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).
Henderson Alternative Strategies (HAST) has released the following update: “In our interim results for the half-year to 30 September 2019, we reported that Alex Barr, the senior portfolio manager of the company, had undertaken a root-and-branch review of the portfolio and our company’s competitive positioning. In addition, he had been meeting shareholders and listening to […]
In QuotedData’s other news 16 January 2020 – Bankers Investment Trust (BNKR) has reported annual results to 31 October 2019 with the global sector company delivering a total NAV return of 12.1% (the benchmark FTSE World Index returned 11.7%). BNKR’s chair, Sue Inglis, noted the following in her outlook statement: “Global economic growth remains positive, […]
Scottish Mortgage (SMT) has raised further borrowings of £188m in long-term, fixed rate, senior, unsecured private placement notes, denominated in a mixture of Sterling and Euros. SMT says the transaction has provided it with further long-term financing at very attractive rates. The new notes are part of SMT’s existing gearing facilities and represent the third set […]
GCP Asset Backed Income (GABI), which invests in asset backed loans, has this morning announced that it has entered into an agreement with Royal Bank of Scotland International in respect of an increase to the revolving credit facility for an amount of £50m, split as £40m maturing in August 2020 (plus a 12-month extension option, […]
In QuotedData’s other news 15 January 2020 Standard Life Private Equity said that Peter McKellar, global head of private markets at Aberdeen Standard Investments, the investment manager, bought £500,000 worth of shares in the company – a massive vote of confidence we think, and taking advantage of the discount that the shares trade on. Chenavari Toro […]
Jupiter Emerging and Frontier celebrates good year – Jupiter Emerging and Frontier Markets has published results for the year ended 30 September 2019. The share price and NAV total returns were +4.0% and +10.5%, respectively. This compares with a total return of +3.7% for the benchmark, the MSCI Emerging Markets Index. The dividend was increased […]
London property developer Helical has let the final floor of The Tower office scheme, near Old Street, taking the building to 100% let. Brilliant Basics, an Infosys Company and existing occupier, has taken the 11,331 sq ft 15th floor on a five-year lease, taking its total footprint to 40,479 sq ft across four floors as […]
The PRS REIT has provided an update for the three months to the end of December 2019 during which it completed 256 new rental homes bringing its total portfolio to 1,617 homes. The new homes will contribute £2.6m per year to the company’s rental income, increasing its annualised rental income to £14.9m. The group said demand […]
In QuotedData’s other news 14 January 2020 – Primary Health Properties (PHP) has announced board changes, noting a board of six, consisting of four independent non-executive directors and two executive directors is the appropriate size for PHP going forward, given the relative simplicity of the business model. Accordingly, a replacement for Helen Mahy, whose decision to […]
Macau Property Opportunities (MPO) has provided an update covering the six month period to 30 September 2019. Over the period, shareholders voted to extend the company’s lifespan by one year until the next continuation vote in November 2020, in order to enable an orderly ongoing divestment process. Revised fee structures for the manager and the administrator […]
In QuotedData’s other news 13 January 2020 – US Solar Fund (USF) has announced the acquisition of 100% of the cash equity interests in three operating utility-scale solar power projects totalling approximately 11MWDC in North Carolina. Including the financial close of the five projects announced on 2 January, USF has now closed all eight projects of […]
Assura, the investor and developer of primary care property, announced a trading update for the third quarter ending 31 December 2019 in which it made six acquisitions and completed its third development of the year. The company now has a portfolio of 563 properties that produces an annual rent roll of £105.8m. The six acquisitions competed […]
RDI REIT (RDI) says letting activity has been positive and it is continuing to make progress with its strategic disposal programme. The company’s CEO, Mike Watters, noted: “Our asset management team has delivered a number of letting successes, reflecting our ongoing focus on maximising the potential of our core portfolio. Within our non-core portfolio, we are […]
Hipgnosis Songs (SONG) has this morning announced that it has invested £214m of the proceeds of its C share fundraising from October 2019, representing around 95% of the net proceeds of the fundraise. SONG intends to convert the C shares (Ticker: SONC) into Ordinary Shares (Ticker: SONG) with the conversion ratio expected to be announced on […]
Biotech Growth tops bio-trust league with 47% NAV rise – Orbimed-managed Biotech Growth Trust (BIOG) recorded the rise 47% rise in NAV in 2019, representing the best performance of the 14 specialist biotech/pharma closed end investment vehicles monitored by Marten & Co. Biotech Growth’s rise in NAV was more than double that of the benchmark […]
