News

Life Science REIT (LABS) has completed the sale of Lumen House in Oxford for £7.65m to Harwell Science and Innovation Campus, a joint venture between Brookfield and the UK Atomic Energy Authority together with the Science and Technology Facilities Council. The disposal price represents a 5.6% net initial yield and is 2% ahead of June […]

In QuotedData’s morning briefing 1 December 2023: Bluefield Solar (BSIF) has announced a number of changes to the roles and responsibilities of some of its directors. First, Chris Waldron has now been appointed as a non-executive director of BSIF with effect from 1 December 2023. He has also been appointed to each of BSIF’s established […]

Over the year to 30 September 2023, BlackRock Frontier Markets produced an NAV total return of +25.1% (in US dollars), compared to an increase in its benchmark index of +5.0%. For Sterling based shareholders, the equivalent return for the year was +14.3%, with the index returning -3.9%, representing an outperformance of 18.2%. The discount narrowed […]

In NAV terms, the 12 months ended 30 September 2023 were not great for abrdn Equity Income, which generated a return of 1.8%, lagging its All-Share Index benchmark by 12 percentage points. However, a narrowing discount rescued the situation somewhat, leaving shareholders with a return of 11.4% for the period. The chair’s statement notes that […]

Over the 12 months ended 31 August 2023, Henderson Far East Income delievered an NAV return of -13.0% and a share price return of -14.8% as compared to a -7.2% return on the FTSE All-Word asia Pacific ex Japan Index and a +0.1% return on the MSCI AC Asia Pacific ex Japan High Dividend Yield […]

RM Infrastructure Income (RMII) has published a circular convening a meeting to approve its managed winddown. In September, the manager’s run-off profile of the portfolio showed a forecasted weighted average remaining life of about 1.7 years from end-October 2023, with a liquidation of the company occurring in the second half of 2027. The manager has […]

In QuotedData’s morning briefing 30 November 2023: Following the passing of a resolution at its AGM yesterday, Reconstruction Capital II (RC2) will have its last day of dealings on AIM on 18 December 2023. CT UK Capital and Income (CTUK) published results for the 12 months ended 30 September 2023 that show it just failing […]

In QuotedData’s morning briefing 29 November 2023: Cordiant Digital Infrastructure (CORD) announced its interim results for the six months to 30 September 2023. The NAV total return was 1.1% while shares fell 12.4% with the company’s discount widening to 38%. Despite the returns, portfolio performance was robust. EBITDA for the six-month period increased 5.5% to […]

Digital 9 Infrastructure (DGI9) has announced that it has entered into a definitive agreement to sell its entire stake in the Verne Global group to funds managed or advised by Ardian France SA for up to US$575m (approximately £456m). The sale price has deferred and contingent elements as explained below. There are also a number […]

Abrdn China Investment Company (ACIC) and Fidelity China Special Situations (FCSS) have announced proposals to merge ACIC into FCSS. This will be implemented via a voluntary wind up and reconstruction of ACIC that will see a transfer of part of its cash and into FCSS in exchange for new FCSS shares. Assuming that the merger, […]

As noted on November 3, Troy Income (TIGT) has announced that terms have been agreed for a proposed combination of TIGT with the STS Global Income & Growth Trust (STS). Following implementation of the proposals, the enlarged STS will continue to be managed, on the same basis as currently, by Troy Asset Management Limited with James […]

Keystone Positive Change (KPC) has announced its annual results. Over the year to 30 September 2023, the company’s net asset value per share total return was 7.0% compared to a total return of 11.0% for the comparative Index (in sterling terms). The share price total return for the same period was 6.0% as the discount […]

Tritax Big Box REIT has announced that it has sold six assets so far in 2023 for a total of £327m. These disposals were conducted at or above most recent valuations, the company said, and delivered a blended net initial yield of 4.34%. The announcement provided top line detail on the assets, but it appears […]

In QuotedData’s morning briefing 28 November 2023: JPMorgan Global Core Real Assets (JARA) announced its interim report for the period ended August 31, 2023. The net asset value total return was -4.6%, whilst total return to shareholders was -7.8%. Underlying asset performance in local currency was +0.7%. Currency was the key negative contributor to company […]

In QuotedData’s morning briefing 27 November 2023: JLEN Environmental Assets (JLEN) released its half year results for the period ending 30 September 2023. Its NAV decreased from 123.1p per share to 119.7p over the 6 months. JLEN reported a NAV total return of 1.4% over the period, with its overall portfolio valuation remaining flat at […]

What two questions should an investor ask themselves if a company’s share price goes up? Join Scottish Mortgage’s decision-makers as they answer this and the questions put to them by its shareholders. “We believe that the value created by a small number of exceptional companies over the long run is the way to make money. […]

QuotedData’s morning briefing for 24 November 2023 CT Private Equity Trust CTPE) released its quarterly update for the three months ended 30 September 2023. CTPE reported a NAV per share of 696.3p, reflecting a total return of 3.3% for the quarter, as well as a share price total return of 0.4%. A quarterly dividend of […]

Hipgnosis Songs Fund (SONG) has provided an update following the vote against continuation at its recent AGM on 26 October 2023. As part of a strategic review, the board intends to appoint independent advisers to conduct due diligence on the company’s assets to identify alternative proposals for the future of the company. The board has […]

In QuotedData’s morning briefing 23 November 2023: abrdn New India Investment Trust (ANII) announced its interim report for the six months to September 30 2023. Share price total return for the period was 13.7% while the NAV was up 13.2% with the discount narrowing slightly to -18.7% at last close. While impressive on an absolute […]