Land Securities results for the year ended 31 March 2015 show a 27.6% increase in adjusted diluted net asset value per share, a 2.5% increase in adjusted diluted earnings per share and they are upping the full year dividend by 3.7% to 31.85p. The ungeared total property return for the year was 23.0%, outperforming the 17.1% return […]
VPC Speciality Lending has announced that it is now 70% invested – well ahead of its target of getting the proceeds of its IPO invested within six months. They say the yield on the existing portfolio, which is currently unlevered, is in line with expectations in order to meet the targeted net dividend yield of […]
The six months to the end of March 2015 have been a difficult time for BlackRock Frontier Markets. the MSCI Frontier Markets Index has returned -7.4% over this time – well behind the 6.6% return generated by the MSCI Emerging Markets Index. The fund’s asset value outperformed its benchmark, returning -4.2% but the shares moved […]
http://www.thisismoney.co.uk/money/diyinvesting/article-3062370/The-investment-trusts-backing-lending-platforms-10-return.html “Lend-to-save and crowdfunding have become popular areas for investors in recent years and have become an interesting area for debt-focused investment trusts. There are now three investment trusts that put money into these peer-to-peer lending platforms that bypass the banks to connect lenders and borrowers and offer yields of up to 10 per cent. […]
Schroder Real Estate has announced the acquisition of the freehold interest in St. John’s Retail Park in Bedford for £31.8m, reflecting a net initial yield of approximately 6.5%. The property is located approximately 1.5 miles to the south of Bedford town centre and comprises a 130,000 sq ft retail warehouse park let to 12 tenants with […]
Invesco Perpetual Enhanced Income’s interim results for the six months to the end of March 2015 show the fund generating a total return on net assets of 7.9%. They compare this to a 0.6% return on three month LIBOR. The return to shareholders was 8.8%. The quarterly dividends are holding steady at 1.125p per quarter. […]
JPMorgan Income & Capital results for the year ended 28 February 2015 show the fund generated a total return of 5.4% for the year – this lagged the company’s benchmark (90% FTSE 350 excluding investment trusts index and 10% Barclays Global Aggregate Corporate Bond Index) by 0.4%. Corporate bond returns exceeded returns on equities during […]
Murray International has secured a £50m loan facility from the Royal Bank of Scotland. This was drawn in full on 13 May 2015 and fixed for five years at an all-in rate of 2.4975%. The new facility has been used to repay a maturing Yen 8.4 billion loan with RBS. MYI : Murray International secures […]
Green REIT has entered into a conditional contract for the acquisition of One Albert Quay, a grade A office building under construction in Cork city centre, with pre-lets agreed for over half of the building. One Albert Quay is being developed by JCD Group, led by CEO John Cleary, a local developer with a strong […]
North Atlantic Smaller Companies’ figures for the year ended 31 January 2015 show the fund generating a return on net assets of 13.5% and a return to shareholders of 15.3% (benefiting from a narrowing of the discount from 21.5% to 19.7%). These numbers are ahead of the Russell 2000 Index, which returned 12.5% and the 2.9% […]
River & Mercantile Micro Cap has issued its first interim results, covering the period from incorporation, through its launch on 2 December 2014 through to the end of March 2015. Over that period its net asset value total return was 5.3%, just ahead of the 5% return posted by its benchmark. The return to shareholders […]
Henderson European Focus Trust outperformed its benchmark over the six months ended 31 March 2015, generating a return on net assets of 14% compared to a 10.0% return on the FTSE World Europe ex UK Index. Shareholders did even better than that as the discount narrowed, giving them a return of 16.9%. The interim dividend […]
Highcroft Investments has acquired the entire issued share capital of B L (Wisbech) Ltd together with its wholly owned subsidiary Belgrave Land (Wisbech) Ltd from its six private shareholders. B L (Wisbech) Ltd and Belgrave Land (Wisbech) Ltd own a single asset, the Belgrave Retail Park in Wisbech, Cambridgeshire, which comprises a freehold retail warehouse park totalling 56,082 […]
SVG Capital has announced this morning that funds advised by Permira have signed a definitive agreement to sell New Look to Brait SA. The transaction values SVG Capital’s holding in New Look at £37 million, a £15 million uplift (8p per share) to the 31 January 2015 valuation of £22 million. New Look is a leading […]
