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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).

07 Sep 2023
two gold coast light rail trains at a station

International Public Partnerships hikes dividend by 5%

International Public Partnerships has announced results for the six months ended 30 June 2023. The main highlight of these was the dividend increase but the other salient points were: The NAV reduced by 2.4% to 155.2 pence per share. The decline was driven principally by an increase in the discount rates used to value the […]

Sectors
07 Sep 2023
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 7 September 2023 – GRID, IEM, SWEF, SOHO, HOME

In QuotedData’s morning briefing 7 September 2023: Gresham House Energy Storage (GRID) reports a fall in its NAV and a -3.5% return for the six months ended 30 June 2023. Most of the negative impact comes from lower revenue forecasts (these took 15.5p off the NAV). The discount rate used to value the portfolio has […]

Companies
06 Sep 2023
230714 QD view - Infrastructure sits on solid foundations

RM Infrastructure Income to wind down

After extensive consultation with its advisers and shareholders, the board of RM Infrastructure Income (RMII) has decided to put forward proposals for a managed wind-down of the company. This follows a separate announcement also released today from GCP Infrastructure that noted RMII and GCP had been unable to agree on structure and terms for a […]

Sectors
06 Sep 2023

Another challenging year for Mid Wynd International

Mid Wynd International (MWY) announced its annual report for the year ended 30 June 2023. The company’s share price rose by 1.0% on a total return basis. NAV total return was 5.6%. This compares with a rise of 11.3% in the company’s comparator index, the MSCI All Country World Index. The share price total return […]

06 Sep 2023
GCP Infrasutcture GABI Merger

GCP merger with RMII terminated

GCP Infrastructure (GCP) has provided an update on its discussions with the board of RM Infrastructure Income (RMII) regarding a potential combination. The board of GCP has been unable to agree on structure and terms with RMII in respect of the RM Scheme that are acceptable to both parties. GCP Infra has therefore notified RMII […]

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

QuotedData’s morning briefing 6 September 2023 – AGA, LXI, PHP

In QuotedData’s morning briefing for 6 September: Apax Global Alpha Limited (AGA) announced its results for the six months to 30 June 2023. Total NAV Return  was 2.4%. Overall performance was supported by growth in the Private Equity portfolio and strong returns from the company’s debt investments. In Private Equity, Total NAV Return was 1.9% […]

Companies
05 Sep 2023
IPSX to wind down

IPSX to wind down

The dedicated real estate stock exchange – IPSX (International Property Securities Exchange) – is winding down having struggled to find new investment. Launched in 2019, the exchange, which allows investors to invest in real estate investment trusts made up of a single asset or a group of assets with commonality, has just three companies listed. […]

Sectors
05 Sep 2023
a cup of coffee sits on a wooden board

QuotedData’s morning briefing 5 September 2023 – CLDN, BOOK, RTW, HGT

In QuotedData’s morning briefing for 5 September: Caledonia Investments (CLDN) announced that it has agreed terms for the sale of its majority stake in Seven Investment Management , a vertically integrated retail wealth management business, to Ontario Teachers’ Pension Plan Board, a global investor with approximately C$250 billion in net assets. Caledonia is expected to […]

Companies
04 Sep 2023
home reit logo over a picture of a residential street

Home REIT board to be replaced

The majority of Home REIT’s board will be replaced over the next 12 months, the company said in the first of its monthly updates since its stabilisation period commenced. The board – made up of Lynne Fennah, chairman, Simon Moore, Peter Cardwell and Marlene Wood – oversaw the tumultuous period of wrongdoing at the REIT’s […]

Sectors
04 Sep 2023

QuotedData’s morning briefing 04 September 2023

In QuotedData’s morning briefing 4 September 2023: Atrato Onsite Energy (ROOF) has implemented a revolving credit facility. The trust now has a three-year £30m line of credit available to it from NatWest, financed at 1.3% over SONIA. BBGI Global Infrastructure (BBGI) has announced that its investment in Highway 104 in Nova Scotia, Canada has achieved […]

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

QuotedData’s weekly news update 1st 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: • Harmony Energy Income (0:35) • Triple Point Social Housing (8:19) Andrew McHattie looked at the major NAV, price and discount moves over August (12:46). […]

