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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).

31 Oct 2023

QuotedData’s morning briefing 31 October 2023 – OCI, CGT, RGL

In QuotedData’s morning briefing 31 October 2023: Oakley Capital (OCI), a leading pan-European, mid-market private equity investor, is pleased to announce that Oakley Capital Origin Fund I has agreed to acquire a majority stake in Alerce, a leading Spanish provider of transport and logistics software solutions. Origin will invest alongside Alerce’s founding family, including CEO […]

Sectors
Companies
30 Oct 2023

SBSI continues to marry NAV and income growth with its promised social benefits

Schroder BSC Social Impact Trust (SBSI) has released its results for the period ending 30 June 2023. Over this 12 month period SBSI reported a NAV total return of 0.8%. Since its inception on 22 December 2020 SBSI has returned a NAV total return of 8.6%. Key drivers of performance were an increase in returns […]

Sectors
30 Oct 2023
Tongiljeong pavilion

QD explainer – All you need to know about Korean preference shares

Five countries dominate the MSCI AC Asia Pacific ex Japan Index – China, Australia, India, Taiwan, and South Korea – collectively, accounting for over 85% of the market cap of that index. However, most of investors’ focus seems to be on China and India, Australia is usually regarded as a resource play, Taiwan’s market is […]

30 Oct 2023
230915 fight

Digital 9 Infrastructure strikes back against activists

Digital 9 Infrastructure (DGI9) published a letter sent in response to the one sent by Aqua Ventures Limited (AVL) last week, which owns 3.5% of DGI9, outlining AVL’s desire to implement an immediate strategic review of DGI9. Aqua Ventures claims to have consulted, and have the support of, 20% of DGI9’s shareholders. AVL’s letter outlined […]

Sectors
30 Oct 2023
54 Hagley Road, Birmingham

abrdn Property Income Trust makes series of lettings

abrdn Property Income Trust (API) has secured over £1.3m in annual rent through new lettings and lease renewals. In the office sector (which accounts for 18% of its portfolio by value), the company has completed a number of deals comprising: a new lease on the fourth floor at One Station Square in Bracknell, securing a […]

Sectors
30 Oct 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 30 October 2023

In QuotedData’s morning briefing 30 October 2023: Chrysalis Investments (CHRY) has provided a quarterly NAV update. The NAV for 30 September 2023 was 134.75p per share, a (1.6%) decrease since 30 June 2023. There was only one instance of portfolio activity over the quarter, a further £6.5m investment in Secret Escapes as part of a […]

27 Oct 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 27th October 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: • Greencoat UK Wind (0:25) • abrdn Diversified Income & Growth (6:40) • Hipgnosis (12:10) This week’s interview was with Richard Sem from Pantheon Infrastructure […]

Sectors
Companies
27 Oct 2023
a pair of scissors cutting a red ribbon

QD view – is there an easy fix to the sector’s discount problem?

Like me, you may have been looking at your portfolio of investment companies over the past 18 months or so and swinging between despair and puzzlement. I keep asking the question, how can so many ostensibly good companies be so out of favour? Take Greencoat UK Wind, for example, which I bought for my portfolio […]

Companies
27 Oct 2023

Apax Global Alpha announces investment in GAN Integrity

Apax Global Alpha (AGA) has announced that the Apax Global Impact Fund (AGI), in which it is a limited partner, has acquired GAN Integrity, which it describes as a leading provider of technology that enables proactive, integrated, real-time management and monitoring of third-party and employee risk, ethics and compliance. AGA says that the investment will […]

Sectors
27 Oct 2023
digital9 infrastructure logo

Digital 9 Infrastructure mulls total sale of Verne Global

Digital 9 Infrastructure (DGI9) has announced that after considering feedback received from its shareholder consultation (announced on 17 October 2023), its board is assessing the possibility of divesting the company’s entire stake in the Verne Global group of companies. DGI9’s board says that it has already received indicative offers for the entire position during the […]

Sectors
27 Oct 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 27 October 2023 – MWY

