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).

10 Nov 2023
a paper, a criossant and a mug of something 230601 morning 3

QuotedData’s morning briefing 10 November 2023 – FEML

In QuotedData’s morning briefing 10 November 2023: Fidelity Emerging Markets (FEML) has announced a correction to the dividend rate detailed in its annual report (in both the financial highlights and the chairman’s statement). The dividend rate is 19 cents per participating preference share and not 0.19 cents per participating preference share. All other details remain […]

Sectors
09 Nov 2023
inside a forest of moss covered trees

Foresight Sustainable Forestry update notes widening discount

Foresight Sustainable Forestry has updated on progress over the six months ended 30 September 2023. The board says that it is disappointed to see the share price trade at a discount to NAV. Together with the investment manager it says that it is: Reviewing planting and harvesting timetables to optimise cash flows. Advancing non-core asset […]

Sectors
09 Nov 2023
blurry view of a family in a park with Singapore's Marina Bay Sands hotel in the distance

Schroder Oriental Income beats benchmark but held back by strong pound

Schroder Oriental Income Fund has published its annual report and accounts for the year ended 31 August 2023. The trust’s NAV total return for the full financial year was -3.5%, with a similar return from the share price. This did represent outperformance of the benchmark index, the MSCI AC Pacific ex Japan in sterling terms, […]

Sectors
09 Nov 2023
an open laptop with the Bizongo logo displayed sitting in front of a pattern of blue squares and triangles on a white background

Schroder Cap Global Innovation backs Bizongo

Schroders Capital Global Innovation Trust has made an investment of $8.0m in an India-based vendor digitisation company, Bizongo. This investment formed part of the company’s $50.0m Series E funding round that was led by Schroders Capital with participation from other investors including IFC, BCap, Chiratae Ventures, and British International Investment. What is vendor digitisation? I […]

09 Nov 2023
Downing Strategic Micro says underlying discount growing

Downing Strategic will commence managed wind down

The board and manager of Downing Strategic Micro-Cap have decided that, with the continuing negative sentiment towards smaller companies and small investment trusts, it is timely to begin a managed wind-down of the company, with the intention to make the first return to shareholders of at least 20% of capital in early 2024. This will […]

09 Nov 2023
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 9 November 2023 – MUT, JZCP, HOT, DGN, AEI, HOME, RGL, SHED

In QuotedData’s morning briefing 9 November 2023: Murray Income says it will pay three interim dividends of 9.5p in December, March 2024 and June 2024. Up from 8.25p for the previous financial year. The directors are trying to rebalance the trust’s quarterly dividends in order to accelerate payments to shareholders. As a result, the board […]

Companies
08 Nov 2023
european opportunities trust plc written in white text against a view of sky surrounded by glass office towers

European Opportunities Trust responds to Saba Capital Management

European Opportunities Trust has responded to a letter published by Saba Capital Management regarding its opposition to EOT’s proposed tender offer. The board believes that the 50% tender offer suggested by Saba would not be in the best interests of the majority of shareholders and affirms its position in recommending that a 25% tender offer […]

Sectors
08 Nov 2023
221202 QD View - Europe recession

Impressive returns for BlackRock Greater Europe

BlackRock Greater Europe Investment Trust (BRGE) announced its annual results for the 12 months to 31 August. The company’s NAV returned 19.2% and the share price return was 17.1%, in comparison to the benchmark FTSE World Europe ex UK Index which returned 15.8% over the same period. As at 31 August 2023, the company’s NAV […]

Sectors
08 Nov 2023
230526 reit mergers

UK Commercial Property REIT in merger discussions with Picton Property

UK Commercial Property REIT (UKCM) has announced that it is in discussions with Picton Property Income (PCTN) in relation to a possible all-share merger. PCTN’s board has made the proposal to UKCM, with the merger discussions centring on an EPRA net tangible asset (NTA) for EPRA NTA basis. PCTN said the possible combined company would […]

Sectors
08 Nov 2023
a paper, a criossant and a mug of something 230601 morning 3

QuotedData’s morning briefing 8 November 2023 – HGT

In QuotedData’s morning briefing 8 November 2023: HgCapital Trust (HGT) announced its results for the three months ended September 30 2023. The company saw a total NAV increase of 4.8% to £2.3 billion. Share price total return was 5.4%, well ahead of its benchmark FTSE All-Share Total Return Index which returned 1.76%. The company also […]

