Octopus Renewables Infrastructure Trust has released results for the 12 months ended 31 December 2024. The NAV total return for the year was 2.5%, but the share price fell from 90p to 68p. The dividend rose by 4% to 6.02p, in line with UK inflation (CPI). The target dividend for FY 2025 is up by […]
In QuotedData’s morning briefing 27 March 2025: STS Global Income & Growth (STS) says that, with effect from 1st May 2025, Tomasz Boniek will become its co-manager, working alongside James Harries. Tomasz joined Troy’s investment team eight years ago and has been an assistant fund manager for STS Global Income and Growth since Troy’s appointment […]
Henderson High Income Trust (HHI) has announced a reduction in its management fee, effective from 1 January 2025. The trust’s board and manager have agreed to revise the existing fee structure in a move that should be welcomed by shareholders. Under the new terms, HHI will pay a flat management fee of 0.45% per annum […]
Achilles Investment Company Limited has announced that Waverton Investment Management, TR Property Investment Trust and Harwood Capital collectively managing shares representing approximately 8.8% of the issued share capital of Urban Logistics REIT, intend to serve a requisition on the company to convene an extraordinary general meeting. The purpose of this meeting is to propose: The […]
EPE Special Opportunities (ESO) has announced its annual results for the year ended 31 January 2025. The company’s NAV rose by 1%, although shares fell 10%, driven by increasing market volatility. The company has continued to prioritise liquidity during the ongoing challenging economic environment. It had cash balances of £11.9m as at 31 January 2025, […]
Downing Renewables & Infrastructure (DORE) has announced its annual report for the financial year ended 31 December 2024. Despite strong return on capital deployed, during the year the NAV per ordinary share decreased marginally by 0.8% from 117.7 pence at 31 December 2023 to 116.7 pence at 31 December 2024. The reduction in NAV was […]
The Schiehallion Fund (MNTN) has announced its annual results for the year ended 31 January 2025. The company delivered a NAV total return of 12.9% and share price returned 51.0%. The share price discount to NAV narrowed from 39.6% to 19.2%. Since launch on 27 March 2019 to 31 January 2025, the company has delivered […]
abrdn Asian Income Fund (AAIF) has announced its annual results for the year end 31 December 2024. The company delivered a share price total return of 12.0% and a NAV total return of 10.8%, slightly behind the benchmark which returned 12.6%. The company also saw a 22.8% increase in the dividend for the year, providing […]
The Renewables Infrastructure Group (TRIG) has announced an update to its investment management agreement and the introduction of a continuation vote. Management fee arrangements Further to the announcement of 25 February, and after extensive consultation with a broad range of the company’s shareholders, the board has agreed with its managers, InfraRed Capital Partners and Renewable […]
Schroder UK Mid Cap Fund (SCP) has announced a number of strategic initiatives, including a management fee reduction, continuation vote and buyback policy designed to further strengthen the company’s investment proposition and deliver value for all of its shareholders. Management fee reduction The board has agreed a management fee reduction with Schroder Unit Trusts Limited. […]
In QuotedData’s morning briefing 26 March 2025: CT UK High Income Trust (CTUK) has announced a fourth quarter dividend in respect of the financial year to 31 March 2025 of 1.74 pence per ordinary share. This dividend will be paid on 2 May 2025 with an ex-dividend date of 3 April 2025. A fourth quarter […]
Harmony Energy Income Trust (HEIT) has agreed terms for a recommended cash offer from Drax Bidco, a wholly owned subsidiary of Drax Group Plc (DRX), which values HEIT at approximately £199.9m. The offer will be implemented by way of a scheme of arrangement and provides shareholders with 88p per share in cash. The offer represents […]
Middlefield Canadian Income announced its annual results for the year ended 31 December 2024. The company delivered very good relative performance in 2024. MCT delivered shareholder total returns of 20.6% and a NAV total return of 15.1%, both of which comfortably outperformed the benchmark total return of 7.6%. Financials, Energy, and Utilities were all positive […]
BioPharma Credit (BPCR) announced its annual results for the year end 31 December 2024. The company generated net income per share of 9.99 cents and paid 10.18 cents in dividends, 3 cents above target. It reported net income return from ordinary activities of $122m. On 31 December 2024, the company’s shares closed at a share […]
SEGRO has announced plans to develop a £1bn data centre at Park Royal in west London. The company has formed a joint venture with Pure Data Centres Group, owned by Oaktree, to finance the development of a 56MW scheme. It said that it expects to pre-let the 30,000 sqm, three-storey building to a hyperscaler. Gross capital […]