In QuotedData’s morning briefing 27 October 2023: Mid Wynd International (MWY) has announced that Mr David Kidd, its senior independent director, will become chairman of the board following the retirement of Russell Napier at conclusion of the 2024 AGM. Mr Kidd joined MWY’s board in November 2016, becoming the senior independent director in October 2022. […]

Sectors
26 Oct 2023
Hipgnosis Songs Fund: SONG

Hipgnosis Songs Fund fails continuation vote

Following its AGM and EGM, the board of Hipgnosis Songs Fund announced that the company has failed to pass its continuation resolution.  As a result, the board will put forward proposals for the reconstruction, reorganisation or winding-up of the company to shareholders for their approval within the next six months. 71.5% of those voting opposed […]

26 Oct 2023
JPMorgan Global Emerging Markets Income held back by discount widening

Decent year for JPMorgan Global Emerging Markets Income

Over the 12 month period ended 31 July 2023, JPMorgan Global Emerging Markets Income beat its benchmark by a decent margin, returning 9.2% in NAV terms and 12.6% in share price terms againsty a return of 2.5%. The company’s net revenue of £16.9m was down from £18 .1m for the prior year, in part due […]

Sectors
26 Oct 2023
headshot of Schroder Income Growth manager Sue Noffke against a green background

Schroder Income Growth digs into reserves to maintain dividend record

Schroder Income Growth has reported results for the 12 months ended 31 August 2023 NAV total return increased by 4.03% to 220.6p (31 August 2022: 211.7p), but underperformed versus the FTSE All-Share Index return of 5.2%. The discount widened to end the year at 8.9% and so the return to shareholders was -3.0%. Dividend per […]

26 Oct 2023
a wind turbine sat against a snowy landscape with a much smaller truck for scale

Greencoat UK Wind ups dividend and launches buyback

Greencoat UK Wind will increase in its annual dividend target to 10p and launch a share buyback programme of up to £100m. From admission to the London Stock Exchange on 27 March 2013 to 30 September 2023, the company has generated £1,764m of cash flow, paid £887m of dividends and reinvested £877m of excess cash […]

26 Oct 2023
headshot of Nalaka da Silva, manager of abrdn Diversified Income and Growth

abrdn Diversified Income and Growth will plow on

abrdn Diversified Income and Growth has announced the outcome of the strategic review process that started on 20 June 2023. Outcome of the strategic review As noted at the outset of the strategic review, the board has been encouraged that, in exceptionally volatile markets, Nalaka De Silva and the wider investment team have continued to […]

Sectors
26 Oct 2023
a coffee cup next to an alarm clock

QuotedData’s morning briefing 26 October 2023 – SONG, OCI

In QuotedData’s morning briefing 26 October 2023: Hipgnosis (SONG) says that Andrew Wilkinson and Paul Burger have resigned as non-executive directors of the company ahead of today’s AGM. [Expect more news later.] Oakley Capital Investments (OCI) reports that the Oakley Capital Origin Fund I has agreed to acquire a stake in Webcentral DEH, a leading […]

25 Oct 2023

Realisations continue for Crystal Amber Fund

The Crystal Amber Fund (CRS) announced its final results for the year ended 30 June 2023. Net Asset Value per share decreased by 4.6% over the period while the company also returned £37.5m to shareholders, as it goes through the realisation of its assets, bringing total returns of capital to more than £100 million. At […]

25 Oct 2023

QuotedData’s morning briefing 25 October 2023 – NBMI, RCOI, ROOF, TMI

In QuotedData’s morning briefing 25 October 2023: NB Monthly Income Fund (NBMI), which is undergoing a managed wind down, has advised that it intends to distribute to shareholders an aggregate amount of approximately £23,537,000 by way of a partial compulsory redemption of shares on 13 November 2023. Pursuant to the compulsory redemption, the company will […]

Companies
24 Oct 2023
Alliance Trust

The Big Question: Is generative AI game changing?

