Schroder BSC targets £26m fundraise – Schroder BSC Social Impact Trust announced on 28 August 2021 that it intended to consult with investors regarding the potential for an equity issue. The board is now announcing that it is proposing to issue up to 25m new ordinary shares by way of a placing at 105p per […]

Round Hill deal with Supertramp – Round Hill Music Royalty Fund has entered into a long-term agreement to administer 100% of the neighbouring rights income, generated from the master recordings, of three long-standing members of the British rock group, Supertramp. The catalogue includes: 39 original recordings. Numerous timeless hits such as “The Logical Song”, “Take the […]

In QuotedData’s morning briefing 2 November 2021: VH Global Sustainable Energy Opportunities (GSEO) says it has invested £30m of the £78m it committed to fund innovative net zero flexible power generation projects in the UK. The initial tranche will fund the construction of one project in Nottinghamshire, UK, consisting of a 10MW high efficiency combined […]

Land Securities (LAND) has agreed terms of a recommended all cash offer for U and I Group (UAI), valuing the company at £190m. Under the terms of the acquisition, UAI shareholders will be entitled to receive 149p per share, which is a mammoth 73% premium to the closing price of 86.0p on 29 October 2021. […]

Fidelity Emerging Markets posts first results under new manager – Fidelity Emerging Markets (FEML) has posted its annual results for the year to 30 June 2021, and its inaugural results under the management of Fidelity, having previously been run by Genesis Investment Management. During the twelve months under review, the NAV increased by 23.1% in […]

Alliance Trust resets its dividend after review – Alliance Trust (ATST) has concluded its review of the level and funding of its dividend, as announced in its last interim report. As a result, the board believes that an increased, but still sustainable, level of dividend will benefit existing shareholders and enhance the attractiveness of ATST’s […]

Tough year for International Biotechnology but confidence remains – International Biotechnology (IBT) has published its annual results for the year to 31 August 2021. During this time, the company’s NAV per share and share price returned 9.8% and 3.8% respectively whilst the Nasdaq Biotechnology Index returned 22.8%. The board said while this is a disappointing […]

In QuotedData’s morning briefing 1 November 2021: Murray Income (MUT) has entered into a three-year multi-currency revolving credit facility of £50m with The Bank of Nova Scotia, London Branch, which replaces the Company’s £20m facility with Scotiabank Europe PLC. Under its terms, MUT has the option to increase the level of the commitment to £70m […]

Alinda Capital Infrastructure has published its prospectus You can access the prospectus here Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that you read the prospectus including the risk warnings before making an […]

African real estate investor Grit Real Estate announced full year results to the end of June 2021, with a 12.6% drop in net asset value (NAV). EPRA net reinstatement value (NRV – the group’s EPRA equivalent for NAV) per share contracted to $1.024 (2020: $1.171). The reduction was principally as a result of a decrease […]

Asia Dragon outperforms during volatile year for Asian markets – Asia Dragon (DGN) has posted its annual results for the year to 31 August 2021. During the period, its NAV rose by 20.5%, well ahead of its benchmark, the MSCI Asia ex Japan Index, which increased by 14.7% on a comparable basis. The share price […]

Henderson Far East Income celebrates 15 years of annual increasing dividends despite China hit – Henderson Far East Income (HFEL) has posted its annual report for the year to 31 August 2021. It was a tough 12 months for the trust which saw its NAV rise by 7.2%, behind the FTSE All-World Asia Pacific ex […]

Foresight Sustainable Forestry prospectus has been published. You can access this here Application forms are towards the back of the document. Access to the IPO is restricted by geography. In particular, you should not be accessing this from the USA. Please ensure that you read the prospectus including the risk warnings before making an investment. FSFC : […]

In QuotedData’s morning briefing 29 October 2021: EP Global Opportunities (EPG) has announced further details of its tender offer, first announced earlier this week. The board has proposed that the tender will be for up to 20% of the shares of the company and will be at a discount of 2% to net asset value […]

CQS Natural Resources Growth & Income shoots the lights out in turnaround year – CQS Natural Resources Growth & Income (CYN) has posted its full results for the year to 30 June 2021. During the period under review, its NAV  increased by 83.1% while its share price was up by 109.6%. This compares with its […]

In QuotedData’s morning briefing 28 October 2021: Standard Life UK Smaller Companies (SLS) has changed its name to abrdn UK Smaller Companies Growth. Its ticker has changed to AUSC. Aberdeen Emerging Markets (AEMC) has changed its name to abrdn China. Its ticker has changed to ACIC. HarbourVest Global Private Equity (HVPE) has posted its results […]

In QuotedData’s morning briefing 27 October 2021: Henderson International Income (HINT) has published its annual results for the year to 31 August 2021. During the period, its NAV rose by 22.7% (debt at par) and by 23.5% (debt at fair value) while the total return on the ordinary share price was 18.5%. This figure includes […]

JPMorgan Global Emerging Markets Income Trust (JEMI) has published results covering the 12 months ended 31 July 2021. The benchmark, the MSCI Emerging Markets Index rose 13.9% over the period. However, the company’s total return on net assets was 24.6%, outperforming the benchmark by a considerable margin. The total return to shareholders was 27.8%, reflecting […]

SDCL updates on investment activity – SDCL Energy Efficiency Income Trust (SEIT) has updated investors on its recent investment and financing activity.  The LYCRA Company SEIT has made an investment commitment of c.£3m to implement, finance and own the replacement of an energy efficient chiller system at The LYCRA Company’s Singapore facility.  Construction has commenced […]

Strong returns from VinaCapital Vietnam Opportunity – VinaCapital Vietnam Opportunity Fund produced an NAV return of 65.6% and a 63.1% increase in its share price over the year ended 30 June 2021. The strong returns meant that there was a performance fee of $16.6m accrued at the end of the year.  The dividend for the year […]

In QuotedData’s morning briefing 26 October 2021: Schroder BSC Social Impact (SBSI)’s first results, covering the period from launch to 30 June 2021, show an NAV return of 6.09%. There’s a first dividend of 0.57p per share. All of the IPO proceeds have been committed and, at 30 June, two-thirds had been deployed into 23 […]

Urban Logistics REIT has announced plans to move to the premium segment of the main market of the London Stock Exchange. The directors said they believed that the market capitalisation of the company (£550m) now justifies the move and that it would provide the most appropriate market listing for the continuing growth of the company. […]

A new closed-ended investment company established to invest in a diversified portfolio of onsite renewable energy assets, Atrato Onsite Energy (which plans to trade under the ticker ROOF), has announced its intention to launch an initial public offering, targeting gross issue proceeds of £150m. This will be through the issuance of new ordinary shares by […]

EP Global Opportunities to become a self-managed trust – Following the review of its strategic direction as announced in its half-year report in June, EP Global Opportunities (EPG) has announced plans to change its management arrangements by becoming a self-managed investment trust. As a result, the board will assume overall control over the investment policy […]

In QuotedData’s morning briefing 25 October 2021: Schroder Asia Pacific (SDP) has appointed Julia Goh as an independent non-executive director, with effect from 25 October 2021. She will also be a member of the audit and risk, nomination and management engagement committees. Her 27 years of broad-based financial services experience includes being a managing director […]