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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).

19 Sep 2023
240617 macro south korea

Optimism despite challenging period for Weiss Korea Opportunity Fund

Weiss Korea Opportunity Fund (WKOF) announced its half year results for the period ended 30 June 2023. The company’s share price return was flat over the 6 months while NAV return was -3.4%, trailing the reference MSCI South Korea 25/50 Net Total Return Index which appreciated by 6.7% in GBP. Chairman Krishna Shanmuganathan noted that […]

Sectors
19 Sep 2023
230601 morning 1

QuotedData’s morning briefing 19 September 2023 – AEWU

In QuotedData’s morning briefing September 19 2023: AEW UK REIT (AEWU) has appointed a new chairman designate. Robin Archibald, formerly head of corporate finance and broking at Winterflood Investment Trusts, has taken a non-executive director role and will be appointed chairman of the company at the 2024 AGM when current chairman Mark Burton will retire. […]

18 Sep 2023

GCP Infrastructure and GCP Asset Backed Income combination off of the cards

Separately, GCP Infrastructure (GCP) and GCP Asset Backed Income (GABI) have issued statements saying that a proposed combination of the two companies has been terminated. A significant shareholder consultation exercise was undertaken and both statements make reference to a divergence of views existing amongst shareholders of GABI as being the hurdle. GABI’s board has said […]

Sectors
18 Sep 2023
230601 morning 1

QuotedData’s morning briefing 18 September 2023 – HICL

In QuotedData’s morning briefing for 18 September 2023: HICL Infrastructure (HICL) has announced that it has entered into an agreement to sell its investment in Bradford Schools PPPs for £37m. This sale represents an 8% premium to its valuation at 31 March 2023. The sale represents HICL’s entire stake in the entities, which are two […]

Companies
15 Sep 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 15th September 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, Matthew Read covered the week’s top stories: • Ediston Property (0:30) • Supermarket Income REIT (5:28) • ThomasLloyd Energy Impact (8:51) • Hipgnosis Songs Fund (13:34) This week’s interview was with Dean […]

Geographies
  • Asia
  • Global
  • UK
Sectors
Companies
15 Sep 2023
QD view commodities opportunity

QD view – Opportunities in commodities?

From April 2020 to June 2022, the energy transition and the war in Ukraine combined to generate a significant surge in commodity prices. Since then, commodities have struggled, weighed down by the weakness of China’s economic recovery and mixed economic data across the globe. More recently, however, they have started to tick higher once again. […]

Sectors
Companies
15 Sep 2023
CQS New City High Yield steady in face of Brexit worries

CQS New City High Yield keeps its head above water

CQS New City High Yield (NCYF) has released its annual results for its finical year ending 30 June 2023. NCYF reported a NAV total return of 2.04% and a negative share price total return of (0.68%).  The positive NAV total return can be attributed to NCYF’s dividend pay-outs over the year, with the chairman highlighting […]

Sectors
15 Sep 2023
230915 fight

ThomasLloyd Energy Impact gives clarity on its next steps

ThomasLloyd Energy Impact’s (TLEI) board has announced that following the failed continuation vote, it will terminate its arrangement with its current investment manager on 31 October 2023. The board has begun the search for a transitional investment manager to replace the outgoing one, with the intention being that this will be the most effective way […]

Sectors
15 Sep 2023
a green cup sits on a pile of books

QuotedData’s morning briefing 15 September 2023 – SUPR, GSEO, BGLF

In QuotedData’s morning briefing 15 September 2023: VH Global Sustainable Energy Opportunities (GSEO) has announced that it will implement at £10m share buyback program. The board remains aware of the impact of GSEO’s discount, and will undertake buybacks when it believes to be in the interest of shareholders. Blackstone Loan Financing (BGLF) has announced that […]

Companies
14 Sep 2023

New proposals from Hipgnosis Songs a positive development

Hipgnosis Songs Fund (SONG) announced a number of proposals which it believes will act as a catalyst for a re-rating of the company’s share price. These include: Catalogue sales for aggregate gross consideration of $465 million; Share buy back programme of up to $180 million; Repayment of $250 million drawn under the company’s revolving credit facility (“RCF”); […]

