News

Henderson Far East Income says its net asset value total return per ordinary share was 5.8% for the six months ended 29 February 2016. This compares favourably with the 3.9% total return on the FTSE All-World Asia Pacific ex Japan Index (sterling adjusted) over the same period. The share price total return per ordinary share […]

Premier Energy and Water Trust has announced that it has published a prospectus in connection with a placing programme. Shareholders approved the scheme, which allows for the company to issue up to 20m shares, at a general meeting on 19 April 2016. The company’s board say that it will enable them to promptly respond to investor demand […]

 Foreign & Colonial Investment Trust has agreed to issue fixed rate senior unsecured private placement notes in tranches of (i) GBP25 million principal with a 12 year tenor, at a coupon of 2.80% and (ii) GBP50m principal with a 15 year tenor, at a coupon of 3.16%.  The funding date for the notes is expected […]

BlackRock Greater European says its undiluted net asset value per share increased by 2.1%, compared with a decrease of 0.8% in the FTSE World Europe ex UK Index. Over the same period, the Company’s share price rose by 3.2% (all percentages calculated in sterling terms with income reinvested). Since the period end to 18 April 2016, the […]

The Board of JPMorgan Elect has announced that heads of terms have been agreed with the board of JPMorgan Income & Growth Investment Trust in relation to that company’s forthcoming reconstruction. JPMorgan Income & Growth, with £67.4m of net assets, has a fixed life and is due to wind up on or around 30 November […]

Threadneedle UK Select Trust’s net asset value total return was 5.7% for 2015, which compares favourably with the 1.0% total return from the FTSE All-Share Index, the benchmark against which the investment manager’s performance is measured. During the year under review, the share price decreased by 2.9% from 171.5p to 166.5p and the discount at which the […]

HICL Infrastructure Company Limited has announced the acquisition of a 30% interest in the M1-A1 Link Road (Lofthouse to Bramham) DBFO Road Project from Balfour Beatty plc for £14.5m. The project is a 30 year shadow toll PFI concession for the design, construction, financing, operation and maintenance of a motorway linking the M1, M621 and […]

Between 31 December 2014 and 31 December 2015, NB Global Floating Rate Income’s NAV per share dropped by 3.77% and 3.56% for the U.S. Dollar Ordinary Share and Sterling Ordinary Share, respectively. The NAV return plus dividends declared in the year was 0.08% and 0.32% for the U.S. Dollar Ordinary Shares and Sterling Ordinary Shares, […]

The Board of the Bluefield Solar Income Fund Limited has entered into a binding sale and purchase agreement to acquire a 4.1 megawatt peak (“MWp”) ground-mounted solar photovoltaic (“PV”) plant and announces the successful connection prior to 31 March 2016 of the construction assets previously acquired. Bluefiled Solar Income has acquired Bluefield Harrier Limited for £14.4m (including working […]

Standard Life Investments Property Income delivered both strong NAV and share price performance over the course of 2015. The NAV total return for the year was 15.5%, driven by strong capital growth in the property portfolio. The share price total return was 15.5% and the Company’s shares continued to trade at a premium to NAV of […]

Jupiter Dividend & Growth Trust outperformed the FTSE All-Share Index by some margin in 2015 – the total assets rose by 6.9% against a 2.5% fall in the index (both capital only).  The fund has zero dividend preference shares, whose net asset value rose by 7%; ordinary income shares, whose asset value rose marginally from […]

During 2015, the Third Point Offshore’s net asset value depreciated approximately 3% across both share classes (-2.58% on the US dollar share class and -2.92% on the Sterling share class). The performance was driven primarily by negative returns in the long equity portfolio managed by Third Point LLC (the “Investment Manager”) in the volatile investment environment […]

  LIM Asia Multi Strategy has published its reasons for requisitioning a meeting to restructure Atlantis Japan. We reproduce this in full below: “Proposal for the reconstruction and/or liquidation of Atlantis Japan Growth Fund Limited (“Atlantis Japan” or “the Fund”) LIM Advisors has published a letter to shareholders of Atlantis Japan (“Shareholders”), detailing its concerns […]

On 25 March 2015 the GCP Infrastructure announced the completion of a loan with an aggregate value of £59.7 million secured on a senior basis against the cash flows arising from a number of portfolios of domestic solar panel installation in England. They have now announced the completion on 14 April 2016 of a refinancing by Aviva of […]