07 Nov 2023
Baillie Gifford UK Growth Trust BGUK

Fidelity Special Values outperforms despite small-cap bias

Fidelity Special Values (FSV) announced its final results for the year with a NAV total return of 5.9% and a 5.6% share price total return against a Benchmark return of 5.2%. The company’s overweight  to banks was the largest contributor to performance with the advisor noting that while the performance may look unremarkable at face […]

Sectors
07 Nov 2023

Strong year of out performance for Scottish Oriental Smaller Companies

Scottish Oriental Smaller Companies (SST)  announced its annual results for the year ended 31 August 2023. NAV total return was 6.5%, well ahead of the MSCI AC Asia ex Japan Small Cap Index which was up 1.8% and the broader MSCI AC Asia Ex Japan Index, which fell 8.4% Shares were up 8.4%. The largest contributors […]

Sectors
07 Nov 2023
3i Infrastructure moves tax residence to the UK

Continued growth for 3IN

3i Infrastructure (3IN) has announced its results for the six months to 30 September 2023. The company generated a total return of 6.3% on opening NAV for the first half of the year, ahead of the target return of 8% to 10% per annum. The portfolio overall is performing robustly and ahead of expectations. During […]

Sectors
07 Nov 2023

Another steady year for International Biotechnology

International Biotechnology Trust (IBT) announced its results for the year ended 31 August 2023. The share price total return rose by 3% over the financial year to the end of August 2023, while the benchmark NASDAQ Biotechnology Index (NBI) fell by 1.4% over the same period. The company’s Net Asset Value rose by 2.7%. Most of […]

Sectors
07 Nov 2023

QuotedData’s morning briefing 7 November 2023 – RSE, SONG

In QuotedData’s morning briefing 7 November 2023: Riverstone Energy Limited (RSE) announced that Hammerhead Energy Inc has finalised the sale of Hammerhead to Crescent Point Energy Corp, a Calgary based energy company, for an enterprise value of C$2.55 billion. RSE invested in Hammerhead, alongside Riverstone Global Energy and Power Fund V, holding approximately 15.5 million […]

06 Nov 2023
Hipgnosis Songs Fund: SONG

SONG’s dividend remains suspended

In the aftermath of its failed continuation vote, the board of Hipgnosis Songs Fund (SONG) has provided clarity around the status of its dividend. Having undertaken a review of the SONG’s financial position, the board has determined that it will not declare dividends before the new financial year. The operating cash flow will instead be […]

Sectors
06 Nov 2023
a coffee pot and a mug, good morning from QuotedData

QuotedData’s morning briefing 6 November 2023 – RCOI, EOT, TFG, INOV, HOME

In QuotedData’s morning briefing 06 November 2023: Riverstone Credit Opportunities (RCOI) has announced that it has entered into an agreement with Breakwall Capital to provide sub-management services for all credit vehicles managed by Riverstone, including RCOI. Breakwall is a newly formed independent asset management firm expected to be regulated by the SEC, the US financial […]

03 Nov 2023

QD view – The curious case of abrdn Diversified Income and Growth

abrdn Diversified Income and Growth (ADIG) has endured a tough run over the last few years. The trust invests in a broad range of assets – a total of 130 investments at the end of September 2023, all of which are funds – that includes exposure to private assets (58.9% – which includes unlisted alternatives, […]

Sectors
03 Nov 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 3rd November 2023

Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • RTW / Arix  (0:47) Andrew McHattie picked up on the positive reaction from markets in response to the Bank of England holding interest rates, […]

Sectors
03 Nov 2023

Asia Dragon Trust weighed down by China exposure

Asia Dragon Trust (DGN) has announced its annual results for the year ended 31 August 2023. During the year, DGN provided NAV and share price total returns of -16.7% and -19.5% respectively while its benchmark, the MSCI Asia ex Japan Index, returned -8.4% on a comparable basis (all in sterling terms). Much of DGN’s underperformance […]

Sectors
03 Nov 2023

Troy Income & Growth suspends DCM with merger on the cards

Troy Income & Growth (TIGT) has announced that it is now very close to (i) fully utilising its existing authority to repurchase shares; and (ii) depleting its distributable reserves, which are required to effect buybacks under its discount control mechanism (DCM). It has also said that its board is currently exploring possible options for a […]