Regional REIT’s annual results for 2024 highlighted both the severe headwinds the company is facing and the early effects of the turnaround strategy it has put in place. The numbers do not make for easy reading, with the EPRA net tangible assets (NTA) down just over 40% to 210.2p per share from its restated 2023 […]
Blackstone has made a final indicative all cash bid to the board of Warehouse REIT of 115.0 pence per share, valuing the company at £489m. This follows a proposal for the company of 110.5 pence in early March made by Blackstone and fellow US private equity company Sixth Street. The new indicative offer (which has […]
In QuotedData’s morning briefing 25 March 2025: Rights and Issues Investment Trust (RIII) has announced that its board has decided to withdraw resolution 10, the authority to buy back shares, from the business of the company’s annual general meeting held on 24 March 2025 and therefore the share repurchase programme announced on 31 July 2024 […]
Herald Investment Trust (HRI) has announced that shareholders have voted overwhelmingly in favour of the trust’s continuation at its AGM today. Resolution 11, the continuation vote, was passed with a significant majority, further underlining support for the board and its strategy. Crucially, if votes believed by the board to have been cast by or on […]
Social Housing REIT (SOHO) has published its audited results for the year ended 31 December 2024, marking a year of operational resilience amidst challenges with certain tenants, as well as a major strategic transition with the appointment of Atrato Partners as its new investment manager from 1 January 2025. Resilient performance despite headwinds Despite issues […]
Great Portland Estates (GPE) has acquired the freehold of One Chapel Place, W1, through the purchase of Cypress Dynasty Limited, in a deal valuing the property at £56.0m (£985 per sq ft on proposed net internal area), reflecting a net initial yield of 4.4%. The 34,230 sq ft West End office building is fully let […]
Oakley Capital Investments Limited (OCI) has announced a significant update to its capital allocation strategy that will see it stop paying a dividend and effective 2025, in favour of focusing exclusively on share buybacks. It has also announced a large new fund commitment to Oakley Capital Fund VI. £20m minimum annual buyback introduced and dividend […]
VietNam Holding (VNH) has released its interim results for the six months to 31 December 2024, delivering a period of solid performance marked by NAV growth, a successful redemption event, a narrowing discount, and a clutch of industry awards. The trust continues to benefit from a supportive Vietnamese macroeconomic backdrop and focused portfolio management. NAV […]
Lindsell Train Investment Trust (LTI) has announced the partial disposal of its holding in Lindsell Train Limited (LTL), the boutique fund management firm it co-founded and remains heavily invested in. According to an update released this morning, LTI has agreed to sell 32 shares in LTL to executive employees of the company. The shares are […]
In QuotedData’s morning briefing 24 March 2025: New Star (NSI) has published its interim results for the six months to 31 December 2024, during which it generated a modest share price total return of 0.41%. NSI’s NAV per share fell slightly to 169.19p following dividends and a £17m capital return via a B share redemption […]
Britain has many good quality, growing companies, but investors have been ignoring them as they fixate on the dominant US mega caps. That’s left valuations close to low points and trusts focused on this area trading on wider than normal discounts. Baillie Gifford UK Growth Trust (BGUK) is a good example of this. As with […]
Temple Bar Investment Trust (TMPL) has announced impressive results for the year ended 31 December 2024, delivering a net asset value (NAV) total return of 19.9%, comfortably outperforming its All-Share benchmark, which it says returned 9.5%. The share price total return was 19.1%, reflecting a modest narrowing of the discount to NAV, which stood at […]
Literacy Capital (BOOK) has released its final results for the year to 31 December 2024. The private equity investment trust, which focuses on direct investments in smaller, privately owned UK businesses, reported a 1.5% decline in NAV per share over the year, closing at 492.8p. Including the impact of a post-period bolt-on acquisition by portfolio […]
JPMorgan Claverhouse Investment Trust (JCH) has reported annual results for the year ended 31 December 2024, delivering a solid net asset value (NAV) total return of 9.2% (with debt at fair value). While marginally behind that of its All-Share Index benchmark, which JCH says returned 9.4%, the portfolio performed in line with broader UK equity […]
Dean Buckley, Chair and Craig Baker, Chair of the Investment Committee Alliance Witan are pleased to share their annual results for the year ending 31 December 2024. This has been a landmark year for the Company, marked by their promotion to the FTSE 100 following the successful combination with Witan.