Aberdeen Latin American Income says, in the six month period ended 29 February 2016, the NAV total return (capital return plus dividends reinvested) in sterling terms fell by 0.2% which underperformed the composite benchmark’s total return of 0.9% for the same period. The shares delivered a share price total return of -6.2% for the six months. They […]

Custodian REIT has acquired a high street retail unit in Chester, let to TSB Limited and Ciel (Concessions) Limited (trading as Chesca).  The property is located in the city centre on the pedestrianised Eastgate Street near Cath Kidston, Jack Wills, Kuoni Travel, H Samuel, Fat Face and Jaeger. The tenants’ leases expire between September 2019 […]

Invesco Perpetual UK Smaller Companies says, for the year ended 31 January 2016 the net asset value rose by 10.9%, on a total return basis, an outperformance of 7.1% versus the benchmark index of the Company, the Numis Smaller Companies Index (excluding Investment Companies), which returned a lesser 3.8%. When compared to the wider UK stock […]

In accordance with the proposals for the reconstruction, voluntary winding-up and rollover of Henderson Global Trust into Henderson International Income Trust and/or The Bankers Investment Trust, Henderson Global’s Board has announced that the special resolutions put forward at the Ordinary Share Class Meeting and the First General Meeting, both held on Friday 15 April, have been approved by […]

Middlefield Canadian has just published its results for 2015. In 2015, the Fund outperformed the S&P/TSX Composite High Dividend Index by over 12%, with a total return (in GBP) of -11.8% versus the benchmark total return of -24.1% (in GBP) over the same period. Having got permission to increase the fund’s exposure to the US, […]

GCP Student Living has announced that it has entered into a conditional forward purchase agreement to acquire, what it describes as, a high specification, purpose-built, private student accommodation residence adjacent to Royal Holloway, University of London. The property is expected to be completed for the 2017/18 academic year providing approximately 170 beds. The purchase price […]

ICG Enterprise Trust, formerly Graphite Enterprise Trust, has announced its annual results for the year ended 31 January 2016. During the year, the trust’s NAV per share increased by 8.2% to 731p, whilst its share price fell by 1.9% reflecting a widening of the discount during the period. This compares against a 4.6% fall in […]

Sequoia Economic Infrastructure Income has announced that, “in light of the continued attractive investment environment and a growing number of opportunities in the economic infrastructure debt market, the Board of the Company is considering raising additional capital through the issuance of C Shares”. The Company says that it has deployed over 95% of the proceeds […]

Amedeo Air Four Plus has announced that, on 13 April 2016, it purchased its sixth A380 aircraft (directly from Airbus) at a net cost of US$275m. The purchase was as anticipated in the company’s prospectus dated 3 December 2015 and was conducted via its wholly-owned subsidiary AA4P Zeta Limited. Following the acquisition of the Aircraft, […]

Oakley Capital Investments Limited (OCL) has announced its annual results for the year ended 31 December 2015. During the second half of the year, the company’s NAV per share increased by 9.9% to £2.00 (30 June 2015: £1.82) but the company says that this fair value increase was countered by the expected short-term dilutive impact […]

Greencoat UK Wind has announced proposals to launch a programme to issue up to 300m new shares. The company says that the proceeds of the programme will be used,” to pay down the company’s revolving facility agreement enabling the company to pursue further attractive investment opportunities”. and that it plans to issue the shares, over the next […]

Scottish Oriental Smaller Companies has published its interim results for the six-months ended 29 February 2016. During the period the trust’s NAV per share increased by 5.9% in total return terms, while the MSCI AC Asia ex Japan Index recorded a sterling adjusted increase of 3.1 per cent and the MSCI AC Asia ex Japan […]

The Renewables Infrastructure Group has announced proposals to issue up to 300m new ordinary shares (and/or c shares) in the company to take advantage of investment opportunities going forward. The proposals are conditional on the approval of shareholders at an EGM, which is currently scheduled for 4 May 2016, and the company expects to publish a prospectus […]

LondonMetric Property has announced that it has exchanged contracts on the sale of its freehold Odeon Multiplex Cinema, in Taunton, Somerset, for £9.1m. The purcasher is the Asda Pension Fund and the sale price reflects a net initial yield of 5.5%. The eight screen, 27,000 sq ft cinema is let to Odeon Cinemas Ltd for a […]