HICL Infrastructure Company Limited has reached an agreement to acquire a 33.3% equity interest in Northwest Parkway, a toll-road located in the Denver metropolitan area of Colorado, U.S.A. HICL is part of a consortium alongside DIF Infrastructure IV and Northleaf Capital Partners, which has agreed to acquire a 100% equity interest in the project from […]
Seneca Global Income & Growth Trust has published its interim results for the six months ended 31 October 2016. The fund generated a net asset value per share total return of +10.1% for the six months to 31st October 2016 and the share price total return was slightly lower at +9.8%, both much better than the benchmark […]
Invesco Perpetual Enhanced Income has announced results for the year ended 30 September 2016. Over the period, the NAV total return was 15.7% which compares to a total return for the Merrill Lynch European High Yield Bond index (Sterling Hedged) of 9.5%; the Sterling Investment Grade Bond Index return of 16.3%; and United Kingdom Gilts returning […]
Globalworth is to raise €200m at €8 per share a 12.6% discount to its NAV. This means value is being transferred from existing investors to the new investors. The net asset value will be diluted. The shares have risen on the news, possibly reflecting the good news that it will now have enough money to develop its Globalworth campus […]
Acorn Income Fund has announced proposals that seek to extend the life of its zeros until 28 February 2022. Zero holders have the option their cash back in 2017 as planned. There will also be an opportunity to subscribe for new ordinary shares and new zeros. Acorn Income has, currently, two classes of shares in issue: […]
Industrial Multi Property Trust PLC has announced that it has received notice from Alpha Real Trust Limited who holds approximately 18.7 per cent. of the share capital requisitioning an extraordinary general meeting of the Company (the “EGM”) to consider the following resolutions: That Jonathan Clague is removed as a Director of Industrial Multi Property Trust PLC. That […]
Better Capital has published a half-year report covering the six months ended 30 September 2016. The 2009 cell is doing OK, as the sale of its largest holding nears but the 2012 cell is struggling. The 2009 Cell NAV per share was 116.08p at 30 September 2016 which compares to 116.73p at 31 March 2016 […]
NextEnergy Solar Fund reports that its NAV per share increased from 98.5p on 31 March 2016 to 102.0p as at 30 September 2016. The NAV return was 8.3%. Reported profit for the period ended 30 September 2016 was GBP25.3m and earnings per share were 8.46p. During the period the share price increased from 97.75p to 106.13p […]
The Board of BlackRock Income Strategies has completed its strategic review and has agreed heads of terms with Aberdeen Asset Management and Aberdeen UK Tracker Trust (AUKT) to propose the following changes: Appointing Aberdeen’s Diversified Multi-Asset team, with Mike Brooks and Tony Foster as new lead portfolio managers; Significantly enlarging the company by a merger with AUKT; renaming the newly combined […]
Shaftesbury has published its results for the year ended 30 September 2016. Its EPRA NAV at the end of the period was GBP8.88 per share, an increase of 19p (2.2%). Portfolio capital value growth added 43p (4.9%) before a reduction of 24p as a result of early termination of debenture debt and interest rate swaps. EPRA […]
