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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 Jun 2024
black tea, cereal and half a grapefruit

QuotedData’s morning briefing 7 June 2024 – PIN

In QuotedData’s morning briefing 7 June 2024: Pantheon International (PIN) has announced that, following the announcement of its capital allocation policy (CAP) on 16 May 2024, it has appointed Investec Bank and J.P. Morgan Securities to undertake an ongoing share buyback programme for the company. The maximum price payable is an amount equal to the […]

06 Jun 2024
Space

Strong momentum for Seraphim Space

Seraphim Space Investment Trust (SSIT) announced its third quarter results for the three-month period ended 31 March 2024. The company saw a NAV total return of 0.8% for the period, a portfolio valuation increase of 1.4%, and a significant jump in the share price of 43%. The strong return was driven by a number of […]

Sectors
06 Jun 2024
Biotechs boost Edinburgh Worldwide

Optimistic outlook for Edinburgh Worldwide as market shows signs of improvement

Edinburgh Worldwide (EDIN) has announced its interim results for the six months to April 20 2024. The company’s NAV increased by 6.4% while the comparative index increased by 15.0%. The share price increased by 13.6% leading to a narrowing of the discount which was 11.49% at the time of publishing. The largest positive contributors to […]

Sectors
06 Jun 2024

Downing Strategic Micro-Cap makes solid progress on managed wind down

Downing Strategic Micro-Cap Investment Trust (DSM) announced its annual results for the year ended 29 February 2024. In November 2023 the board and manager announced the managed winddown of the company and the intention to return at least 20% of NAV to shareholders in early 2024. Since then, authority to change the mandate of the […]

05 Jun 2024
Biotech Growth's NAV shrinks by a quarter

The Biotech Growth Trust outperforms five-fold

The Biotech Growth Trust (BIOG) has released the annual results for its financial year ending 31 March 2024. BIOG reported a 12 month NAV total return of 26.5% and share price total return of 27.1%, outperforming its benchmark, Nasdaq Biotechnology Index, which returned 5.0%. Note that the benchmark will be changed to the Nasdaq Biotechnology […]

Sectors
05 Jun 2024
battery stoage

Gresham House Energy Storage secures revenues for half its portfolio

Gresham House Energy Storage (GRID) has announced that 14 of its projects, representing 568MW/920MWh, have secured fixed price contracts with a subsidiary of Octopus Energy, the UK’s largest electricity provider. This will provide two-year fixed-price contracts for approximately half of the company’s 1,072MW target portfolio starting in a phased manner from 1 July 2024. Octopus […]

Sectors
05 Jun 2024
a newspaper poking through a letterbox 230731 morning

QuotedData’s morning briefing 5 June 2024 – SYNC, SEED, LSAA, ICGT

In QuotedData’s morning briefing 5 June 2024: Syncona (SYNC) has provided an update on one of its portfolio companies, Quell Therapeutics. Quell has announced that it is advancing QEL-001, its autologous, multi-modular engineered CAR-Treg cell therapy, into the efficacy cohort of the Phase I/II trial in liver transplant patients. SYNC comments that “this is the […]

Companies
04 Jun 2024
grand central station

Pershing Square’s manager pulls in $1bn of external money

There was an announcement from Pershing Square Holdings yesterday saying that its manager Pershing Square Capital Management, L.P is now 100% owned by a new limited partnership and that 10% of that limited partnership had been sold to external investors for $1.05bn. The largest shareholder of the new LP is Bill Ackman. The consortium of […]

04 Jun 2024
230818 EBOX Mango, Barcelona

Brookfield mulls bid for Tritax EuroBox

Canadian private equity giant Brookfield Asset Management is mulling an offer for Tritax EuroBox. The company said that it was in the early stages of making an offer for the FTSE 250 company. Tritax EuroBox has a market cap of around £484m, but its shares currently trade at a discount of around 33% to net […]

Sectors
04 Jun 2024
the words octopus renewables infrastructure trust set against a blue sky with a wind turbine on the right hand side

Octopus Renewables Infrastructure Trust launches £10m buyback, rethinks debt

In 2023, Octopus Renewables Infrastructure Trust launched a capital recycling programme. In December 2023 the trust completed the sale of the Krzecin and Kuslin wind farms (totalling 59MW) in Poland, realising net proceeds of about £92m (7% of the total value of all investments as at 30 September 2023) – a 21% premium over the […]