Alliance Trust Stock Pickers Kishore Rao, from Sustainable Growth Advisers, and Heather Peirce, from Black Creek Investment Management, give their perspectives on the AI debate. Filmed: August 2023 previous story | next story

24 Oct 2023

Outperformance in difficult year for VOF

VinaCapital Vietnam Opportunity Fund (VOF) announced its annual results for the period ended June 30, 2023. NAV total return in USD terms was -0.4% and the share price total return was -3.1%. While the VN Index is not a benchmark for the company, it serves as a useful comparison. Over the same 12-month period, the […]

Sectors
24 Oct 2023
230124 morning

QuotedData’s morning briefing 24 October 2023 – GSF, SONG, PHP

In QuotedData’s morning briefing 24 October 2023: Following its recent strategic review, the board of Hipgnosis Songs Fund Limited (SONG) announced that it did not receive a superior offer as part of the Go-Shop process in connection with the first disposal. The company was in contact with 17 parties at the beginning of the Go-Shop, […]

Sectors
Companies
23 Oct 2023
logos for saba capital and european opportunities

Saba Capital to vote against continuation at European Opportunities

US activist investor Saba Capital has made its first public move against a UK-listed investment company, writing an open letter to the board of European Opportunities trust. It says that it intends to vote against the conditional tender offer that the trust has proposed and against the continuation of the trust. [Despite its 5% stake, […]

Sectors
23 Oct 2023
BlackRock Energy and Resources Income BERI

CQS Natural Resources sees a major rise in its dividend

CQS Natural Resources (CYN) has released its annual results for the 12 month period ending 30 June 2023. Over the period CYN reported a NAV total return of 3.5% and share price total return of -0.2%, which compares to a 6.3% return of its composite benchmark, a blend of the EMIX Global Mining Index and […]

Sectors
23 Oct 2023

QuotedData’s morning briefing 23 October 2023 – GCP

In QuotedData’s morning briefing 23 October 2023: GCP Infrastructure (GCP) announced an update to its NAV valuation. As of 30 September 2023, its NAV per share was 109.8p, a 0.23% decrease on its 30 June 2023 value. The largest impairment to GCP’s valuation came from a period of very low wind speeds and exceptionally dry […]

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

QuotedData’s weekly news update 20th October 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: • Hipgnosis (0:31) • Syncona (8:06) This week’s interview was with Tom Williams from Downing Renewables and Infrastructure – watch it again here.

Sectors
20 Oct 2023
cartoonish figure of a female superhero flying against a blue background

QD view – Back an alpha hero

Calling the direction of global markets is not an easy task. Be it the whims of central bankers, the next hottest thing in tech up-ending the market, or the seemingly constant stream of geopolitical crises – what we once thought was the calm after the COVID-19 storm may have only been the eye, as today […]

Geographies
  • Asia
  • Global
  • Middle East
Sectors
Companies
20 Oct 2023
Gabelli Merger Plus+ : GMP

Gabelli Merger Plus+ announces annual results

Gabelli Merger Plus+ (GMP) has published its annual results for the year ended 30 June 2023, during which it provided NAV and share price total returns of 10.54% and 1.33% respectively (in US dollar terms). It compares itself primarily against the US 3-month treasury bill index, which returned 3.80% although given the radically different risk […]

Sectors
20 Oct 2023
231020 AAS Hugh Young

abrdn Asia Focus’s Hugh Young to retire at the end of the year

abrdn Asia Focus (AAS) has released its annual results for the year ended 31 July 2023. There are a number of key highlights from the report but we think that the most interesting of these is the announcement that veteran Fund Manager, Hugh Young, chairman of abrdn, Asia Pacific, who has headed up abrdn’s Asia […]

Sectors
20 Oct 2023
a newspaper poking through a letterbox 230731 morning

QuotedData’s morning briefing 20 October 2023 – TMI, IHR, PIN, OIG

In QuotedData’s morning briefing 20 October 2023: Taylor Maritime Investments (TMI) has released its second annual Environmental, Social and Governance (ESG) Report covering the financial year ended 31 March 2023. The report highlights progress made on TMI’s sustainability priorities including decarbonisation, social and community impact, and responsible business practices. This year, TMI obtained independent assurance […]

Sectors
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