Empiric Student Property has announced its annual results for the year ended 30 June 2016. The company grew its portfolio significantly during the year, from £251.3m to £523.9m, funded by £286.4m of gross equity proceeds and a further £120m of debt. As a result, the company says that its portfolio of purpose-built student accommodation increased […]
NB Private Equity Partners has announced that it has issued 50m new 2022 Zero Dividend Preference Shares (2022 ZDP shares), at 100p each, raising £50m. The issue was conducted by way of a rollover offer of the company’s 2017 ZDP Shares, into 2022 ZDP Shares, and an offer for subscription and the initial placing of […]
Fair Oaks Income Fund has announced that, further to the announcement it made on 4 July 2016 regarding its intention to return capital to Shareholders, it will return $5,930,400 (equivalent to 1.849 cents per share) on 29 September by way of a compulsory partial redemption of shares (the First Redemption). The company says that the […]
Alternative Asset Opportunities PCC Limited has made an announcement about Traded Life Interests. On 23 June 2016 it announced that it was exploring the possibility of a sale of the portfolio. The Board is pleased to announce today that is has conditionally agreed to sell 71 of the Company’s 80 policies for a total cash consideration […]
JZ Capital Partners has announced that it has closed the sale of its minority stake in Winn Group, held through the EuroMicrocap Fund 2010, L.P. to a major financial institution for €20.8m ($23m) following the receipt of regulatory approval. Founded in 2002, Winn is a Newcastle-based UK legal services firm specialising in personal injury cases. […]
Oakley Capital Investments Limited (OCIL) has announced that it has been informed that Inspired, which it describes as a ‘premium schools organisation in Europe, Australia, Africa and Latin America’, has completed the acquisitions of the International School of Europe Group (ISE), St Louis School (St. Louis) and St John’s International School (St. John’s). Oakley Capital […]
HICL Infrastructure Company Limited, has announced the purchase of a proportion of the Road Management Services (A13) PLC Index-Linked Guaranteed Secured Bonds 2028 for GBP50.1m. The Bonds were issued in 2000 to finance the A13 Thames Gateway PFI Project and have the benefit of an unconditional and irrevocable financial guarantee from the monoline MBIA UK in […]
Crystal Amber’s NAV decreased 8.6 per cent over the year to 30 June 2016 to 153.79p (168.26p at 30 June 2015, 155.90p at 31 December 2015). Including the dividends paid, NAV total return per share over the twelve months ended 30 June 2016 was -5.6 per cent. The Fund declared interim dividends of 2.5p in both July 2015 […]
Green REIT has reported a 14.9% increase in its EPRA NAV to EUR1.52 per share, underpinning a 17.7% total return in the year to the end of June 2016. EPRA EPS increased 131% to 3.7 cents per share as contracted annual rents rose by 10% to EUR61.3 million. The proposed dividend is 4.6 cents – up 188% […]
Africa Opportunity Fund’s net asset value per share of US$0.898 as at 30 June 2016 increased by 2.7% from the 31 December 2015 net asset value per share of US$0.875. In the same period, the share price rose 7% from $0.647 to $0.692. Its C share net asset value per share of US$0.819 decreased by 0.2% from the […]
According to its Chairman’s statement, over the year that ended on 30 June 2016, Qatar Investment Fund’s share price fell 18.2% compared to the Qatar Exchange which fell 18.9% and a fall of 14.21% in the MSCI Emerging Markets Index. It says the net asset value of the fund fell 20.8%, underperforming the benchmark. The Board […]
John Laing Infrastructure has announced interim results covering the six months ended 30 June 2016. It reports an NAV per share of 113.8 pence, up 5.0% against that as at 31 December 2015. The share price rose from 116.7p to 128p. Including dividends of 3.41p (up 1%), this translates into a 12.6% total shareholder return […]
HarbourVest today announces a full and final cash offer to be made by HarbourVest Bidco for the entire issued and to be issued ordinary share capital of SVG Capital, to be implemented by way of a takeover offer within the meaning of Part 28 of the Companies Act 2006. Under the terms of the Offer, […]
Over the year to the end of June 2016, Murray Income Trust’s net asset value (total return) outperformed its benchmark, rising by 5.9%, compared to 2.2% for the FTSE All-Share Index. The Board is recommending a final dividend of 11.25p, which makes a total for the year of 32.25p, an increase of 0.8%. The shares produced a […]
