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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).

06 Jul 2023
a paper, a criossant and a mug of something 230601 morning 3

QuotedData’s morning briefing 6 July 2023

In QuotedData’s morning briefing 6 July 2023: TwentyFour Select Monthly Income (SMIF) says 3,939,187 shares were tendered to its quarterly tender offer. 500,000 of these were purchased by Numis and the rest have been bought back into treasury – all at 72.62p per share. JPMorgan Multi Asset Growth and Income (MATE) passed its continuation vote […]

Companies
05 Jul 2023
a green cup of something hot - tea or coffee? - sitting on an open bookon which is also resting what looks like a napkin 230406 morning

QuotedData’s morning briefing 5 July 2023

RTW Biotech Opportunities (RTW) provided an update on its intended use of proceeds from its holding in Prometheus Biosciences, Inc., following its acquisition by Merck. The sale resulted in total proceeds of $99.1 million on total invested capital of $8.4 million, representing a 11.8x multiple. RTW plans to split the proceeds across a series of […]

Companies
04 Jul 2023
Augmentum's logo against a white background

NAV resilient but shares fall for Augmentum Fintech 

Augmentum Fintech  (AUGM) announced its audited annual results for the year ended 31 March 2023. NAV per share increased by 2.4%, however shares fell 27.1% with the company’s discount widening to 37%. Chairman Neil England commented on the performance, noting: “Shareholders will be fully aware of the significant market volatility throughout the year under review. […]

Sectors
04 Jul 2023
230601 morning 1

QuotedData’s morning briefing 4 July 2023

Princess Private Equity (PEY) announced an update for the month of May with NAV improving by 2%. The positive performance was mainly driven by positive foreign exchange movements as the Euro depreciated in May against the US dollar. A number of portfolio companies also materially contributed, with KinderCare being the most notable. KinderCare is the […]

Companies
03 Jul 2023

QuotedData’s morning briefing 3 July 2023

In QuotedData’s morning briefing for 3 July 2023 Riverstone Energy (RSE) has provided an update on its share buyback program, whereby it has entered into an agreement with JPMorgan and Numis to buyback shares through a non-discretionary programme, subject to certain pre-set parameters. This programme will continue from today to the publishing of its next […]

30 Jun 2023
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 30th June 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: • Blackstone Loan Financing (0:34) • Mid Wynd International (6:45) • Ecofin US Renewables (10:30) This week’s interview was with Gervais Williams from Miton UK […]

Sectors
Companies
30 Jun 2023

QD view – University challenge

As the UK continues to grapple with high inflation and interest rates, investing in property is not for the faint-hearted. One of the strongest options, however, appears to be student accommodation. The fundamentals supporting growth in the sector are striking. University applications continue to rise – both from domestic students and more rapidly from overseas […]

Sectors
30 Jun 2023
Chelverton Growth Trust has decided to wind up

Chelverton has another difficult year

Chelverton UK Dividend Trust (SDV) has released its annual results for the 12 month period ending 30 April 2023. SDV’s NAV per share fell by -15.3%, and its share price fell by -9.4%. Total assets, including its revenue reserve, fell by -8.7%. Over the same period the MSCI Small Cap Index fell by -5.2%. SDV […]

Sectors
30 Jun 2023

New operator takes over Tuffnells leases at Urban Logistics REIT sites

DX Group Plc has reached an agreement with the administrator of Tuffnells over the running of its UK logistics sites. Urban Logistics REIT (SHED) has 12 sites let to Tuffnells, which fell into administration earlier this month. Nine of the 12 leases, which in total account for 3.3% of SHED’s income, will eventually be transferred […]

Sectors
30 Jun 2023

JARA’s results show the benefits of a strong dollar

JPMorgan Core Real Assets (JARA) has released annual results for its financial year end 28 February 2023. Over the 12 month period JARA reported a NAV total return of 11.6% and share price total return of 7.0%. A major factor in driving JARA’s positive performance was its unhedged currency exposure, particularly its large exposure to […]

