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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).

31 Jan 2023
221130 CHRY

Chrysalis reports on a tough year

Chrysalis (CHRY) has published its annual results for the year ended 30 September 2022. During the period, CHRY experienced an NAV decline of 104.17p (to 147.79p) which was largely driven by Klarna (57.66p) and the listed portfolio (31.90p) with the remaining assets performing strongly against a challenging backdrop. Key takeaways are as follows: CHRY received […]

Sectors
31 Jan 2023
230131 APEO Private Equity

Strong NAV growth from abrdn Private Equity Opportunities despite challenging backdrop

Abrdn Private Equity Opportunities (APEO) announced its annual results for the year ended 30 September 2022. Key takeaways are as follows: APEO has shown strong annual Net Asset Value growth in spite of the difficult backdrop in both the global economy and financial markets. Its NAV total return for the year to 30 September 2022 […]

Geographies
  • Europe (EU and EEA ex UK)
  • North America
  • UK
31 Jan 2023
230124 morning

QuotedData’s morning briefing 31 January 2023

In QuotedData’s morning briefing 31 January 2023: Picton Property (PCTN) posted a 12.4% fall in NAV to 102.2p per share for the quarter to 31 December 2022, as property yields moved out in response to higher interest rates. The group’s diversified portfolio fell in value by 9.0% over the quarter to £758.9m (less than the […]

Companies
30 Jan 2023

Aberforth Smaller Companies benefited from M&A in 2022

Aberforth Smaller Companies Trust (ASL) has published its annual results for the year to 31 December 2022. During the period, ASL provided an NAV and share price total returns of -10.4% and -7.3% respectively (as the discount narrowed from 12.6% to 9.8% over the course of the year). ASL’s chairman, Richard Davidon, comments that while […]

Sectors
30 Jan 2023

Aquila Energy Efficiency commitments surpass IPO proceeds

Aquila Energy Efficiency Trust (AEET) has provided an update on its progress in the commitment and deployment of capital since its last trading update, published on 20 December 2022. Investment commitments have increased by £13.4m to £100.7m, which exceeds the £98m net proceeds raised at AEET’s initial public offering (IPO). AEET says that this is […]

Sectors
30 Jan 2023
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 30 January 2023

In QuotedData’s morning briefing 30 January 2023: In its 2021 prospectus, Fair Oaks Income (FAIR) said that, in the event that the realisation shares and 2021 shares trade at discount to any quarter end NAV, calculated on the date that the relevant NAV is published, 25% of that quarter’s investment management fees (in respect of […]

Sectors
27 Jan 2023

QuotedData’s weekly news show 27th January 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: • JLEN / HydrogenOne (0:42) • US Solar Fund (9:27) • Henderson Eurotrust (10:33) This week’s interview was with Eileen Fargis from Ecofin US Renewables […]

Sectors
Companies
27 Jan 2023
230127 night launch

QD view – In defence of growth

Edinburgh Worldwide recently published its annual results – covering the 12-month period to 31 October 2022 – and the figures are not great. Over the period, the NAV fell by 40.3% and the share price by 46.0%. The fund benchmarks its performance against the S&P Global Small Cap Index and this returned -6.8% over the […]

Sectors
27 Jan 2023
230127 JEMA Car crash warning triangle

JPMorgan Emerging Europe, Middle East & Africa Securities reports on car crash year

JPMorgan Emerging Europe, Middle East & Africa Securities (JEMA – formerly JPMorgan Russian Securities) has published its annual results for the year ended 31 October 2022. Although it has broadened its mandate since, JEMA’s investment objective was focused on Russia at the time of that country’s invasion of Ukraine, which occurred during the period under […]

Geographies
  • Africa
  • Europe (EU and EEA ex UK)
  • Middle East
Sectors
27 Jan 2023
230127 BRSA Headwind

BlackRock Sustainable American Income hit by a combination of headwinds

BlackRock Sustainable American Income (BRSA) has published its annual results for the year ended 31 October 2022. During the period, BRSA provided NAV and share price total returns of 7.4% and 3.6% respectively, thereby underperforming its reference index , the Russell 1000 Value Index, which BRSA says provided a total return of 10.7% over the […]

