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).
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).
Aberdeen Latin American Income says, in the six month period ended 29 February 2016, the NAV total return (capital return plus dividends reinvested) in sterling terms fell by 0.2% which underperformed the composite benchmark’s total return of 0.9% for the same period. The shares delivered a share price total return of -6.2% for the six months. They […]
Custodian REIT has acquired a high street retail unit in Chester, let to TSB Limited and Ciel (Concessions) Limited (trading as Chesca). The property is located in the city centre on the pedestrianised Eastgate Street near Cath Kidston, Jack Wills, Kuoni Travel, H Samuel, Fat Face and Jaeger. The tenants’ leases expire between September 2019 […]
Invesco Perpetual UK Smaller Companies says, for the year ended 31 January 2016 the net asset value rose by 10.9%, on a total return basis, an outperformance of 7.1% versus the benchmark index of the Company, the Numis Smaller Companies Index (excluding Investment Companies), which returned a lesser 3.8%. When compared to the wider UK stock […]
In accordance with the proposals for the reconstruction, voluntary winding-up and rollover of Henderson Global Trust into Henderson International Income Trust and/or The Bankers Investment Trust, Henderson Global’s Board has announced that the special resolutions put forward at the Ordinary Share Class Meeting and the First General Meeting, both held on Friday 15 April, have been approved by […]
Middlefield Canadian has just published its results for 2015. In 2015, the Fund outperformed the S&P/TSX Composite High Dividend Index by over 12%, with a total return (in GBP) of -11.8% versus the benchmark total return of -24.1% (in GBP) over the same period. Having got permission to increase the fund’s exposure to the US, […]
Recovery in commodity prices has boosted investment trusts specialising in the sector Investors also hoping for Brazil revival if leader Dilma Rousseff is ousted Biotech and healthcare hit by fears Democrat party will squeeze drug prices if they win the US http://www.thisismoney.co.uk/money/investing/article-3542148/Unloved-commodity-Brazil-Russia-funds-finally-come-good.html
GCP Student Living has announced that it has entered into a conditional forward purchase agreement to acquire, what it describes as, a high specification, purpose-built, private student accommodation residence adjacent to Royal Holloway, University of London. The property is expected to be completed for the 2017/18 academic year providing approximately 170 beds. The purchase price […]
ICG Enterprise Trust, formerly Graphite Enterprise Trust, has announced its annual results for the year ended 31 January 2016. During the year, the trust’s NAV per share increased by 8.2% to 731p, whilst its share price fell by 1.9% reflecting a widening of the discount during the period. This compares against a 4.6% fall in […]
Sequoia Economic Infrastructure Income has announced that, “in light of the continued attractive investment environment and a growing number of opportunities in the economic infrastructure debt market, the Board of the Company is considering raising additional capital through the issuance of C Shares”. The Company says that it has deployed over 95% of the proceeds […]
Amedeo Air Four Plus has announced that, on 13 April 2016, it purchased its sixth A380 aircraft (directly from Airbus) at a net cost of US$275m. The purchase was as anticipated in the company’s prospectus dated 3 December 2015 and was conducted via its wholly-owned subsidiary AA4P Zeta Limited. Following the acquisition of the Aircraft, […]
Oakley Capital Investments Limited (OCL) has announced its annual results for the year ended 31 December 2015. During the second half of the year, the company’s NAV per share increased by 9.9% to £2.00 (30 June 2015: £1.82) but the company says that this fair value increase was countered by the expected short-term dilutive impact […]
Greencoat UK Wind has announced proposals to launch a programme to issue up to 300m new shares. The company says that the proceeds of the programme will be used,” to pay down the company’s revolving facility agreement enabling the company to pursue further attractive investment opportunities”. and that it plans to issue the shares, over the next […]
Scottish Oriental Smaller Companies has published its interim results for the six-months ended 29 February 2016. During the period the trust’s NAV per share increased by 5.9% in total return terms, while the MSCI AC Asia ex Japan Index recorded a sterling adjusted increase of 3.1 per cent and the MSCI AC Asia ex Japan […]
The Renewables Infrastructure Group has announced proposals to issue up to 300m new ordinary shares (and/or c shares) in the company to take advantage of investment opportunities going forward. The proposals are conditional on the approval of shareholders at an EGM, which is currently scheduled for 4 May 2016, and the company expects to publish a prospectus […]
Weiss Korea Opportunity Fund says, during the period from 31 December 2014 to 31 December 2015, the company’s NAV per share increased by 11.70%, outperforming the reference MSCI Korea 25/50 Capped Index, which returned -1.1% in Sterling terms. The company paid a dividend of 1.8580 pence per share on 26 June 2015. The Directors intend to return […]
