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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).

18 Mar 2016

Dunedin to pay 16p interim dividend following CitySprint realisation

Dunedin Enterprise has announces its annual results for the year ended 31 December 2015. During the year the companies NAV total return was flat whilst it share price fell 7.5%; both underperforming the FTSE Small Cap Ex-Investment Trusts Index, which returned 13.0%. At the end of February, the trust announced that, following consultation with the […]

Companies
18 Mar 2016

Atlantis Japan Growth Fund under attack from LIM Asia Multi-Strategy Fund

Atlantis Japan Growth Fund has announced that, on 17 March 2016, it received from LIM Asia Multi-Strategy Fund Inc. (a registered holder of more than 10% of the issued share capital), a requisition to convene a general meeting of the company. The company says that the purpose of the requisitioned meeting is to consider a […]

Sectors
18 Mar 2016

Funding Circle SME Income’s negotiations with the European Investment Bank are at an advanced stage

Funding Circle SME Income Fund has announced that, further to the statement made in the its prospectus relating to a possible participation in a financing project with the European Investment Bank, negotiations have reached an advance stage and they say they are working towards a completion of such an arrangement in the second quarter of […]

18 Mar 2016

JPMorgan Global Convertible Income – not as defensive as they’d hoped for

JPMorgan Global Convertible Income Fund has released its interim results for the half-year ended 31 December 2015. During the period, the company’s NAV total return was -3.4% and the share price total return was -7.8%. The company says that whilst NAV performance was stronger than the broader convertibles market, the concurrence of declines in equity […]

17 Mar 2016

GLI Finance announces a new £15m credit facility and repays the £30m Sancus loan

GLI Finance, headed up by CEO Andy Whelan (pictured), has confirmed that it has now entered entered into a new 1 year loan, for £14.86m, at an interest rate of 8.75%. The company say that it has repaid its existing £30m loan facility with Sancus, which had been incurring an interest rate of 11%. GLI Finance’s Board […]

17 Mar 2016

ICG Longbow lends against Lancashire industrial estates

After the repayment of the Mansion loan, as notified on 8 March 2016, the ICG Longbow has redeployed the proceeds through the completion of a new £22.4m loan to Commercial Regional Space Limited and affiliates on 16 March 2016. The loan has a maturity date of April 2019 and represents 19.96% of the Company’s gross assets […]

17 Mar 2016

John Laing Environmetal acquires Pylle Southern Solar Park for £6.1m

John Laing Environmental Assets has announced the acquisition of Pylle Southern Solar Park, near Shepton Mallet in Somerset, for £6.1m (including working capital). The company has also extended its revolving credit facility from £50m to £65m. Commissioning of the solar park was completed in December 2015 and it has a total generating capacity of 4.99MW. […]

16 Mar 2016

India Capital Growth beats benchmark but discount widens

India Capital Growth outperformed its benchmark, the S&P BSE Mid Cap Index, over the course of 2015 – generating a return on net assets of 8.6% against a 7.7% return on the index. Unfortunately though the discount widened from 18.7% to 24.4% and so the share price was up 1%. With the exception of Financials, […]

Sectors
16 Mar 2016

Henderson High Income impresses in 2015

Henderson High Income generated an NAV return of 7.6% over the year ended 31 December 2015 while its benchmark, 80% of the FTSE All-Share Index (total return) and 20% of the Merrill Lynch Sterling Non-Gilts Index (total return), returned 0.9%. The return to shareholders was 6.6%. The dividend was increased from 8.6p to 8.9p. This […]

Sectors
16 Mar 2016

Tritax Big Box NAV jumps 16% in 2015

Tritax Big Box REIT reports that its EPRA net asset value per share increased by 17.11 pence (or 15.91%) to 124.68 pence (31 December 2014: 107.57 pence) over the course of 2015. This works out as a total return for the year of 19.4%, compared to the FTSE EPRA/NAREIT UK REITs Index of 10.5%. Dividends […]