04 Jun 2024
woman looking at an iphone

QuotedData’s morning briefing 4 June 2024 – ROOF, CRS, HOME, LMP, SMIF, GABI

In QuotedData’s morning briefing 4 June 2024: Atrato Onsite Energy  (ROOF) has bought a solar portfolio for £9.3m, using money from its revolving credit facility. The portfolio includes three solar assets with a total capacity of 13MW and comprises: 7.7MW of solar PV systems situated on residential rooftops owned by three different UK housing associations […]

Companies
03 Jun 2024

JPMorgan European Growth & Income benefits from strong stock selection

JPMorgan European Growth & Income (JEGI) has announced its annual results for the year ended 31st March 2024, during which it continued its outperformance in what its chairman, Rita Dhut, says “remains a tricky backdrop of evolving inflation expectations and geopolitical difficulties”. During the year, JEGI provided NAV and share price total returns of 16.8% […]

Sectors
03 Jun 2024

Incremental increase in Blackstone offer for Hipgnosis Songs Fund

On 29 April 2024, the board of Hipgnosis Songs Fund Limited recommended that shareholders accept the $1.30 per share offer made by Blackstone Europe, via its wholly-owned investment subsidiary Lyra Bidco (click here to see our coverage of this). However, on 24 May 2024 it was announced that, with the consent of the Panel, there […]

Sectors
03 Jun 2024
a pair of glasses sitting on the corner of a newspaper

QuotedData’s morning briefing 3 June 2023 – SBO, IIP

In QuotedData’s morning briefing 3 June 2023: Schroder British Opportunities (SBO) has made a new private equity investment in HeadFirst, an international HR tech service provider operating in fifteen European countries. SBO says that the capital invested will be used to finance HeadFirst’s acquisition of managed services and specialist staffing provider, Impellam Group, to create […]

Sectors
31 May 2024
QuotedData’s weekly news show 23rd June 2023 with Jonathan Hick from Triple Point Energy Transition

QuotedData’s weekly news show 31st May 2024

Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: • Foresight Sustainable Forestry (0:28)• Harmony Energy Income (4:17)• Special Opportunities REIT (7:14)• Aberforth Geared Value and Income (11:04) This week’s interview was with Nick Brind from Polar Capital Global Financials – […]

Companies
31 May 2024

Dividend royalty: Our top 4 income payers to beat inflation and optimise returns

This week’s QD view looks at four investment companies that offer attractive dividend yields Inflation has become a painful reality for many, impacting everything from rent and mortgages to groceries. This ongoing cost-of-living crisis underscores the importance of making your money work harder for you, particularly for those who rely on their investments for income. […]

Sectors
Companies
31 May 2024

Downing Strategic Micro-Cap to pay special from FireAngel sale proceeds

Downing Strategic Micro-Cap (DSM) has announced that, following an agreed and approved bid for one of its holdings, FireAngel Safety Technology Group Plc, intends to return the value of its investment in FireAngel to shareholders as soon as possible, via a third special dividend, in line with its stated intention of returning cash to shareholders. […]

Sectors
31 May 2024
A picture of David Moss manager of CT UK High Income

CT UK High Income now a next generation dividend hero

CT UK High Income (CHI) has announced its annual results for the year ended 31 March 2024, during which it provided NAV and share price total returns of 11.8% and 10.2% for its ordinary shares respectively, which are both ahead of the return of its All-Share Index benchmark, which it says returned 8.4%. Its chairman, […]

Sectors
31 May 2024
Ground Rents Income loses court case

Ground Rents Income updates on Leasehold Reform Act

Ground Rents Income Fund (GRIO) has provided an update to the market following the enactment of the Leasehold and Freehold Reform Act 2024 on 24 May 2024. This Act forms part of the Government’s residential leasehold reform agenda, launched in 2017, and was the final piece of relevant legislation passed by Parliament ahead of the […]

31 May 2024

Castelnau Group tweaks performance fee calculation

Castelnau Group’s (CGL’s) board has reviewed the performance fee arrangements under the investment management agreement that the trust has with Phoenix Asset Management Partners Limited (CGL’s investment manager) and has agreed what it describes as a number of minor amendments to the way the performance fee is calculated. No base management fee, management incentivisation all […]

