The Board of UK Mortgages Limited has announced that the second transaction for UKML has been agreed. Since UKML’s launch, TwentyFour has sought a mortgage origination partner to facilitate an ongoing flow of mortgage loans that fit the investment policy. Over the past few months, the team has worked with The Mortgage Lender Limited (“TML”) to develop […]
British Land announces that it has exchanged contracts for the sale of 334-348 Oxford Street, London to a private investor for GBP400 million. The asset is a seven storey building located near Bond Street Underground Station in London’s core West End shopping district. The building is let in its entirety to Debenhams until 2039. In […]
TwentyFour Income Fund has published its results for the year ended 31 March 2016. They say the twelve month period to the end of March 2016 was one which presented significant ongoing issues to all markets from a variety of sources. Whilst the period saw the Company’s NAV per Share and Share Price drop 16.74p […]
Hammerson, together with its joint venture partner Allianz Real Estate, has successfully secured the ownership of Dundrum Town Centre, Ireland’s pre-eminent shopping and leisure destination as part of a portfolio of market-leading retail assets in Dublin, Ireland. Hammerson and Allianz acquired loans secured against a portfolio of retail assets in September 2015 from the National Asset […]
During the six months to 31 May 2016 Polar Capital Global Financials generated a fully diluted Net Asset Value total return of -0.59%. The portfolio’s benchmark, the MSCI World Financials Index (Total Return with dividends reinvested), returned -0.84% over the same period. The price of the ordinary shares closed the period at 97.75p, a decline of […]
GLI Alternative Finance plc announces that it has posted a circular convening a general meeting of the Company at which it will be proposed that certain changes are made to the investment restrictions of the Company. The Proposals are subject to approval by shareholders of the Company at the General Meeting. Upon launch in September […]
Riverstone Energy has announced that it has signed an agreement, alongside other funds affiliated with Riverstone Holdings, LLC, to acquire a majority stake in Centennial Resource Development LLC from NGP Energy Capital and certain other related coinvestment funds. Centennial is an exploration and production company focused on the acquisition and development of oil and liquids-rich […]
Artemis Alpha has published results for the year ended 30 April 2016. The Company’s net asset value per share fell by 6.1 per cent during the year on a total return basis. This compares with a fall of 5.7 per cent in the FTSE All-Share Index over the same period. Although the quoted investments were […]
On 31 May 2016, Ecofin Water & Power Opportunities plc published a circular and notice of general meeting to be held on 24 June 2016 at which the Company’s shareholders would vote on the continuation of the Company. The circular contained details of a proposed scheme of reconstruction of EWPO under section 110 of the […]
Caledonia Investments has announced that it has agreed terms to acquire The Liberation Group Limited, the Channel Islands’ market leading pub, restaurant and drinks business, from LGV Capital, part of Legal & General Capital, the principal investment arm of Legal & General Group, in a transaction which values Liberation at GBP118m. Led by Chief Executive […]
Victory Park Capital Advisors, LLC, the investment manager to VPC Speciality Lending, has agreed an amendment to the investment management agreement with the Company. Under the revised agreement, Victory Park Capital Advisors will invest 20 per cent. of its monthly management fee received from the Company into shares in the Company at the prevailing market […]
The independent Board of Standard Life Property Income Trust notes the announcement made yesterday by Standard Life Investments to suspend trading in the Standard Life Investments UK Real Estate Fund, an open ended Property Authorised Investment Fund (“PAIF”). The Board would like to emphasise that Standard Life Investments Property Income Trust , being a closed […]
On 4 July 2016, it was disclosed that Crystal Amber Fund Limited had acquired a disclosable interest of 3 per cent of the issued share capital of Northgate. In September 2012, Crystal Amber invested in Northgate and following successful engagement, exited the position in April 2015. Since then, Northgate’s share price has fallen by approximately 50%. […]