Great Portland Estates has exchanged contracts to sell a central London office let to Kurt Geiger for £64.5m. The sale of 24/25 Britton Street, which is located in the City fringe area, to an overseas investor reflects a net initial yield of 4.07% and a capital value of £1,255/sq ft. It was also sold at […]
In QuotedData’s other news 10 January 2020 Ground Rents Income Fund has refinanced its debt, reducing its overall interest cost from 3.37% to 2.76%, increasing the loan to value covenant on its debt from 40% to 45% (giving it more headroom to borrow if it chooses – the current loan to value ratio is 24%) and […]
Standard Life Private Equity gets new lead manager – the board of directors has agreed with the manager to some changes in the investment team looking after this trust. Alan Gauld will become the lead manager with immediate effect. Alan has been part of the team responsible for the company since 2017. He has been a […]
Emile Haynie catalogue latest for Hipgnosis – Another day, another catalogue acquisition by Hipgnosis Songs Fund. Today it is the turn of Emile Haynie, “an award-winning American producer who has collaborated on some of the most iconic hip hop and pop albums of all time“. In 2009 and 2010, Emile Hayne collaborated as an executive producer […]
Stephen Anness takes on Perpetual Global Equity – Invesco Perpetual Select Trust says that Stephen Anness has taken on the responsibility as lead manager for its Global Equity Income portfolio. Based in Henley, Stephen joined Invesco in 2002 to work in the UK equities team and moved on to manage global equity portfolios in 2012. Stephen now […]
In QuotedData’s other news 8 January 2020 – Invesco Perpetual Select (IVPG) announced a manager change with Stephen Anness taking on the responsibility as lead manager for the company’s global equity income portfolio. The company noted that Stephen joined Invesco in 2002 to work in the UK equities team and moved on to manage global equity […]
CLS Holdings, the UK, France and Germany focused property company, has exchanged contracts to acquire an office building in Staines for £19m. It has bought ‘TWENTY’ Kingston Road, which comprises 44,230 sq ft of grade A, multi-let office space, for a net initial yield of 5.3%. The asset is currently let to four tenants with a WAULT […]
Real Estate Investors (RLE) has released a trading update with CEO Paul Bassi, commenting, “Despite high levels of economic and political uncertainty creating a relatively static market in 2019, we have increased our revenues and covered our dividend payments, with contracted rents rising to £17.66m, up 3.85% over the year. Looking ahead into 2020, we anticipate […]
FastForward Innovations (FFWD) invests in disruptive high growth technology and life sciences businesses. The company has this morning announced that it has completed the sale of its entire holding of debentures in Canada’s Cryptologic (formerly Vogogo) for around C$1.5m. Cryptologic seeks cannabis pivot As per announcements made by Cryptologic in August and September of 2019, Cryptologic, is seeking to […]
In QuotedData’s other news 7 January 2020 Standard Life Investments Property Income Trust (SLIPIT) has completed the sale of a single let office building in Staines. The 26,300 square foot building was sold for a net price of £10.7m, reflecting an equivalent yield of 5.7%. The property had recently been relet after SLIPIT took a surrender […]
Triple Point Social Housing adds 4 supported living properties – Triple Point Social Housing (SOHO) has completed the acquisition of 4 supported housing properties, totalling 41 units in total, for around £6.3m (excluding costs). The properties are located in Yorkshire (35 units) and the East of England (6 units). The company has entered into new full […]
Hipgnosis Songs (SONG) has acquired a music catalogue from Tom DeLonge, an American musician, singer, songwriter, producer, and co-founder of one of the millennium’s most popular bands, Blink-182. SONG has acquired 100% of Tom DeLonge’s copyrights on this catalogue which consists of 157 songs. Tom DeLonge achieved great success as guitarist and vocalist of pop punk […]
In QuotedData’s other news 6 January 2020 – Global-focused Witan (WTAN) Witan has introduced a revised performance benchmark with effect from January 2020. The benchmark is now 15% UK equities and 85% Global equities. The effective UK benchmark weight will be approximately 19% since, in addition to the specified 15% in the UK, the global […]
Urban Logistics REIT (SHED) has provided an update on its pipeline of acquisitions. SHED says that its manager, Pacific Capital Partners Limited, has significant experience in sourcing quality properties off-market with opportunities for significant value creation. It constantly reviews the market for potential investment opportunities and has identified a large pipeline of high-quality logistics properties […]
Sirius Real Estate (SRE), which operates business parks providing conventional and flexible workspace across Germany, has completed the acquisition of two business parks for total of €33.4m. The company has bought Neuss II, a business park near Düsseldorf, and Neuruppin business park, in the Brandenburg region, reflecting an aggregate EPRA net initial yield of 6.8%. […]
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