Sectors
31 May 2024
two hands holding a mobile

QuotedData’s morning briefing 31 May 2024 – NAS, USF

In QuotedData’s morning briefing 31 May 2024: North Atlantic Smaller Companies (NAS) has announced that an amendment has been made to its final results announcement that was released on 10 May 2024. Specifically, Christopher Mills holding in NAS was wrongly stated in the Directors’ Interests table on page 35 of the Annual Report. The correct holding […]

Sectors
30 May 2024

GCP Asset Backed ends all offer talks, will start handing back cash

Since GCP Asset Backed Income announced a strategic review on 13 December 2023, the board received several approaches from third parties to acquire the company. The board gave several of them access to detailed due diligence information. None of the potential offerors made a proposal at a level which, in the board’s opinion and taking […]

Sectors
30 May 2024
a man in jeans showing he has empty pockets

No dividends from Harmony this year as it looks for buyers for some or all of its assets

Harmony Energy Income says its has cancelled the (previously postponed) first FY2024 quarterly dividend and does not anticipate being in a position to declare a dividend in line with the new policy for the remainder of the current financial year, although based upon current market forecasts it is anticipated that a covered dividend will be […]

30 May 2024
Ed Warner, chair of Harbourvest Private Equity

HarbourVest hopes to hand back $150m to $250m to investors

HarbourVest Global Private Equity has published results for the 12 months ended 31 January 2024. The NAV ended the year 4% higher at $50.47 per share, lagging the return on global listed equity indices (the All World Index returned 15.3%). Ed Warner (the chairman) states that the trust’s relative underperformance is not surprising, and is […]

30 May 2024
person reading a mobile

QuotedData’s morning briefing 30 May 2024 – JZCP, MINI, PCGH

In QuotedData’s morning briefing 30 May 2024: JZ Capital (JZCP) is calling a meeting of shareholders to ask them to make the company’s ordinary shares redeemable. That will help expedite returns of capital as the company continues its managed wind down. Separately, it announced results that showed its NAV was not much changed over the […]

Companies
29 May 2024
home reit logo over a picture of a residential street

Home REIT says tenants have surrendered leases on over 600 properties

Home REIT says that it has reached an agreement with Big Help (a collection of tenants comprising; Big Help Homes CIC, Big Help Project Ltd, CG Community Council, Dovecot & Princess Drive Community Association, N-Trust Homes CIC and Select Social Housing CIC) for the surrender of its leases on over 600 properties which it leases […]

29 May 2024
Aberforth logo - map of Firth of Forth

Prospectus published for Aberforth Geared Value and Income Trust

Aberforth Geared Value and Income Trust has published its prospectus. This could be the first major new trust in years, the big questions are, how much money will roll over from Aberforth Split Level Income Trust (ASIT) and how much new money will the trust attract? The new trust will have a fixed seven-year life. […]

29 May 2024

Averon Park announces proposed acquisition of Foresight Sustainable Forestry

The boards of Foresight Sustainable Forestry Company (FSF) and Averon Park Limited are pleased to announce that they have reached agreement on the terms of a recommended acquisition. Arizona Bidco, a wholly-owned indirect subsidiary of Averon Park, will acquire the entire issued and to be issued ordinary share capital of FSF that the Averon Park […]

Sectors
29 May 2024
black tea, cereal and half a grapefruit

QuotedData’s morning briefing 29 May 2024 – CTUK, HEFT, JLEN, ASLI, API, CAL

In QuotedData’s morning briefing 29 May 2024: CT UK Capital and Income Investment Trust (CTUK) announced its interim results for the six months to March 31 2024. The company’s NAV total return was 12.9%, outperforming its benchmark index which returned 6.9% over the same period. The share price total return was 9.5%. The dividend for […]

Companies
28 May 2024
190718 - oakley capital

Oakley Capital invests in ProductLife

Oakley Capital Investments Limited (OCI) is pleased to announce that Oakley Capital Fund V has agreed to invest in ProductLife Group, a European provider of outsourced regulatory and compliance services to the global life sciences industry. OCI’s indirect contribution via Fund V is anticipated to be c.£41 million, which relates to OCI’s share of Oakley’s investment in ProductLife […]

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