Sectors
30 Jun 2023
a stack of newspapers next to a mug of tea 230601 morning 2

QuotedData’s morning briefing 30 June 2023

QuotedData’s morning briefing 30 June 2023: CLS Holdings (CLI) has secured a 30-year lease with the City of Essen at it office scheme The Brix, in Essen. The City of Essen will take 17,400 sqm (187,292 sq ft) of space, with the lease benefiting from indexation. CLS will spend €20m over the next three years […]

Geographies
  • Europe (EU and EEA ex UK)
  • Global
  • UK
29 Jun 2023
230629 ANII

abrdn New India seeks exposure to pre-IPO opportunities

abrdn New India has published results covering the 12 months ended 31 March 2023. Over the period, the NAV return was -8.0% and the return to shareholders was -8.9%. Both are a little worse than the -6.0% return delivered by the MSCI India Index. The chairman notes that one of the most significant drivers of […]

Sectors
29 Jun 2023
230629 seqi robert jennings

Sequoia Economic Infrastructure chairman bemoans discount widening

Sequoia Economic Infrastructure’s chairman has bemoaned the discount widening that hit the fund over its latest reporting period, but investors may have concerns about credit quality. Sequoia Economic Infrastructure has published annual results covering the 12 months ended 31 March 2023. Over that period, it delivered an NAV return of -0.9% and a share price […]

Sectors
29 Jun 2023
picture of the Whirlwind wind farm in Texas at dawn or maybe dusk 230629 RNEW whirlwind

Temporary dividend cut at tornado-hit Ecofin US Renewables

In an update to Monday’s story, Ecofin US Renewables says that it will likely be forced to cut its dividend following the loss of income from its Whirlwind project. The tornado that hit Matador Texas on 21 June 2023 killed four people and injured 15 others, making it the deadliest Texan storm since 2015. The […]

29 Jun 2023
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 29 June 2023

In QuotedData’s morning briefing 29 June 2023: Secured Income Fund (SSIF) will make a seventh return of capital amounting to £3,159,621 by issuing B shares to ordinary shareholders and then redeeming them. To be eligible, shareholders must be on the register on 6 July. The money should be paid around 17 July. This takes the […]

Companies
28 Jun 2023
230131 APEO Private Equity

abrdn Private Equity Opportunities shows NAV resilience

abrdn Private Equity Opportunities (APEO) has announced its interim results for the six months ended 31 March 2023. Key highlights from the results announcement are as follows: Performance – NAV total return (NAV TR) for the six months to 31 March 2023 was 3.0%. The valuation of the underlying portfolio increased by 5.4% during the […]

28 Jun 2023

SDCL Energy Efficiency Income targeting 4% dividend increase for current financial year

SDCL Energy Efficiency Income (SEIT) has announced its annual results for the year ended 31 March 2023. Key highlights from the report are as follows: Net Asset Value (NAV) per share of 101.5p as at 31 March 2023 (31 March 2022: 108.4p), which includes a reduction of 7.3p from 70bps increase in weighted average unlevered […]

Sectors
28 Jun 2023
a paper, a criossant and a mug of something 230601 morning 3

QuotedData’s morning briefing 28 June 2023

In QuotedData’s morning briefing 28 June 2023: Atrato Onsite Energy (ROOF) has signed a power purchase agreement (PPA) to sell the electricity generated by Project Skeeby, a 50MW solar PV project in Richmond, North Yorkshire. As announced in April, Skeeby is a recent acquisition and is currently under installation, with an expected energisation date of […]

Geographies
  • Europe (EU and EEA ex UK)
  • Global
  • North America
  • UK
Sectors
Companies
27 Jun 2023
221130 CHRY

Chrysalis is starting to consider its future as five-year IPO anniversary approaches

Chrysalis Investments reports a 12% fall in its NAV over the six months ended 31 March 2023 to 130.02p per share. The share price fell from 61.7p to 58.7p. The chairman notes that the decrease reflects movements in both peer group stock market valuations and the tougher capital market conditions for both ‘follow on’ and […]

