Overview
Alcentra European Floating Rate Income aimed to provide its shareholders with regular quarterly dividends and the opportunity for capital growth by investing predominantly in senior secured loans and floating rate senior secured bonds issued by European corporates.
It was placed into voluntary liquidation in November 2020
Research History
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10 Aug 2020 7 min read
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
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06 Dec 2019 5 min read
QuotedData’s economic roundup – December 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 6 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
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19 Dec 2018 1 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 Dec 2017 1 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
News
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06 Oct 2020 1 min read
QuotedData’s morning briefing 6 October 2020
In QuotedData’s morning briefing 6 October 2020: Augmentum Fintech says Seedrs (which was 1.2% of its portfolio at the end of March) is planning to merge with Crowdcube. Also, Tide (11.5% of the portfolio) has been awarded another £25m (on top of the £60m it got in February 2019) of the RBS Alternative Remedies Package (the […]
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28 Sep 2020 2 min read
QuotedData’s morning briefing 28 September 2020
In QuotedData’s morning briefing 28 September 2020: CVC Credit Partners European Opportunities (CCPE/CCPG) reported interim results to 30 June 2020, with NAV total returns for the Sterling and Euro share classes coming in at (7.95%) and (8.45%), respectively. Chairman, Richard Boléat, had this to say: “Performance of risk assets as a whole since 30 June has […]
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03 Jul 2020 2 min read
Alcentra European Floating Rate Income reports on significant NAV decline
Alcentra European Floating Rate Income (AEFS) has announced its annual results for the year ended 31 March 2020, which show a significant decline in NAV during the period (from 103.61p as at 31 March 2019 to 82.68p as at 31 March 2020 – a fall of 20.2%). The majority of the NAV decline occurred in March […]
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10 Jun 2020 3 min read
Alcentra European Floating Rate Income’s May performance led by holiday park credit
Over March, we looked at Alcentra European Floating Rate Income (AEFS), after it announced its intention to wind-up – you can access the story here. This morning, the fund has released a market commentary report, covering performance over May: “The fund was up 2.83% (gross) in May, behind both the Credit Suisse Western European Leveraged Loan […]
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22 Apr 2020 1 min read
QuotedData’s morning briefing 22 April 2020
The international oil market has moved to a price level not seen in about twenty years. The price of Brent crude oil fell to under $16 a barrel this morning. This follows the move into negative territory earlier this week in the US WTI crude oil benchmark. Alcentra European Floating Rate Income is convening an […]
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15 Apr 2020 3 min read
Thoughts from Alcentra European Floating Rate Income on conditions through March
Over March, we looked at Alcentra European Floating Rate Income (AEFS), after it announced its intention to wind-up – you can access the story here. In an update released today, AEFS said that the fhe fund was down (17.18%) in gross terms over March, behind both the Credit Suisse Western European leveraged loan index, which […]
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03 Apr 2020 3 min read
Debt problems
Oil companies, airlines, travel companies, retailers – I am sure we can all think of examples of businesses that have been hit hard by COVID-19. Many of these businesses weren’t doing particularly well even before the lockdowns began. Default rates on loans to these sectors are set to rocket. Already, a large US shale oil […]
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19 Mar 2020 2 min read
QuotedData’s other news 19 March 2020
In QuotedData’s other news 19 March 2020 – Alcentra European Floating Rate Income (AEFS) said its top performing credits for in February were names that had been weaker in prior periods but saw improved outlook and traded higher in the period. The top credit, a pharmaceutical company, traded +4.6% higher after the company was refinanced and […]
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12 Mar 2020 1 min read
Alcentra European Floating to wind up
Alcentra European Floating to wind up – The board of Alcentra European Floating Rate Income Fund says that, following its March 2020 tender offer, it has conducted a comprehensive review of the outlook for the company. This review, conducted in consultation with the investment manager and broker, has been undertaken in tandem with extensive shareholder […]
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20 Feb 2020 1 min read
QuotedData’s other news 20 February 2020
In QuotedData’s other news 20 February 2020 Hadrian’s Wall Secured Investments (HWSL) has served notice on Hadrian’s Wall Capital Limited to terminate its investment advisory agreement, this will take effect in 12 months. This is tied up with the decision to wind up the fund taken recently. India’s Supreme Court has ruled in favour of Alpha […]
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19 Nov 2019 1 min read
QuotedData’s other news 19 November 2019
In QuotedData’s other news 19 November 2019 Amedeo Air Four says that Emirates will take two of its A380s out of service for a while to allow it to install new premium economy cabins. This won’t affect Amedeo Air Four’s income but it thinks it might help when it comes to selling the planes at the […]
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28 Jun 2019 2 min read
QuotedData’s other news 28 June 2019
In QuotedData’s other news 28 June 2019 Origo Partners results to end December 2018 (ancient history now) show its NAV halving from 3.9 cents to 1.8 cents, down to: – (i) write offs of the company’s investments in Celadon, Gobi Coal, Staur Aqua, Fram, Six Waves, and Unipower; (ii) realised losses from the company’s sale of its […]
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15 Nov 2016 1 min read
Alcentra say market regains confidence post Brexit
Alcentra European Floating Rate Income Fund has published some figures for the period ended 30 September 2016. NAV per share increased from 103.04p as at 31 March 2016 to 103.88p as at 30 September 2016. They declared dividends of 2.94p. The manager says that the NAV of the company has remained relatively stable over the […]
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29 Jun 2016 1 min read
Alcentra’s NAV dips
Over the year to the end of March 2016, Alcentra Floating Rate Income Fund’s net asset value fell from 105.3p to 103.0p. In Euros the fall was more pronounced (€1.457 down to €1.303). The share price fell too – from 108.75p to 100.75p. The dividend for the year was 5.36p – up from 5.04p the […]
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25 Aug 2015 1 min read
Fair Oaks invests in Alcentra CLO
Fair Oaks Income Fund says the Fair Oaks Income Fund LP (the “Master Fund”) has entered into binding contracts to acquire, in the primary market, $28.0 million notional of equity notes, representing 73% of the total equity, and $8.6m notional of Class F notes of Shackleton 2015-VIII CLO, a new CLO backed by a portfolio […]
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01 Jul 2015 1 min read
Alcentra sticking to stronger EU countries
Alcentra European Floating Rate Income has announced results for the year ended 31 March 2015. the net asset value fell slightly in Sterling terms (from 106.56p to 105.31p) but rose in Euro terms from 129.06 cents to 145.7 cents. The dividend fell to 5.04p from 5.21p. As at 31 March 2015, the portfolio was invested in […]