Foresight Solar Fund has announced the results of its placing of 28.2m treasury shares. Then placing, which was originally announced on 5 September 2016, was oversubscribed and £28.9m of gross proceeds have been raised. The fund says that a total of 28,152,143 Ordinary Shares will be sold out of Treasury at the Placing price of […]
Derwent London has announced that it has sold its long leasehold interest in 75 Wells Street, London W1, for £40.9m before costs. The purchaser was a private investor and the company says that the sale price was in line with December 2015 and June 2016 valuations. According to Derwent London, 75 Wells Street (pictured) is […]
The Board of International Biotechnology Trust has announced two proposals which it believes will be of benefit to shareholders and potential investors. These include the introduction of dividend payments and amendments to International Biotechnology Trust’s investment policy to allow it to invest in unquoted funds. Both proposals will be subject to shareholder approval at a […]
Since its AGM in 2013, Pacific Horizon has asked shareholders each year for authority to implement, at the Board’s discretion, a bi-annual tender offer for up to 5% of its issued share capital (depending on the average level of its discount during the prior six month period). The Board, taking into consideration the need for the fund to have sufficient […]
Sirius Real Estate has announced that, following on from the successful private placing raising EUR30 million before expenses completed in June 2016, it has notarised and is near to completing the acquisition of two multi-let business parks, referred to at the time of the fundraising, for a total consideration of EUR46.3 million. The first site […]
BlackRock Latin American benefitted from the recovery in regional stock markets over the six months ended 30 June 2016 but underperformed its benchmark. The MSCI EM Latin America Index ended the period up by 25.7% in US dollar terms (38.6% in sterling terms). By comparison the NAV increased by 23.0% in US dollar terms (35.6% in […]
Martin Currie Global Portfolio has announced results for the six months ended 31 July 2016. It underperformed its benchmark, the FTSE World Index, over this period. Its net asset value increased by 17.6% on a total return basis and the share price total return was 19.8%, compared to the benchmark return of 20.3%. The total dividend for […]
Over the six months ended 30 June 2016, Aberdeen Small Companies Income’s NAV was down 6.3% on a total return basis, underperforming its benchmark, the FTSE Small Cap ex-IT index, which was down 4.6% on the same basis. The equity portfolio contributed a return, relative to the index, of -1.0%, offset slightly by a positive […]
EPE Special Opportunities has announced interim results for the six months ended 31 July 2016. The NAV at 31 July 2016 was 187.89 pence per share, an increase of 17.4% on the NAV per share of 160.00 pence as at 31 January 2016. The share price at 31 July 2016 was 148.50 pence, representing an increase of 19.3% on the […]
Over the year to the end of June 2016 Aberdeen Frontier Markets’ net asset value per share and share price declined by 13.6% and 16.0% respectively compared to a decline of 12.1% in the MSCI Frontier Markets Net Total Return Index. The Board is proposing to pay an initial dividend in respect of the second half […]
Standard Life Investments Property Income Trust, managed by Jason Baggaley (pictured), has announced its results for the six months ended 30 June 2016. During the period, the trust provided an NAV total return of 2.3% although NAV per share fell from 82.2p per share, as at 31 December 2015, to 81.8p per share as at 30 […]
During the six month period from 31 December 2015 to 30 June 2016, Weiss Korea Opportunity’s NAV increased by 10.94%, underperforming the reference MSCI Korea 25/50 Capped Index, which returned 14.81% in pounds sterling. The Company paid a dividend of 2.2416 pence per share on 28 June 2016. Shareholders have an opportunity to realise all or part […]
Juridica reports a total comprehensive loss of US$27.2 million (2015: US$34.2 million) or 24.67 cents per ordinary share for the six months ended 30 June 2016 due principally to: a net unrealised loss of US$23.8 million generated from the change in valuation of the Company’s investments; operating expenses of US$2.1 million; a realised loss of […]
Baker Steel Resources Trust has announced that it has acquired a further 5.4% interest in Norwegian Copper company, Nussir ASA (Nussir), to add to the 9.8% of Nussir it already holds, for a consideration of £625k. The company says that the consideration has been satisfied through the issue to the vendors of 1,561,822 new ordinary […]
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