Sectors
27 Jun 2023
230627 mwy louis florentin lee baranaby wilson

Lazard takes on Mid Wynd

Mid Wynd’s board has decided that, in the wake of personnel changes at Artemis, it intends to appoint Lazard Asset Management LLC as its alternative investment fund manager (AIFM) and Lazard Asset Management Limited as its investment manager. In conjunction with the appointment of Lazard, the company intends to appoint a third-party company secretary and […]

Sectors
27 Jun 2023

QuotedData’s morning briefing 27 June 2023

In QuotedData’s morning briefing 27 June 2023: RTW Venture Fund has changed its name to RTW Biotech Opportunities. The Guernsey registry has confirmed the name change, effective 22 June 2023. The ticker remains the same (RTW). Seed Innovation’s (SEED) results show [deep within the text] that its NAV fell from £20.461m to £16.032m, or 9.62p […]

Companies
26 Jun 2023

Blackstone Loan Financing to be wound up

Blackstone Loan Financing (BGLF) has announced that following extensive consultation with external advisors, the trust has unanimously recommended to shareholders to vote in favour of a managed wind-down. While BGLF has generated strong performance over its nine-year life, the board felt that the current factors weighing on the trust are sufficient to justify its wind-down. […]

Sectors
26 Jun 2023

JSGI is swept up in the wider growth selloff

JPMorgan Japan Small Cap Growth & Income (JSGI) has announced its annual results for the year ending 31 March 2023. Over the 12 month period JSGI reported a NAV total return of -5.7% and share price total return of -7.8%. This is compared to the positive 5.0% return of its benchmark, the MSCI Japan Small […]

Sectors
26 Jun 2023
a green cup sits on a pile of books

QuotedData’s morning briefing 26 June 2023

In QuotedData’s morning briefing 26 June 2023: US Solar Fund (USF) has announced that it has reached the financial close on the sale of 50% of its interest in the 200MWDC Mount Signal site to MN8 Energy (formerly known as Goldman Sachs Renewable Power), with the binding sale agreement having been made in April 2023. […]

Companies
23 Jun 2023
230623 QD view - Bargain Britain - Sale Discount cheap

QD view – Bargain Britain

There’s been a surprising amount going on in markets this week, what with UK inflation, which many commentators have been suggesting is rolling over, remaining stubbornly high at 8.7% over the year to end of May 2023. This was unchanged from the previous month and was higher than had been expected, in view of energy […]

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

QuotedData’s weekly news show 23rd June 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: • Civitas Social Housing (0:33) • abrdn Diversified Income & Growth (4:03) • Monks (13:34) This week’s interview was with Jonathan Hick from Triple Point […]

Sectors
Companies
23 Jun 2023

CK Assets receives enough support for Civitas buyout

CK Assets has received enough support from shareholders for its 80p bid for Civitas Social Housing and the offer has now become unconditional. Just over 64% of Civitas shareholders (including CK Assets’ 17% holding) accepted the bid, which was made on 9 May and was a 27% discount to net asset value (NAV) but a […]

Sectors
23 Jun 2023

Fondul Proprietatea’s Hidroelectrica publishes IPO prospectus

Fondul Proprietatea has announced that The Romanian Financial Supervisory Authority (FSA) has approved the publication of a prospectus in relation to initial public offering (IPO) by the Fund of Hidroelectrica’s existing ordinary shares. Hidroelectrica has applied for admission to listing and trading of its shares on the regulated market of the Bucharest Stock Exchange (BSE). […]

Sectors
23 Jun 2023
230623 PEY Confusion

Princess Private Equity announces sudden withdrawal of nominations for two directors

In a very unusual move, Princess Private Equity (PEY) has announced that two of its directors, Steve Le Page and Felix Haldner, have decided to withdraw their nominations for the company’s AGM, which is scheduled for today. PEY has not provided any explanation for the sudden development, which will almost certainly lead to speculation as […]

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