News

Foresight Solar Fund has announced a proposed placing of up to 28,152,143 of its ordinary shares, which it currently holds in treasury. The company says that its manager has identified an attractive 200MW pipeline of assets which will support the growth of the Company over the next 12 months and that the net proceeds of […]

International Public Partnerships has published its interim accounts covering the six months ended 30 June 2016. It reported continued Net Asset Value growth over the half year of 6.3% to GBP1,371.4m (31 December 2015: GBP1,290.2m) with NAV per share over the same period increasing 6.1% to 138.2 pence (31 December 2015: 130.2 pence). In line […]

Vietnam Enterprise Investments has announced that, having satisfied the required eligibility criteria during the September 2016 review, it will be added to the FTSE Small Cap/All-Share Index. The company’s inclusion will be effective as of 19 September 2016. The company says that, since listing on the Main Market of the London Stock Exchange on 5 […]

  Sirius Minerals’ ambitions to build the world’s largest polyhalite mine in North Yorkshire, UK moves forward with a non-binding agreement for a US$2.6 billion debt facility for ‘Stage 2’ of mine development with six financial institutions; closing expected to take place in 2018. The agreement is subject to due diligence and  securing US$ 1.09 […]

Target Healthcare REIT has announced that it has acquired Kingsmead House, a care home in Mytchett, near Camberley, Surrey, for £6.5m including acquisition costs. The company says that Kingsmead House (pictured) is a modern, purpose built care home that was completed in 2015 and offers luxurious accommodation with bedrooms looking onto peaceful landscaped gardens. Kingsmead […]

Empiric Student Property (Empiric) has announced that it has entered into a forward funding arrangement, with Linford CZero Ltd, to develop a 185 bedroom scheme, The Emporium, in central Birmingham for a total investment of £19.53m. The scheme is expected to be delivered in spring 2018, in time for the 2018/19 academic year and is […]

  Dalradian Resources has tested part of its resource base at its 100%-owned Curraghinalt gold project, in Northern Ireland and estimates that the grade could be significantly higher than that in the May 2016 resource statement. The resource estimation released in the May 2016 and conducted by independent consultants SRK, used standard geostatistical estimation methods, […]

Blackstone / GSO Loan Financing has announced that it is increasing its target dividend to €0.10 per share from €0.08 per share. The company says that, in line with its stated investment strategy, it has originated 9 CLOs since launch and retained majority interests in the income notes in each of them. As at 29 […]

For the year ended 30 June 2016, Standard Life UK Smaller Companies’ diluted net asset value total return was 4.1%, compared with a total return of -6.6% for its benchmark. The Board is recommending a final dividend of 5.20p per share, an increase on last year’s final dividend of 18.2%. If approved, the final dividend, […]

Empiric Student Property has announced that it has acquired the freehold of a 79 bed student accommodation property, Pavilion Court (pictured), in Canterbury, for £9.2m (excluding acquisition costs). The property, which is the company’s first acquisition in Canterbury, comprises 79 beds in a mix of studios and one, two, three and four-bed apartments. It was […]

Baillie Gifford Japan Trust, which has a tiered fee structure, has announced that, with effect from 1 September 2016, a third stepped tier has been introduced at £250m of net assets. Under the revised arrangements, the annual management fee payable to the Company’s Investment Managers and Secretaries, Baillie Gifford & Co Limited, will be as […]

Edinburgh Worldwide Investment Trust, which has a tiered fee structure, has announced that, with effect from 1 September 2016, a third stepped tier has been introduced at £250m of net assets. Under the revised arrangements, the annual management fee payable to the Company’s Investment Managers and Secretaries, Baillie Gifford & Co Limited, will be as […]

With effect from 8.00am on 1 September 2016, the fund formerly known as GLI Alternative Finance plc has changed its name to The SME Loan Fund plc. It is now trading under the ticker ‘SMEF’. The Company’s website has also changed from www.glialternativefinance.com to www.thesmeloanfund.com. The company says that all other details remain unchanged. Separately, […]

TLI Alternative Asset Opportunities has announced that it has received notification of a policy maturity on one life with a face value of US$1.2m. The company say that the maturity is in the process of being verified and, assuming it is certified, will add approximately 0.5p to the company’s NAV per share. TLI Alternative Asset Opportunities […]

Acorn Income Fund has announced its interim results for the six months ended 30 June 2016. During the period, Acorn’s gross assets provided a total return of -8.13%, whilst its NAV total return was -13.95%. Reflecting an increase in the premium to NAV at which the company’s shares traded, the share price total return was […]