Sectors
27 Jan 2023
a coffee cup next to an alarm clock

QuotedData’s morning briefing 27 January 2023

In QuotedData’s morning briefing 27 January 2023: GCP Infrastructure (GCP) has announced a dividend of 1.75p per ordinary share, for the period from 1 October 2022 to 31 December 2022. The dividend will be paid on 14 March 2023 to holders of ordinary shares recorded on the register as at the close of business on […]

Sectors
26 Jan 2023
230126 hne fca

Former Henderson EuroTrust analyst charged with insider dealing

The FCA has started criminal proceedings against five individuals for conspiracy to commit insider dealing and money laundering. The FCA alleges that Redinel Korfuzi, Oerta Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad conspired to commit offences of insider dealing between 17 December 2019 and 25 March 2021. Specifically, the FCA alleges that Mr […]

Sectors
26 Jan 2023
230126 hlen hh2se

JLEN and HydrogenOne investing in green hydrogen

JLEN Environmental Assets and HydrogenOne Capital Growth are making their first investments into the green hydrogen sector. JLEN is buying a 33% equity stake in Foresight Hydrogen Holdco GmbH. Foresight Hydrogen Holdco holds a 75% stake in HH2E Werk Thierbach GmbH, a Special Purpose Vehicle which owns the development rights to the Thierbach green hydrogen […]

26 Jan 2023
230126 book

QuotedData’s morning briefing 26 January 2023

In QuotedData’s morning briefing 26 January 2023: Literacy Capital (BOOK) has published its quarterly trading and NAV update for the three months ending 31 December 2022. The NAV rose to 420.6p from 384.9p, contributing to a total NAV return of +9.3% in the last three months and +51.7% in the last twelve months. Portfolio companies […]

Companies
25 Jan 2023
home reit logo over a picture of a residential street

Home REIT rent collection takes another hit

Embattled homeless accommodation provider Home REIT has suffered a further deterioration in rent collection with one of its tenants yet to pay rent for the quarter to 30 November 2022. Lotus Sanctuary, which represents 12.2% of the company’s overall rent roll providing 939 beds predominantly to vulnerable women, has suffered delays in the approval of […]

Sectors
25 Jan 2023
battery stoage

Gore Street Energy Storage acquires large Texas Asset

Gore Street Energy Storage (GSF) has agreed to acquire a 75 MW / 150 MWh Texas Asset, which is its largest acquisition in the US to date. The purchase brings GSF’s portfolio to 26 projects with a total capacity of 973.2 MW in operation and construction across the UK, Ireland, Germany and the US and […]

25 Jan 2023
230124 morning

QuotedData’s morning briefing 25 January 2023

In QuotedData’s morning briefing 25 January 2023: JPMorgan Global Core Real Assets (JARA) has declared a fourth quarterly interim dividend of 1.05p per share for the year ending 28th February 2023. This will be paid on 24th February 2023 to shareholders on the register as at the close of business on 3rd February 2023. The […]

Sectors
24 Jan 2023
230124 ccji

CC Japan Income and Growth held back by weak yen

CC Japan Income and Growth has pubished results covering the 12 months ended 31 October 2022. Over that period, the trust’s NAV return was -5.9% and the return to shareholders -7.1%. By contrast, the TOPIX index returned -9.5% The revenue return per share improved from 4.75p to 5.14p and from this the company declared dividends […]

24 Jan 2023
230124 morning

QuotedData’s morning briefing 24 January 2023

In QuotedData’s morning briefing 24 January 2023: JPMorgan Global Income & Growth (JGGI) says its C share portfolio now has 77% commonality with its ordinary share portfolio. The C share portfolio contains holdings from JPMorgan Elect Managed Growth that the managers thought it might take some time to sell. The board decides when the time […]

