Account
Sign Up Login Investor Type
Menu

Investment Companies News

Investment companies are companies set up to make investments on behalf of their shareholders (also called closed-end funds and, in specific circumstances, investment trusts).

21 Mar 2024
a coffee cup next to an alarm clock

QuotedData’s morning briefing 21 March 2024 – GIF, HEIT

In QuotedData’s morning briefing 21 March 2024: Gulf Investment Fund (GIF) is holding its regular 100% tender offer. Shareholders holding shares at the close of markets on 26 March have until 1pm on 11 April to say if they want to tender their shares. Provided that the fund won’t shrink too much (less than 38m […]

20 Mar 2024

Urban Logistics REIT pulls out of merger talks

Urban Logistics REIT has announced that it will not proceed with an offer for abrdn Property Income Trust. The company had made a merger proposal to the company’s board in February, rivalling a merger bid by Custodian Property Income REIT, and in March set out the terms of an alternative proposal that would see it […]

Sectors
20 Mar 2024

Fidelity European Trust delivers strong year

Fidelity European Trust (FEV) has announced its annual results for the year ended 31 December 2023. The company reported a NAV total return of +17.5% while the benchmark Index, the FTSE World Europe ex UK Index, rose by +15.7%. Over the same period, the ordinary share price total return was +15.3%. The board also announced […]

20 Mar 2024

European Assets Trust looks to the future after solid year

European Assets Trust (EAT) announced its annual results for the year end 31 December 2023. NAV total return was 8.2% for the year ended 31 December 2023, slightly behind the benchmark return of 9.8%. Share price total return was 4.5% while the declared dividend for 2024 is 5.90, up 2% from 2023.  Following the company’s disappointing […]

20 Mar 2024

abrdn Property Income sells duo of assets at book value – casting doubt on merger

abrdn Property Income Trust (API) has sold two assets for a combined £16.55m, reflecting a very slight discount of 0.3% to their 31 December 2023 valuations. The sales cast doubt on the merits of Custodian Property Income REIT’s (CREI’s) merger proposal, which as it stands values API at a 28.2% discount to NAV. API’s board […]

Sectors
20 Mar 2024

QuotedData’s morning briefing 20 March 2024 – VNH, PRSR, SERE

In QuotedData’s morning briefing 20 March 2024: VietNam Holding ( VNH) announced an update for the month of February 2024. VNH’s NAV was up +7.8% in February due to overweights in outperforming sectors, particularly banks, telecoms, retail, and industrials. The growth comes on the back of strong domestic performance in Vietnam with the managers noting […]

Sectors
Companies
19 Mar 2024
view of tthe corner of the castle view retirement living development near windsor

Challenging year for LMS Capital

LMS Capital has announced the company’s annual results for the year ended 31 December 2023.The NAV total return for the year fell 7.9%. The main drivers of the negative returns were FX headwinds and an unrealised loss on the revaluation of the Brockton Fund 1. Offsetting this was the sale of the company’s Medhost investment […]

19 Mar 2024
BSIF

NextEnergy Solar Fund reaches 1GW milestone

NextEnergy Solar Fund (NESF)  has announced that it has successfully begun commercial operations at its standalone 50MW energy storage asset, named Camilla.  This is a significant milestone for the company as it increases NESF’s total installed net capacity above 1GW to 1,014MW. Camilla connected to the National Grid in December 2023 and progressed successfully through […]

19 Mar 2024
a stack of newspapers next to a mug of tea 230601 morning 2

QuotedData’s morning briefing 19 March 2024 – SEIT, SHIP, PINT

In QuotedData’s morning briefing 19 March 2024: SDCL Energy Efficiency Income Trust (SEIT) provided an interim update for the period from 1 October 2023 to 18 March 2024. The company noted that it is on track to deliver fully cash covered aggregate dividends of 6.24p per share for the financial year to 31 March 2024 […]