Sectors
01 Sep 2023
3i Infrastructure 3I

QD View – Mind the gap

I was asked recently about the Murray International trust (MYI) and whether investors should stick with the fund as its long-term manager, Bruce Stout retires in 2024. While I actually quite like the current structure of the portfolio, its performance highlights the risks associated with relatively extreme positioning. The company’s annualised share price total return […]

Sectors
Companies
01 Sep 2023
Scottish Mortgage climeworks thumbnail

Scottish Mortgage stock stories: Climeworks

What if it were possible to capture CO2 directly from the air and lock it away permanently? Scottish Mortgage holding, Climeworks wants to inspire 1 billion people to remove CO2 from the air to help tackle legacy and unavoidable carbon emissions. “Climeworks is the first direct air capture company to deliver third-party certified carbon dioxide […]

01 Sep 2023
Henderson European Focus Trust HEFT Tough Year

Henderson European Focus manager, John Bennett, to retire

After over 43 years in financial services, including 13 years as Manager of Henderson European Focus Trust (HEFT), veteran fund manager John Bennett (pictured) is retiring from the asset management industry and Janus Henderson Investors at the end of August 2024. In the meantime, John will continue to work closely with both co-fund manager, Tom […]

Sectors
01 Sep 2023
230901 SOHO - Four properties sold

Triple Point Social Housing REIT sells four assets in line with book values

Triple Point Social Housing REIT (SOHO) has announced that it has completed on the sale of four specialised supported housing properties, for a total of £7,586,600, to a private UK real estate investment firm. The sale price reflects a gain of £663,136 (9.6%) against the total purchase price (excluding transaction costs) and is principally in […]

Sectors
01 Sep 2023
Two men wrestling, one has the other pinned to the floor

ThomasLloyd Energy Impact issues notice for second requisitioned EGM

ThomasLloyd Energy Impact (TLEI) has announced a date for the second EGM requisitioned by the manager (which holds around 15% of the trust’s shares), which is to be held on Monday 25 September 2023 at 10.00 am (at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH). We have been following this […]

01 Sep 2023
a newspaper poking through a letterbox 230731 morning

QuotedData’s morning briefing 1 September 2023 – UKW, GSF, CORD, HMSO

In QuotedData’s morning briefing 1 September 2023: Greencoat UK Wind (UKW) has announced that it has completed the acquisition of South Kyle wind farm, in Scotland, from Vattenfall Wind Power Ltd. The transaction was first announced on 27 April 2020 (click here to read our coverage of this) with payment for the subsidy-free project due once […]

31 Aug 2023
a stack of newspapers next to a mug of tea 230601 morning 2

QuotedData’s morning briefing 31 August 2023, BCPT, NAVF, IIP

In QuotedData’s morning briefing 31 August 2023: Balanced Commercial Property Trust (BCPT) says it has secured two key leasing initiatives in its industrial portfolio. At unit 8, Hams Hall Distribution Park, Birmingham, Nestle Purina, a leading pet care and food company, has agreed a 10-year lease extension commencing March 2025, with a break at the […]

Companies
30 Aug 2023
an aerial view of the sussex junction industrial development at bolney west sussex. The site's proximity to the M23 motorway is highlighted in red.

UK Commercial Property lets Sussex Junction development

UK Commercial Property REIT has fully let Sussex Junction, its brand new 107,000 sq ft industrial development in Bolney, West Sussex. Birch Sussex Ltd., an asset storage and concierge business, has let the c. 47,000 sq ft Unit 1, on a 15-year lease without break, which increased the rental rate of the property to £14.50 […]

30 Aug 2023
a cup of coffee sits on a wooden board

QuotedData’s morning briefing 30 August 2023 – AERI, AJOT, AWEM, LMP

In QuotedData’s morning briefing 30 August 2023: The board of Aquila European Renewables (AERI) has announced the appointment of Myrtle Dawes as a non-executive director with effect from 1 September 2023. Myrtle has over 30 years’ experience of the energy sector, both in the UK and overseas. She is CEO of the Net Zero Technology […]

Companies
29 Aug 2023
a green cup sits on a pile of books

QuotedData’s morning briefing 29 August 2023 – BOOK, HGEN, JADE, BYG

Literacy Capital (BOOK) is pleased to announce that it has sold an unspecified asset in full, generating a strong return for shareholders and a substantial amount of cash, which will ultimately fund future investments. The company highlighted that this was one of its largest assets, which was sold at a >50% premium to carrying value. […]

Companies
25 Aug 2023
250823 QD view - tide out

QD view – What if the tide goes out further?