16 Mar 2016

European Assets hikes dividend by 20%

European Assets Trust recorded a Sterling net asset value total return for the year of +20.5% (26.9% in Euro terms), a Sterling share price return of +20.4% and a Euro dividend increase of +20.3% for the year ended 31 December 2015. The Euromoney Smaller European Companies (ex UK) Index returned 17.2% (23.4% in Euro terms). The Board […]

Sectors
16 Mar 2016

John Laing Infrastructure lowers its discount rate

John Laing Infrastructure reports that its NAV at the end of December 2016 was 108.4p. In late February 2016, they announced a dividend of 3.41 pence per share for the second half of 2015, an increase of 1.04% on the previous dividend of 3.375 pence per share. This results in a total dividend payable in respect […]

Geographies
  • UK
  • Europe (EU and EEA ex UK)
  • North America
16 Mar 2016

Mirland still renegotiating its debt

Mirland has reported its results for the year ended 31 December 2015. Total assets as at 31 December 2015 decreased by 23.7% to US$577.4 million, as compared to US$756.6 million as of 31 December 2014. Equity as at 31 December 2015 was a negative US$(19.3) million compared to US$141.4 million the preceding year. The Company’s […]

Sectors
16 Mar 2016

Investors nursing losses from star backed peer-to-peer trusts

Investors seeking returns from peer-to-peer lending have been subjected to big swings in share prices since the turn of the year. Peer-to-peer investment trusts have moved from large premiums to discounts as uncertainty has hit the still developing sector. http://www.telegraph.co.uk/investing/funds/investors-nursing-losses-from-star-backed-peer-to-peer-trusts/

Companies
16 Mar 2016

London’s Natural Resources Funds Saw Gains In February

London-listed funds with exposure to commodities and natural resources saw their fortunes improve in February, according to analysis by research firm QuotedData. See more at: http://www.morningstar.co.uk/uk/news/AN_1458113487917777800/londons-natural-resources-funds-saw-gains-in-february—quoteddata.aspx#sthash.x209LJ8E.dpuf  

Companies
15 Mar 2016

Greencoat UK Wind and partners buy half of Clyde wind farm

Greencoat UK Wind has announced that it has entered into an agreement to acquire 49.9% of Clyde Windfarm (Scotland) Limited from SSE for a headline consideration of £355m, together with GMPF & LPFA Infrastructure LLP, the infrastructure investment joint venture between Greater Manchester Pension Fund and London Pensions Fund Authority. UKW will acquire 28.2% of […]

15 Mar 2016

Hansteen posts 17% return for 2015

Hansteen’s results for the year ended 31 December 2015 have been published. Its EPRA NAV per share increased by 9% to 111p to give a total return of 17.3%. Full year dividend increased by 5.0% to 5.25p per share. The Normalised Income Profit or NIP, which excludes profits or losses from the sale of properties, essentially […]

Sectors
15 Mar 2016

NB Private Equity reports record distributions in 2015

NB Private Equity reports that, at  31 December 2015, its NAV per Share was $14.35, up from $14.24 NAV per Share at 31 December 2014. this translated into a 4.9% NAV total return during 2015. They say this was driven by unrealised gains on private equity and public holdings as well as cash and payment-in-kind (“PIK”) interest on its income investment portfolio. […]

15 Mar 2016

Fidelity European Values beats benchmark in 2015

Fidelity European Values say that, for the year ended 31 December 2015, the net asset value total return was 6.9%, outperforming its Benchmark Index, the FTSE World Europe (ex UK) Index, which returned 5.3%. The share price total return over this period was 9.2%, ahead of the NAV return as a consequence of the level of discount […]

Sectors
14 Mar 2016

Real Estate Investors makes a good start to life as a REIT

Real Estate Investors has published results for the year ended 31 December 2015 – its first year of operations as a REIT. The EPRA NAV per share rose by 5% to 64.5p from 61.3p.   EPRA earnings per share were 0.81p (2014: loss 0.36p). This was on the back of a 38% increase in rental income to £8.4m. The total dividend per […]