Companies
18 Mar 2024
The Hipgnosis elephant going downhill

SONG’s woes compound thanks to double counting by adviser

The board of Hipgnosis Songs Fund (SONG) has reported an error made due to the double counting of accrued revenue in the calculation of operative NAV by Hipgnosis Song Management Limited, the trust’s adviser. This error results in a 7.6% reduction in the pro forma operative NAV per ordinary share from $1.1657 (92.08p) as stated […]

18 Mar 2024

Witan is up for grabs with CEO stepping down

Witan Investment Trust (WTAN) says its CEO Andrew Bell intends to step down this year after 14 years in the job. The board is taking this opportunity to review Witan’s management arrangements as well as beginning the search for his replacement. [QD comment: It has to be acknowledged that the trust’s returns have been poor. […]

18 Mar 2024

Urban Logistics REIT details new proposal for abrdn Property Income

Urban Logistics REIT has outlined details of an alternative proposal for abrdn Property Income Trust (API), that it says provides a better deal for API shareholders than the current Custodian Property Income REIT (CREI) bid. The proposal involves the acquisition by Urban Logistics of API’s logistics and retail warehouse assets (portfolio 1 – 66% of […]

Sectors
Companies
18 Mar 2024

QuotedData’s morning briefing 18 March 2024 – JPEL, OCI, AIRE, ASLI, CHRY

In QuotedData’s morning briefing 18 March 2024: JPEL Private Equity (JPEL) has released its 31 December NAV, along with its semi annual report. Its NAV per share declined from $1.63 to $1.50, giving it a total NAV of $21.6m. The decline in NAV is primarily due to mark to market adjustments in JPEL’s investment in […]

Companies
15 Mar 2024

QD view – Does the UK market need more than the best of British?

The story of the UK equity market over the last decade has few uplifting moments. It has lost 25% of its companies[1], retail investors have pulled out more than £50bn, it has fallen off the radar of many international investors and even domestic companies are seeking to list elsewhere. It has also been a terrible […]

Sectors
Companies
15 Mar 2024
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 15th March 2024

Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • Henderson EuroTrust / Henderson European Focus (0:53) • GCP Asset Backed Income (5:36) • Scottish Mortgage (7:41) • Regional REIT (11:02) This week’s interview was with […]

Geographies
  • Europe (EU and EEA ex UK)
  • Global
  • UK
Sectors
Companies
15 Mar 2024

NextEnergy Solar’s first two international solar co-investments energised

NextEnergy Solar Fund’s (NESF’s) first two international solar co-investments alongside NextPower III ESG (NPIII ESG) have been energised, bringing an additional 260MW of generation capacity online in Europe and increasing NESF’s total installed net capacity to 979MW. The two assets are a 210MW solar project located in Santarém, Portugal (known as Santarém), and a 50MW […]

Sectors
15 Mar 2024

Scottish Mortgage to make at least £1bn available for buybacks

Scottish Mortgage (SMT) has announced that its board has taken the decision to make at least £1bn available for buybacks over the next two years. The trust says that its public and private portfolio is delivering strong operational results, with free cashflow from the portfolio companies having more than doubled over the past year, and […]

Sectors
15 Mar 2024
coffee cup and milk jug on chequered cloth in black and white

QuotedData’s morning briefing 15 March 2024 – DGI9, AJOT, PSDL, HLCL

In QuotedData’s morning briefing 15 March 2024: Digital 9 Infrastructure (DGI9) has announced that its much publicised sale of Verne Global to funds managed by Ardian France SA for up to US$575m (approximately £450m) has completed. The sale price is variable as there is an earn out feature built in that could enhance the price […]

Sectors
Companies
14 Mar 2024

Henderson to merge its two European trusts

The boards of Henderson European Focus Trust (HEFT) and Henderson EuroTrust (HNE) have signed Heads of Terms in respect of a proposed merger of interests to form Henderson European Trust plc. HNE is being folded into HEFT using a s110 scheme. The City Code on Takeovers and Mergers is not expected to apply to the proposals. The combined […]

14 Mar 2024
54 Hagley Road, Birmingham

abrdn Property Income board rejects SHED offer

The board of abrdn Property Income Trust (API) has said it would not recommend the Urban Logistics REIT (SHED) proposed bid or new proposal (see details below) for the company on the current terms, reaffirming its recommendation of the Custodian Property Income REIT (CREI) bid. SHED has until the close of play on Friday (15 […]

