to focus on its activities in the US. The […]
TwentyFour Income Fund (TFIF) has announced its annual results for the year ended 31 March 2017. During the period, the company’s NAV grew by 10.2% whist its share price grew by 12.8% reflecting a widening of its premium to NAV from 1.94% to 4.29%. The company also paid dividends of 6.99p (2015: 7.14p). Including dividends, […]
BlackRock Income and Growth Investment Trust (BRIG) has announced that Mark Wharrier, co-portfolio manager of the Company, has resigned to pursue another role. It says that Adam Avigdori, who has been co-portfolio manager of the Company since November 2011, continues as co- portfolio manager, while David Goldman, a senior director within the BlackRock UK Equity […]