Companies
23 Jan 2023
Edinburgh Worldwide EWI

Edinburgh Worldwide Investment Trust annual results

Edinburgh Worldwide Investment Trust (EWI) has released its results for the financial year ending 31 October 2022. Over this 12 month period EWI generated a NAV total return of -40.3% and share price total return of -46.0%. This compared to the -6.8% return of the trust’s comparative index, the S&P Global Small Cap Index. Despite […]

Sectors
23 Jan 2023

Urban Logistics acquires five assets for £48m

Urban Logistics REIT has acquired five new assets for a total of £48m at a net initial yield of 6.0%. It has bought a portfolio of four assets for £39.5m at blended 6.1% net initial yield. All of the assets in the portfolio are immediately income producing but with short or medium term asset management […]

Sectors
23 Jan 2023

QuotedData’s morning briefing 23 January 2023

In QuotedData’s morning briefing 23 January 2023: Riverstone Credit Opportunities Income (RICO) has announced that its investment managers have executed a new $28.6m sustainability-linked, first lien term loan to a subsidiary of Max Energy Industrial Holdings,  having committed $5.0m on 30 December 2022. Max energy is developing the first carbon-neutral crude oil export terminal on […]

20 Jan 2023
230120 China QD view Main Pic

QD view – Chinese new year in review

The lunar new year is upon us this weekend, bringing with it the year of the rabbit. According to the Chinese zodiac, the rabbit is associated with vigilance, quick wittedness, and ingenuity; and anyone born in 2023 will be born under the ‘water’ rabbit, and is expected to turn around the hardships of their youth. […]

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

QuotedData’s weekly news show 20th January 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: • Ruffer (0:42) • Octopus Renewables (9:19) This week’s interview was with Stephanie Sirota from RTW Venture Fund – watch it again here.

Sectors
20 Jan 2023
20230120 HVPE US dollar

Modest NAV growth from HarbourVest Global Private Equity reflects strengthening US dollar

HarbourVest Global Private Equity (HVPE) has announced its estimated NAV per share as at 31 December 2022 at US$48.04 (£39.76); up 0.2% in US dollar terms over the month (which reflects the currency movement). HVPE says that, for this estimate, 7% of its portfolio is valued at 31 December 2022, this being the public companies […]

Sectors
20 Jan 2023

Octopus Renewables Infrastructure announces dividend target increase of 10.5%

Octopus Renewables Infrastructure Trust (ORIT) has announced its target dividend for the current financial year (ending 31 December 2023) at 5.79p per share. This is an increase of 10.5% over ORIT’s dividend target for the financial year just ended of 5.24p per share. ORIT says it is on track to deliver its target for the […]

Sectors
19 Jan 2023
home reit logo over a picture of a residential street

Home REIT hires property manager to review portfolio

Home REIT’s investment advisor has hired a property manager to help the embattled homeless accommodation landlord to review its portfolio and recover rent arrears.  Alvarium Home REIT Advisors has entered into an agreement with Simpact Group, a specialist social housing property manager, to “accelerate and further support the investment adviser’s ongoing asset management and monitoring […]

Sectors
19 Jan 2023

Bankers lags benchmark but maintains dividend record

The Bankers Investment trust has announced results covering the 12 months ended 31 October 2022. Over that period, the NAV total return was -11.3% underperforming the World Index by 8.5%. A widening discount meant that the share price total return was -13.4%. The wider discount emerged even though 18.2m shares (1.5% of the company) were […]

Sectors
19 Jan 2023

Trian Investors distributing cash and Ferguson shares to investors

Trian Investors 1 is preparing to make an in-specie distribution of the Ferguson plc shares which were distributed from Trian Investors 1, L.P. to the Company on 6 January 2023. In exchange, there will be a compulsory partial redemption of Trian Investors 1 ordinary shares. The share distribution will be based on investors’ holdings of […]

Sectors
19 Jan 2023
221101 3in tcr

Q4 2022 update from 3i Infrastructure

3i Infrastructure has published a quarterly update covering the final quarter of 2022. It says that overall the portfolio performed well, exceeding the expectations set in September 2022, and continues to deliver strong performance. The board believes that the company is on track to deliver its dividend target of 11.15p for the financial year ended […]

Sectors
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