Sectors
Companies
14 Mar 2024
the words oakley capital investments set against a purple background 230309 oci 2022

Oakley Capital Investments makes solid progress in 2023

Oakley Capital Investments has published results for the 12 months ended 31 December 2023. They show that the fund produced an NAV return of 4% for the year, matching the return on the All-Share Index. However, a narrowing discount meant that the return to shareholders was 18%. The dividend for the year is 4.5p. Once […]

14 Mar 2024
an end of track sign at the end of a railway

GCP Asset Backed Income will recommend discontinuation

The GCP Asset Backed Income board has been talking to shareholders about the way forward for the company. Feedback on the future strategic direction came from shareholders representing a majority of the total voting rights in the company. Whilst differing views have been expressed by shareholders, a majority indicated a preference for an orderly realisation or […]

14 Mar 2024
a man climbing wooden stairs at the fushimi inari temple in Japan, surrounded by red torii gates

Another great year for AVI Japan Opportunities

AVI Japan Opportunity’s results for 2023 show it continuing to pull ahead of its benchmark. For the 12 month period ended 31 December 2023, AVI Japan Opportunity generated an NAV total return of 15.8% and a share price total return of 14.8%, both well ahead of the 6.9% return on the MSCI Japan Small Cap […]

Sectors
14 Mar 2024
230316 atr

Great stockpicking boosts Schroder Asia Total Return

Schroder Asian Total Return has published its final results for the year ended 31 December 2023. Returns were good, with a NAV total return of 8.8% coming in well ahead of the 1.3% return posted by the MSCI All Countries Asia ex Japan Index. Shareholders got a return of 10.3%, helped by a narrowing discount. […]

14 Mar 2024
a radio microphone in front of a blurred screen

QuotedData’s morning briefing 14 March 2024 – FCSS, ACIC, TIGT, STS, PHI

In QuotedData’s morning briefing 14 March 2024: Fidelity China (FCSS)  is expanding by £126.6m as it issues 59m shares to abrdn China shareholders in connection with the merger of the two companies. Each abrdn China (ACIC) share rolling into Fidelity China will be exchanged for 2.06481 Fidelity China shares (although each shareholder’s total position will […]

Companies
13 Mar 2024

Allianz Technology Trust returns more than 40% in 2023

Allianz Technology Trust (ATT) has released its annual results for the 12 months ending 31 December 2023. Over the 12 month period ATT generated a NAV total return of 46.4%, and share price total return of 44.5%. Both slightly underperformed its benchmark, the Dow Jones World Technology Index, which retuned 48.2%. ATT attributes this underperformance […]

Sectors
13 Mar 2024
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 13 March 2024 – AEIT, UEM, SSIT, SUPR, CREI

In QuotedData’s morning briefing 13 March 2024: Asian Energy Impact Trust (AEIT) has released its NAV for the period ending 31 December 2023. It reported a NAV per share of 48.5 cents per share, down from 50.4 cents as of 30 September 2023. This is represents a total NAV of $85.0m. NAV movements are attributed […]

Companies
12 Mar 2024
solar panels in the sun with the text '10 years' superimposed and a picture of a site visit to a solar farm inside the zero

Higher rates impact on Foresight Solar NAV

Foresight Solar Fund has published results for the year ended 31 December 2023. The highlights are: Net Asset Value (NAV) of £697.9m or 118.4p per share, down from £771.5m or 126.5p Higher discount rates (used to value the fund’s future cash flows to calculate the NAV) took 6.8p off the NAV – the discount rate […]

12 Mar 2024
a wind turbine viewed from its base

TRIG sells a windfarm for 15% more than its previous valuation

The Renewables Infrastructure Group (TRIG) says that it has exchanged contracts for the sale of its 100% equity interest in Pallas, an onshore wind farm located in the Republic of Ireland, for a consideration of €62m. The proceeds from the sale represent a 15% premium to the last published valuation as at 31 December 2023. The […]

More News

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…