14 Sep 2023
221215 VNH A real growth that remains intact

Momentum continues for VietNam Holding

VietNam Holding ( VNH) provided an update for the month ended August 2023, highlighting the ongoing performance of the region which has boosted returns of VNH, with shares up 22% YTD. Manager commentary – Vietnam’s moment in the sun  Vietnam enjoyed further stock market gains and GDP growth in August, setting up a shiny backdrop […]

14 Sep 2023
Wind,Turbines,Silhouette,At,Sunset

Challenging start to the year for RNEW

Ecofin US Renewables Infrastructure Trust (RNEW) announced its half year report for the year period ended June 30 2023. NAV return for the period was 0.3% while shares fell 24.7% which saw the discount widen to 29%. Commenting on the performance, chairman Patrick O’D Bourke noted that this has been a difficult first half for […]

Sectors
14 Sep 2023
a paper, a criossant and a mug of something 230601 morning 3

QuotedData’s morning briefing 14 September 2023 – CGL, SONG, RTW, FSFL, ASCI, BHMG, BCPT

Castelnau Group (CGL) announced the appointment of Richard Brown as non-executive director of the company and chief executive officer of Castelnau Group. A former investment banker, Richard has over 14 years of corporate finance experience. He has advised firms ranging from the largest FTSE 100 companies to private businesses, UK-focused as well as international. The […]

Companies
13 Sep 2023
Henderson High Income (HHI)

Henderson High Income outperforms in first half of 2023

Henderson High Income (HHI) has published its interim results for the six months ended 30 June 2023 and, against what was a volatile period for financial markets, the trust provided a net asset value total return of 3.0%, outperforming its benchmark, which returned of 1.9%. HHI’s share price total return of 2.0% was marginally ahead […]

13 Sep 2023
220411 solar

Atrato Onsite Energy buys 34MW residential rooftop portfolio

Atrato Onsite Energy (ROOF) has entered into a share purchase agreement to acquire a fully operational portfolio of rooftop solar PV assets with a total value of £77.3m. The 34MW portfolio, which is made up of solar PV systems situated on residential rooftops across the UK, benefits from feed-in-tariff (FIT) payments, payable directly to ROOF […]

13 Sep 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 13 September 2023 – ROOF, EGL, RSE

In QuotedData’s morning briefing 13 September 2023: Primary Health Properties (PHP) has acquired Ireland’s first Enhanced Community Care (ECC) facility at Ballincollig, near Cork, for €29.64m. The property is fully let to the Health Service Executive on a 25-year lease and benefits from five yearly, compounded annually, Irish CPI indexed rent reviews. The government led […]

Sectors
Companies
12 Sep 2023
a stack of newspapers next to a mug of tea 230601 morning 2

QuotedData’s morning briefing 12 September 2023 – RGL

In QuotedData’s morning briefing 12 September 2023: Regional REIT (RGL) reported a 9.0% drop in EPRA net tangible assets (NTA) to 66.9p per share for the six months to 30 June 2023 (Dec 2022: 73.5p). The value of the group’s portfolio of 150 regional offices fell 3.8% on a like-for-like basis to £752.2m (Dec 2022: […]

11 Sep 2023

QuotedData’s morning briefing 11 September 2023 – BOOK, SEED, SYNC

In QuotedData’s morning briefing for 11 September 2023: SEED Innovations (SEED) has announced the partial sale of its stake in Avextra AG, the German medical cannabis company, disposing of 56.4% of its shareholding. The sale resulted in gross proceeds of £2.45m, a 62% return on SEED’s initial investment. SEED retains a 3% stake in Avextra […]

Companies
08 Sep 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 8th September 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: • Ecofin US Renewables • RM Infrastructure Income • Round Hill Music This week’s interview was with Prashant Khemka from Ashoka WhiteOak Emerging Markets Trust – […]

Geographies
  • Global
  • North America
  • UK
Sectors
Companies
08 Sep 2023

Realty Income to buy Ediston Property’s portfolio for £196.8m

The board of Ediston Property Investment Company (EPIC) has agreed a deal to sell the company’s entire portfolio of UK retail parks to US company Realty Income for £196.8m. The company expects to have net assets of £152.2m, equivalent to 72.0 pence per share. This is a 17.7% premium to the share price on 15 […]

Sectors
08 Sep 2023

QD view – the right fund in the right structure

I have been working with closed end funds – as an investment manager and an analyst – for almost 30 years. At times, the sector has felt like the poor relation of the investment industry. It does not attract the vast sums that flow into open-ended vehicles, exchange-traded funds (ETFs), or limited partnership structures, and […]