Nimrod Sea Assets had an investment period of 18 to 24 months. Any cash which had not been invested or committed at the end of this investment period was to be returned to shareholders as soon as practicable. The Board had anticipated being in a position to return the unrequired, uninvested cash to shareholders after March […]
Ranger Direct Lending, which listed on the London Stock Exchange on 1 May 2015, has announced its annual results for its initial period from 10 April 2015 to 31 December 2015. During the period, the company’s NAV grew by 2.45%, whilst its share price grew by 2.50%. The company also paid 8.36p per share providing a […]
Juridica, a provider of strategic capital for corporate legal claims to both businesses and the legal markets, provides the following portfolio update. Two cases in the Company’s portfolio have reached settlement, with one being a definitive settlement agreement and the second being a partial settlement agreement and this latter case is ongoing. Gross proceeds from […]
Altin has announced that, as of Friday, Alpine Select owns 50.01% of Altin AG’s shares. If Altin was a UK company this would trigger a bid for the rest of the company at the highest price Alpine Select paid for its additional stock. We will bring you more information when we have it. AIA : […]
FastForward Innovations has announced that it has subscribed for 29.4 per cent. (on a fully diluted basis) of Nevis incorporated private company,Frails LLC, the sole owner of a subsidiary providing and developing gaming products and technology with a focus on Virtual Sports and Virtual Casino products, trading under the brand “Leap Gaming”. Leap partners with top-tier […]
The six-month period to 31 January 2016 saw weaker performance from the Japanese stock market. Schroder Japan Growth’s net asset value per share on a total return basis reduced by 4.6% (compared to a negative total return of 1.9% for the period from the Benchmark Index). The share price produced a negative total return of […]
Mercantile has announced results for the year ended 31 January 2016. It outperformed its benchmark with a Net Asset Value return of 12.9% (cum income, debt at par) against 4.7% for the benchmark. The share price total return was 18.6%. They paid three interim dividends of 10.0p per ordinary share over the year under review, […]
Regional REIT Limited has announced the sale of two assets. Blythswood House, 200 West Regent Street, Glasgow, has been sold to Standard Life Investments for GBP17.4m, reflecting a net initial yield of 5.0%. The property was acquired in 2014 and then the previous lease was surrendered with a back-to-back letting-on a 25-year lease to Glasgow School […]
VinaLand has sold its stakes in both the Marina project and Parcel 5 of the My Gia project. The Marina project is a future development site located in Danang and was acquired by VNL in 2008, while Parcel 5 is a block of land situated within the My Gia township development project located in Khanh Hoa […]
Fair Oaks Income Fund generated a total NAV return of -1.5% over the course of 2015 despite the weakness suffered by the market in the last quarter of 2015. The total return based on share price was 4.7% and the company’s ordinary shares ended the year trading at a 9.7% premium to NAV. The shares outperformed the US bank […]
Over the course of 2015, Marwyn Value Investors’ NAV decreased by 19.39% to 239.16 pence. The reduction in NAV over the year is primarily attributable to falls in the share prices of Entertainment One Limited (“eOne”), Zegona Communications and Marwyn Management Partners, partially offset by gains in the share prices of BCA Marketplace (formerly Haversham […]
Infrastructure India has announced that an agreement has been signed for the sale of its interest in Western MP Infrastructure & Toll Roads Private Limited (“WMP”). It is also providing an update on its largest portfolio asset, Distribution Logistics Infrastructure Limited (“DLI”). WMP operates a 125 kilometre toll road in the central Indian state of Madhya […]
Acorn Income Fund has released its annual results for the year ended 31 December 2015. During the year, the company’s gross asset portfolio performance (adjusted for share issuance and buybacks) provided a total return of 17% outperforming the small cap indices. The Ordinary Share net asset value total return was 22.1%. The company says that […]
3i Infrastructure has announced that it has signed an agreement to acquire a 36% economic interest in Wireless Infrastructure Group, investing approximately £75m and joining existing majority shareholder Wood Creek Capital Management and the management team as shareholders. Completion of the transaction is conditional only upon receiving clearance from the European Commission under the EU […]
Further to its announcement on 18 March of the board’s intention to put proposals to shareholders for a manage wind-down of the trust, Dunedin Enterprise has now announced its proposals. Is summary, a general meeting is being convened for 11 March for the purpose of putting proposals to shareholders to change the trust’s investment policy […]
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