03 Nov 2023
a coffee cup next to an alarm clock

QuotedData’s morning briefing 3 November 2023 – INOV

In QuotedData’s morning briefing 3 November 2023: Schroders Capital Global Innovation (INOV) has made an investment in US-based cybersecurity company, Securiti which it describes as “the pioneer of the Data Command Center, a centralized platform that enables the safe use of data and GenAI”. Its platform unifies controls for data security, privacy, governance and compliance […]

Sectors
02 Nov 2023
Augmentum's logo against a white background

Augmentum updates on three investments – Tide, Zopa and Iwoca

Augmentum Fintech notes successful fundraising developments at three of its portfolio companies: Tide, Zopa Bank and iwoca. Tide Augmentum Fintech has invested a further £4.2m in Tide, (www.tide.co, 14.1% of portfolio), the business banking platform. Tide announced on 20 September that it has reached 10% market share of all UK small businesses, with more than […]

Sectors
02 Nov 2023
norkiring's blue and green wave like logo set against a black background

Cordiant Digital buys Belgian towers

Cordiant Digital Infrastructure Limited (the “Company” or “CORD”), an operationally focused specialist digital infrastructure investor, is pleased to announce it has agreed to acquire Norkring België NV (“Norkring”), which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a […]

Sectors
02 Nov 2023
Henderson International Income held back by US underweight

Henderson International Income dips into reserves to maintain dividend track record

Henderson International Income has reported results for the 12 months ended 31 August 2023. The trust delivered modest NAV underperformance versus its MSCI All Countries World Index ex UK High Dividend Yield Index benchmark, returning 1.4% to the benchmark’s 2.3%. The return to shareholders was -1.9%. The dividend was upped by 3.0% from 7.25p to […]

Sectors
02 Nov 2023
mount fuji behind an autumnal forest behind a lake

Woes pile up for Baillie Gifford Japan, better year for growth needed

Over the year to 31 August 2023, Baillie Gifford Japan’s NAV total return was -5.4%, well behind the 6.7% total return from the TOPIX index. The trust now lags its benchmark by a considerable margin over five years. A slight narrowing of the discount meant that the return to shareholders was -4.0%. This was helped […]

02 Nov 2023
two hands cradle a coffee cup with a feathered patter on top, both rest on a newspaper, a pen and a pair of glasses are also on the paper

QuotedData’s morning briefing 2 November 2023 – BPCR, MNTN, PHP, AIRE, ESP

In QuotedData’s morning briefing 2 November 2023: BioPharma Credit (BPCR) reports news of resignations at LumiraDX – Ron Zwanziger, (CEO and chairman), David Scott, PhD, (chief technology officer and director), and Jerry McAleer, PhD, (chief scientist and director) have all resigned, each citing the need “to preserve his flexibility to explore all available options” as […]

01 Nov 2023

RTW Biotech Opportunities to acquire Arix Bioscience

RTW Biotech Opportunities (RTW) has announced that it will acquire Arix Bioscience. The transaction is expected to deliver RTW with an expected pro-forma net asset value of approximately $550 million, an increase of 63% The deal will enhance RTW’s profile, provide increased liquidity potential, a more efficient cost base, and a re-rating opportunity. Arix shareholders […]

Sectors
01 Nov 2023
a green cup sits on a pile of books

QuotedData’s morning briefing 1 November 2023 – VEIL, BPCR, TLEI, THRL

In QuotedData’s morning briefing 1 November 2023: Vietnam Enterprise Investments Limited (VEIL) has announced that Mr. Gordon Lawson will step down as chair of the company and resign from the board, both effective 30 June 2024. Mr. Lawson has served as an independent non-executive director of VEIL since July 2014, and as chair since 2022. […]

Companies
31 Oct 2023
230303 ORIT Breach Solar Farm

USF provides update on strategic review

US Solar Fund (USF) has provided an update on its previously announced strategic review. Having reviewed the available options as part of this strategic review, the company considered proposals in relation to: (i) a sale of its portfolio of assets and return of funds to shareholders; (ii) a sale of the entire issued, and to […]

Sectors
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…