08 Sep 2023
Round Hill Music Royalty Fund RHM Recommended offer Concord 230908 RHM Recommended offer Concord

Recommended offer for Round Hill Music Royalty at US$1.15 per share

Round Hill Music Royalty (RHM) has announced that its board and that of Alchemy Copyrights, LLC, trading as Concord have reached agreement on the terms of a recommended cash offer at US$1.15 per RHM share, which values RHM’s share capital at approximately US$468.8m. On the basis of the closing price per RHM Share of US$0.69 […]

08 Sep 2023
230126 RNEW

Ecofin US Renewables announces strategic review

Ecofin US Renewables (RNEW) has announced that, given the wide discounts impacting RNEW and other alternatives investment trusts, and the unfavourable short-term prospects to raise new equity as a result, the board has decided to undertake a review of RNEW’s strategy, which will centre on a sale of the company’s assets. If a sale proceeds […]

08 Sep 2023
230209 morning

QuotedData’s morning briefing 8 September 2023 – AEWU, INOV

QuotedData’s morning briefing 8 September 2023: AEW UK REIT (AEWU) has acquired a mixed-use asset in Bath city centre for £11.5m, reflecting a net initial yield of 8.0% and a capital value of £223 per sq ft. Following this acquisition, the company is close to full deployment, with remaining cash available to invest of £3m. The […]

07 Sep 2023
230714 GIF

Gulf Investment Fund changes its manager

Gulf Investment Fund (GIF) announced this week that its current portfolio manager, Jubin Jose, intends to step down at the end of December 2023. He will be replaced as portfolio manager by Bijoy Joy who is currently assistant portfolio manager of GIF, and who has been involved with Jubin in the day-to-day management of the […]

Sectors
07 Sep 2023
logo for futurenergy ireland 230907 grp futurenergy ireland

Greencoat Renewables partners with FuturEnergy Ireland

Greencoat Renewables has entered into a long-term strategic framework agreement with FuturEnergy Ireland, in respect of its 1GW+ pipeline of onshore wind projects. FuturEnergy Ireland is the recently established state-backed joint venture company co-owned by ESB and Coillte and is one of the country’s leading wind developers. This is the first strategic framework agreement entered […]

07 Sep 2023
a balck bus sitting behind a standalone battery 230907 pint zenobe

Pantheon Infrastructure backs battery and EV play Zenobe

Pantheon Infrastructure has committed to invest approximately £35m in battery storage and electric vehicle fleet specialist Zenobe, through a co-investment vehicle managed by Infracapital, a leading European infrastructure investor that has raised and managed over £7bn in assets. Zenobe provides essential infrastructure that contributes to international power and transport sector decarbonisation targets. In addition to […]

Sectors
07 Sep 2023
a shipping container branded dli being held aloft in a logistics facility 230907 iip dli

Infrastructure India sells prime asset but not for cash

Infrastructure India is selling its interest in 99.99% of Distribution Logistics Infrastructure Private Limited to Pristine Malwa Logistics Park Private Limited. Pristine Malwa is a wholly owned subsidiary of Pristine Logistics and Infraprojects Limited. The Pristine Group provides end-to-end multi cargo logistics solutions, and services including port handling, road and rail transport, warehousing, shipping, stevedoring, […]

Sectors
07 Sep 2023
fondul proprietatea logo 230907 fp

Fondul Proprietatea – government wants review of manager agreement and approach

The Romanian Ministry of Finance, which has a 5.96% stake in Fondul Proprietatea, has added a few extra resolutions for investors to consider at its upcoming shareholder meeting on 25 September 2023. First is a resolution that Franklin Templeton’s contract is renewed for just one year (1 April 2024 to 31 March 2025). Second a […]

07 Sep 2023
london skyline at night taken from the south bank near tower bridge 230907 INOV london skyine at night

Schroders Capital Global Innovation NAV dives again

Schroders Capital Global Innovation Trust says that its NAV as of 30 June 2023 was 24.73p per share, a decrease of 6.1% relative to the NAV per share as of 31 March 2023 (26.35p) and a decrease of 5.4% relative to the indicative unaudited NAV per share as of 30 June 2023 published on 3 […]

Sectors
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