Starwood European Real Estate Finance has announced proposals for a new placing programme to issue up to 250m shares and/or c shares. The company’s existing placement programme expires on 6 September 2016 and the board says that it is now considering a new replacement programme at a point later in 2016 or in 2017. The […]

Altin AG has announced its interim results for the six months ended 30 June 2016. The company says that, the portfolio generated negative returns in the first half of 2016. However, for the YTD to end July 2016, the company says that the portfolio recovered a part of the losses to post an NAV return […]

BBGI SICAV has announced its interim results for the six months ended 30 June 2016. During the period, the company’s NAV increased by 8.7% to £521.78m, whilst its NAV per share increased by 8.3% t0 120.8p. The company’s final dividend of 3.0p per share for 2015 resulted in a total payment for the year of […]

Picton Property Income (Picton) has announced that the disposal of one of its City of London office assets, Boundary House, Jewry Street, EC3 completed on 30 August 2016. The disposal proceeds were £27.8m, which the company says is in line with the June 2016 valuation, and will be used to reduce its debt (Picton’s zero […]

Copper under pressure – LME copper stockpiles have hit a 10 month high, most likely due to excess supply moving out of china and into warehouses; Commerzbank said in a report. Hedge funds moved to a net short position for the week of Aug. 23 of 4991 futures and options contracts, according to the US CFTC weekly […]

Anglo American plc has completed the sale of its 70% interest in the Foxleigh metallurgical coal mine in Queensland, Australia to a consortium led by Taurus Fund Management. The parties have not disclosed the terms of the sale. Foxleigh is an open cut coal operation which produces high quality pulverised coal injection (PCI) coal, located […]

During the first half of 2016, Blue Capital Global Reinsurance’s net asset value decreased by approximately 0.2 per cent. excluding the impact of dividends declared. The NAV moved from US$1.1217 at 31 December 2015 to US$1.0871 per share. Most of the portfolio has been allocated to U.S. wind-related risks, for which the premiums are earned between July […]

EP Global Opportunities Trust, managed by Dr . Sandy Nairn (pictured), has announced its interim results for the six months ended 30 June 2016. During the period, which the trust’s chairman, Teddy Tulloch, describes as being a volatile one for global equity markets, the trust’s NAV per share increased by 5.6%, whilst its share price increased […]

LXB Retail Properties  has reported that on 25 August 2016 it exchanged contracts for the sale of its investment at B&Q, Greenwich to a private investor based in the UK.  The property is currently let to B&Q Plc until 23 June 2024 at a current rental of GBP2,244,000 per annum. The sale is conditional on […]

During the six month period ended 30 June 2016, Carador Income Fund generated a total NAV return of 2.68%. The NAV started the year at US$0.7231 and ended the first half at US$0.6908, a 4.47% decline, although they also paid a total of $0.0475 per share in dividends over the period. The shares closed the first half of 2016 […]

Target Healthcare REIT Limited has announced that it has completed the acquisition of two modern, purpose built care homes located in Dundee, Scotland and Sandiacre, Derbyshire for approximately GBP14.0 million including acquisition costs. The properties comprise a total of 151 bedrooms with full en-suite bathrooms including wetrooms and opened in 2007 and 2015. A refurbishment […]

Fair Oaks Income Fund says its NAV was down 0.3% over the first six months of 2016 but the share price generated a disappointing 11.3% return. Although the NAV outperformed the JP Morgan B rated CLO Index (-7.7%), it underperformed the US bank loan and high yield indices (+4.2% and +9.3% respectively). July saw a strong recovery in […]

The Board of The European Investment Trust plc announces that Edinburgh Partners has appointed Craig Armour as portfolio manager for the Company in succession to Dale Robertson. Craig joined Edinburgh Partners in 2009. He is an Investment Partner and is responsible for managing several European equity portfolios. Prior to joining Edinburgh Partners he had a […]

NB Distressed Debt has published interim results covering the six months to the end of June 2016. By that point, the NBDD Share Class had returned, through capital distributions, $108.4m or 87% of investors’ original capital of $125.0m by the end of the period. This, when added to the NAV of $40.3m, brings the ratio […]

SEGRO plc has exchanged contracts to sell the Heston & Airlinks Industrial Estate near Heathrow Airport to Capital Industrial Four BV for GBP79.5 million. Heston Industrial Estate is a multi-let industrial estate, located to the north-east of Heathrow Airport close to junction 3 of the M4 motorway, comprising 481,000 sq ft of warehouse space across 47 […]