Polar Capital Technology’s results for the year ended 30 April 2016 have been published. The global technology sector performed better than the broader indices for most of the financial year but finished in line with the FTSE World Index after a sharp decline in several of the leading technology stocks in April. Polar Capital Technology’s […]
For the year to 31 March 2016 BACIT‘s Net Asset Value total return per share was -0.2% and the share price total return was 8.5%. This compares to falls in the MSCI World Index of 3.5% and the FTSE All-Share of 3.9%. BACIT will pay a scrip dividend of 2.2 pence per share on 19 August 2016. Shareholders […]
Over the year to the end of March 2016 Oryx International Growth‘s net asset value rose by 21.3% as compared to a fall of 0.8% in the AIM Index. Gleeson’s share price rose 50% following better than expected results, while Journey Group share price rose 46%, following successful new contracts with Fedex and extensions with […]
Fair Oaks Income Fund has announced that the commitment period of the Master Fund, in which it is invested, ended on 12 June 2016. Reflecting this, the board says that it intends to continue to pay eleven monthly dividends of 0.7 US cents per share and a twelfth interim dividend, “representing an amount in aggregate […]
In December 2015, as previously announced, Leaf Clean Energy filed a lawsuit in Delaware Court of Chancery against Invenergy Wind LLC alleging, in part, that Invenergy breached the Third Amended and Restated Limited Liability Company Agreement governing the membership interests in Invenergy (the “Operating Agreement”). Leaf alleged that Invenergy was required to either obtain Leaf’s […]
The Board of JPMorgan Global Emerging Markets Income Trust has announced that effective from 1st August 2016, Jeffrey Roskell will replace Richard Titherington as the second listed Investment Manager. The Company will continue to be managed primarily by Omar Negyal, with Amit Mehta providing additional support to the team as Deputy Investment Manager. Mr Roskell (pictured) is […]
International Public Partnerships Limited has announced that it has agreed to acquire ten Building Schools for the Future (“BSF”) investments from Balfour Beatty, marking a significant evolution in the Company’s allocation to education infrastructure. The transaction will transform INPP into a majority investor in BSF, the investment delivery vehicle designed to refurbish secondary schools across the […]
Board of Trading Emissions has announced that a settlement has been reached in respect of all of the arbitrations with subsidiaries of Yunnan Dianneng (Group) Holding Co. Ltd. By way of background, in 2014, the Company received notices of arbitration in respect of claims that challenged the amendments that had been made to, in total, […]
Nimrod Sea Assets has published results for the year ended 31 March 2016. The company made various announcements in the early part of the year. These included the decision to effectively halt any further deals and new transactions; to pay four quarterly dividends of 2 cents per share from June 2015 to March 2016, most of […]
Central Asia Metals (CAML) reports H1 2016 copper production from its Kounrad dump leach copper recovery plant, in Kazakhstan, up 27% year-on-year to 6,908 t. Sales were 6,355 t, a 24% increase on H1 2015. The company further reports that the expansion project to exploit the Western dumps, which is being funded from cashflow generated […]
The Board of Private Equity Investor has announced that it has received a proposal to acquire 15 of its Limited Partnership investments. The proposal covers approximately 87% of the NAV of the investment portfolio of the Company. The proposal is priced at a 35% discount to the net asset value of these holdings at 31 December 2015. […]
Miton Global Opportunities has released results for the year ended 30 April 2016. The net asset value per share rose to 182.4p, a total return of 0.4% – there is no dividend. The manager says the company’s shares ended the financial year standing at an all-time high, moving from 162.75p to 164.25p during the year. […]
EP Global Opportunities annunced yesterday that it has hedged the equivalent of £27m of its Japanese Yen exposure back into Sterling. This is the first announcement we have seen of a fund locking in the gais made on its overseas exposure as a result of the recent weakness of the pound. EPG : EP Global […]
Electra has raised €72m from the redemption of preferred equity and from the sale of c28% of its 15% equity interest in Allflex. This is equivalent to a return of 0.8x cost. the retained stake in Allflex has a value, implied by this transaction, of €78m (£65m). Together this repreents a 48% uplift to the […]