International Public Partnerships Limited, “INPP”, has announced that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure and Transmission Investment has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission project. The latest scheme, comprising the transmission cable connection to Westermost Rough Offshore Wind Farm represents the sixth such project […]
Kennedy Wilson Europe is paying €30m for Puerta del Sol 9, a high street property in the iconic Plaza Puerta del Sol in Madrid. Plaza Puerta del Sol is a landmark location in the heart of Madrid’s city centre offering a wide range of restaurants, shops, cultural sights and attractions. Recently, the plaza benefitted from […]
RIT Capital Partners is borrowing £151m in three tranches of fixed rate debt with maturities in 10, 15 and 20 years time. They will be unsecured and pay fixed interest semi-annually at annualised coupons of between 3.00% and 3.56%, with a weighted average of 3.45%. The Notes were priced on 22 April 2015 and the funding […]
Standard Life Equity Income Trust is publishing its half year results for the six months ended 31 March 2015. The total return on net assets came in well ahead of the return in the benchmark (FTSE All-Share Index) at 12.8% vs. 5.3%. The share price return though was 5.7% – still ahead of the benchmark […]
Alliance Trust is to buy Stocktrade from Brewin Dolphin in an effort to bolster its Alliance Trust Savings business. They say the deal has the potential to add more than 48,000 new customers and £4.6bn of new assets into ATS across three main channels; direct customers, intermediary customers and strategic partnerships. The purchase price is […]
British Land’s results for the year ended 31 March 2015 have been published. The EPRA NAV rose by 20.5% to 829p. They have declared a quarterly dividend of 6.92p; bringing the full year to 27.68p (2014: 27.0p) and the first quarter dividend for the new financial year will be 7.09p, an increase of 2.5%. The NAV increase […]
3i Group’s annual results for the year ended 31 March 2015 show the company performing well with NAV increasing by 14% to 396p per share (despite foreign exchange losses of 12p per share). Management report that all three businesses are performing well. The private equity portfolio saw realisations worth £831m, investment of £369m across four transactions and an […]
NewRiver Retail has published its annual results for the year ended 31 March 2015, which management describe as their best financial year to date. These show a 14% increase in its EPRA NAV to 265p (2014: 240p). It was a busy year for the company during which it raised £75m of equity (to fund £71 million acquisition from its joint venture […]
Hansteen has sold its Hansteen UK Industrial Property Unit Trust II for £192.1m to a fund advised by Brockton Capital LLP in a partnership with Dunedin Property. The deal adds about £5m to Hansteen’s end December asset value. They launched the unit trust in May 2013 with £107m investment from them and clients of Aviva Investors. They […]
Finsbury Growth & Income’s interim results for the six month period that ended on 31 March 2015 demonstrate why it is so popular with investors. The total returns on both net asset value and share price were 17.4% and 17.3% respectively while the return on the FTSE All-Share Index was just 5.3%. The first interim […]
3i Infrastructure’s results for the year ended 31 March 2015 demonstrate the positive impact on the business from their sale of Eversholt Rail. The total return on net assets for the period was 24.6%. The dividend is upped from 6.7p to 7p and a 17p special dividend is planned for July. They plan to pay a […]
JZ Capital has announced results for the year ended 28 February 2015 show that the fund generated a total return on net assets of 8.9%. They declared a second dividend of 17.5 cents per share for the six months ended 28 February 2015, compared to 16.0 cents for the period ended 28 February 2014. Having […]
LXB Retail has published figures for the six months ended 31 March 2015. It was a busy period for the company with a number of major deals announced within the portfolio. The net asset value climbed by 5.57p as the value of its property portfolio was marked up by £12.1m. The company faces a continuation […]
Keystone’s interim results for the six months ended 31 March 2015 show the fund’s net asset value delivering a total return of 7.8% – ahead of the 5.3% return generated by the FTSE All-Share Index. The return to shareholders was 7.2%. The dividend was maintained at 18p per share. The report says holdings in Reynolds […]
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