14 Mar 2016

Murray International scraps performance fee after disappointing year

Murray International had a poor year in 2015. The Chairman said he was disappointed to report that the NAV not only underperformed its benchmark in 2015 but also declined in absolute terms. He says a NAV total return of -7.8% inclusive of a 3.3% dividend increase (46.5p vs. 45p in 2014) compared unfavourably with a benchmark total return […]

Sectors
14 Mar 2016

Global Resources to pay back convertibles

Global Resources Investment Trust has not been able to come to an agreement with Primestar Energy FZE and LIM Asia Multi-Strategy Fund Inc. relating inter alia to the subscription, open offer and early redemption of loan notes and the reduction of the required coverage ratio (4:1 assets to loan notes). The assets of the fund […]

11 Mar 2016

Claverhouse outperforms again and hikes dividend for 43rd year

JPMorgan Claverhouse outperformed its benchmark index, both in terms of NAV and share price over 2015. The return on net assets of the UK stock market, as measured by the Company’s benchmark, the FTSE All-Share Index, was +1.0%. The Company’s total return on net assets was significantly better at +6.0% (the fourth year in a […]

Sectors
11 Mar 2016

Aberdeen UK Tracker to get better at reinvesting dividends

Aberdeen UK Tracker fell just 0.3% short of matching the performance of the FTSE All-Share Index over the course of 2015. Most of that is accounted for by the fees on the fund which, although reduced last year, still act as a drag on returns. The Board, as advised by the Investment Manager, took the decision […]

Sectors
11 Mar 2016

Falling markets weigh on Premier Energy & Water

Premier Energy & Water has published its results for the year ended 31 December 2015. Over the period the fund underperformed the FTSE All-World Utilities Index, returning -4.3% on total assets as compared to a -2.7% return on the index. The gearing provided by the company’s zero dividend preference shares (2.89x at the end of […]

Geographies
  • North America
  • Asia
  • UK
  • Central and South America
  • Europe (EU and EEA ex UK)
11 Mar 2016

JPMorgan Emerging restates its investment policy

JPMorgan Emerging Markets says the first half of its accounting year (the six months ended 31 December 2015) proved to be a difficult period for emerging markets. Over the six months to 31st December 2015 the Company’s benchmark index, the MSCI Emerging Markets Index (in sterling terms), fell 11.8%. JPMorgan Emerging outperformed the benchmark however. For […]

Sectors
11 Mar 2016

Starwood lends against Dublin apartments

Starwood European Real Estate Finance has announced that on 10 March 2016 it advanced a EUR7.9 million whole loan relating to the acquisition of 44 apartments in South Dublin, the Republic of Ireland. The sponsor is a highly regarded local investor that is an existing borrower of the Company. The transaction represents the Company’s third […]

Sectors
11 Mar 2016

Origo suspended

Origo Partners announced on 8 March 2016 that, whilst the Company’s articles of association include a requirement for the Company to have redeemed US$12 million of  convertible zero dividend preferences shares (“CZDPs”) by 8 March 2016, it is not in a position to redeem US$12 million of CZDPs at the current time.  The 8 March […]

11 Mar 2016

Amedeo now has six A380s

Amedeo Air Four Plus Limited has issued 53m new shares at 101p. Since the completion of its initial public offering on 13 May 2015 (the “IPO”), the Company has acquired five Airbus A380 aircraft, the last of which was delivered in February 2016. The Assets are all leased to Emirates Airlines for a term of 12 years, with […]

10 Mar 2016

Real Estate Investors adds two properties

Real Estate Investors  has announced the acquisition of two properties, one of these deals needs to be approved by shareholders. Real Estate Investors has exchanged contracts to acquire the freehold of West Plaza, 144 High Street, West Bromwich B70 6JJ from Bond Wolfe Estates Limited (“BWE”) for a consideration of £8m, to be paid in […]

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