Reflecting the challenging macroeconomic backdrop, the last six months have been an uncertain period in markets. Key amongst investors’ concerns has, at least until recently, been stubbornly high inflation in most developed markets, particularly in Europe and the UK specifically. This had refused to roll over despite energy prices – a key factor a behind […]

Sectors
Companies
25 Aug 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news update 25th August 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: • US Solar (0:39) • Ruffer (4:03) • Thomas Lloyd Energy Impact (9:19) • Ediston Property (12:40) • Home REIT (14:06) This week’s interview was […]

Geographies
  • Asia
  • Global
  • North America
  • UK
Sectors
Companies
25 Aug 2023
Shaftesbury optimistic for London recovery

abrdn UK Smaller Companies Growth struggles against market headwinds

abrdn UK Smaller Companies Growth Trust (AUSC) has released annual results for its financial year ending 30 June 2023. Over the 12 month period AUSC generated a negative NAV total return of -7.4% and a negative share price total return of -6.8%, both of which underperformed their reference index, the Numis Smaller Companies plus AIM […]

Sectors
25 Aug 2023
QuotedData's morning briefing

QuotedData’s morning briefing 25 August 2023 – NBDD, BSLF, CAL

In QuotedData’s morning briefing 25 August 2023: NB Distressed Debt Investment Fund (NBDD) has made a $3.7m capital distribution for its extended life share class, the NBDX shares. This was achieved via a compulsory partial redemption of NBDX shares at a price equal to $1.0314 per share, with 7.6% of share capital being redeemed. Blackstone […]

24 Aug 2023

ThomasLloyd Energy Impact Trust fails continuation vote

Following ThomasLloyd Energy Impact Trust’s (TEIL) adjourned AGM, it has been announced that the company has failed its continuation resolution. Shareholders representing approximately 58% of the votes cast voted against the continuation resolution, in line with the board’s recommendation. Of the total votes cast by shareholders that are independent of the company’s investment manager, ThomasLloyd […]

24 Aug 2023

QuotedData’s morning briefing 24 August 2023 – CORD, PEY, NBMI, GABI

Cordiant Digital Infrastructure (CORD) announced that it has entered into an agreement to acquire the entire issued share capital of Speed Fibre, Ireland’s leading open access fibre infrastructure provider. Speed Fibre is being acquired from the Irish Infrastructure Fund for a total enterprise value of €190.5m. The equity consideration of €97 million will be funded […]

Companies
23 Aug 2023
230823 RICA Ruffer Buybacks

Ruffer ends 19-year run of no buybacks

Ruffer Investment Company (RICA) has announced that it has undertaken a share buyback. Ordinarily, with just 150,000 shares or 0.039% of its issued share capital repurchased, this wouldn’t be of much interest to investors but this is the first time in its 19-year life (it was launched in 2004) that the multi-asset fund has undertaken […]

Sectors
23 Aug 2023

GCP continues to execute despite NAV pressure

GCP provided a second-quarter update for the period ended 30 June 2023, which highlighted a further 2% fall in NAV. The primary driver of this movement was the increase in discount rates, which was applied across the portfolio’s three sectors: supported living, PFI, and renewable energy. The increased discount rates reflect the current higher inflation […]

Sectors
23 Aug 2023
a cup of coffee sits on a wooden board

QuotedData’s morning briefing 23 August 2023 – RSE, CTPE, CYN, HOME

Riverstone Energy Limited (RSE) announced that it has entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt. CT Private Equity Trust (CTPE) announced its results for the half year ended 30 June 2023. Share price total return for […]

Companies
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