Account
Sign Up Login Investor Type
Menu

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).

03 Nov 2022
a coffee cup next to an alarm clock

QuotedData’s morning briefing 3 November 2022

In QuotedData’s morning briefing 3 November 2022: Gresham House Energy Storage (GRID) has announced that it has agreed £155m of additional debt through an accordion facility on its existing senior debt facilities that were secured in September 2021. The interest rate remains unchanged at SONIA + 3%, while the term of the debt facility has […]

Sectors
02 Nov 2022
221102 tlei sev

ThomasLloyd Energy Impact enters Vietnam

ThomasLloyd Energy Impact Trust is making its first investment in Vietnam, via a new $30m local partnership with Solar Electric Vietnam. The first deal in this new partnership is an agreement to acquire Viet Solar System, a privately-owned company which holds 6.12MWp of rooftop solar assets. $4.6m will be utilised to acquire Viet Solar System. […]

02 Nov 2022
a white and orange mug with hello written on it next to an iphone

QuotedData’s morning briefing 2 November 2022

In QuotedData’s morning briefing 2 November 2022: Princess Private Equity (PEQ) will not pay a second interim dividend. It says that the dividend suspension is needed because the company’s currency hedging activities have led to outflows of more than €60m to settle currency hedging contracts. It also says that challenging debt markets are having an […]

01 Nov 2022
BGUK 01112022

Baillie Gifford: Embracing the unpredictable

Growth rarely follows a steady or predictable path, according to Kirsty Gibson of the Baillie Gifford US Growth Trust  The value of an investment, and any income from it, can fall as well as rise and investors may not get back the amount invested. Cast your mind back to being told you couldn’t see friends […]

01 Nov 2022

Timely switch helps CQS Natural Resources to bumper year

CQS Natural Resources Growth and Income has published results for the 12 months ended 30 June 2022 and they are good, very good. Over the period, the trust generated a return on NAV of 20.6% and a return to shareholders of 14.7%, both way ahead of a 1.0% return on the trust’s composite benchmark (the […]

Sectors
01 Nov 2022

Atrato Onsite Energy slashes NAV

Atrato Onsite Energy says that its NAV as at 30 September 2022 was £139m or 92.8p per share. The NAV reflects the valuation of the portfolio and incorporates the costs associated with the IPO, ongoing running costs and dividend distributions. Atrato Onsite has invested one-third of its IPO proceeds to date. These assets are performing in […]

01 Nov 2022

Weak market holds back International Biotechnology

International Biotechnology reports a -6.9% return on NAV and -6.4% return to shareholders for the year ended 31 August 2022. However, it beat its performance benchmark, the NASDAQ Biotechnology Index (NBI), which returned -13.8%. This helped the trust claw back some of its underperformance relative to its benchmark over the past five years so that, […]

Sectors
01 Nov 2022
Retail landlords call for rental support scheme

China’s COVID problem holds back Asia Dragon 

Over the 12 months to the end of August 2022, Asia Dragon delieverd a return on NAV of -8.4%, a little behind the return on its benchmark, MSCI AC Asia ex Japan, of -7.1%. A widening discount left investors with a return of -11.8%. The dividend was maintained at 6.5p and this was not fully […]

Sectors
01 Nov 2022
SWEF Euro cash

Starwood European plans wind up

Starwood European Real Estate Finance says that following a review of its strategy and after seeking advice from its advisers, its board intends to recommend a strategy of orderly realisation and the return of capital over time to shareholders. Under the current discount control mechanism, the company is required to redeem up to 75% of […]

01 Nov 2022
221101 3in tcr

QuotedData’s morning briefing 1 November 2022

In QuotedData’s morning briefing 1 November 2022: 3i Infrastructure (3IN) has completed its €394m investment in ground support equipment rental company TCR, buying the stake owned by funds managed by DWS. 3i Infrastructure now has about a 96% stake in the business, the balance is held by TCR’s management. Momentum Multi-Asset Value (MAVT) has renewed […]

Companies
31 Oct 2022
221031 VLT ann rep

Volta Finance has published its annual report

Volta Finance Limited (VTA) has reported its annual results for its financial year ending 31 July 2022. VTA reported a NAV total return of -7.3% and share price total return of -4.3%. The chairman believes these movements are broadly in line with the wider market. Over the period VTA paid a dividend of EUR 0.57 […]

31 Oct 2022
221031 SUPP arirs v2

Schroder UK Public Private Trust invests in antibody drug firm

Schroder UK Public Private Trust (SUPP) has announced that it has made a commitment of CHF 3m (£2.7m) to antibody-drug conjugates (ADCs) development company, Araris Biotech AG, as part of its CHF 23.5m (£21.4m,) financing round. Araris is pioneering the development of a novel antibody-drug conjugate ADC-linker technology to enable efficient and precise production of […]

31 Oct 2022
battery stoage

NextEnergy Solar Fund acquired 250MW battery storage project

NextEnergy Solar Fund (NESF) has announced it has acquired the development rights, permits, and initial grid milestones for a 250MW portfolio of high-quality battery storage projects and grid connections, with the project having secured planning permission and grid connection rights. The strategic portfolio named ‘Project Lion’, located in the East of England, was acquired for […]

31 Oct 2022
221031 GSF Kona v2

Gore Street Energy Storage acquire 200MW project

Gore Street Energy Storage Fund (GSF) has announced that it has agreed to acquire from Kona Energy a 200MW construction-ready energy storage project in Heysham, North West England.  The project is one of the largest storage projects in Europe and GSF’s largest acquisition to date. With this acquisition, GSF’s portfolio will consist of 25 projects with a […]

31 Oct 2022
221031 RICO H&W

QuotedData’s morning briefing 31 October 2022

In QuotedData’s morning briefing for 31 October 2022: Riverstone Credit Opportunities Income (RCOI) has announced an upsize of its investment in Harland & Wolff Group Holdings PLC (“Harland & Wolff”),which focuses on strategic infrastructure projects and physical asset lifecycle management across five core industries: renewables, oil & gas, defence, cruise & ferry and commercial. In […]

Companies
28 Oct 2022

QuotedData’s weekly news show 28th October 2022

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: • JPMorgan Elect proposed merger with JPMorgan Global Growth and Income • JPMorgan Russian proposed remit change This week’s interview was with Joe Bauernfreund from […]

Sectors
28 Oct 2022
221028 Biotech

QD view – Biotech sector is ripe for investment but collectives are the way forward

Biotechnology is an exciting and potentially rewarding sector for investment but for the private investor it is also risky and probably best addressed through collective investment vehicles. After all, development of new drugs is hugely expensive (and thus funding-dependent), scientifically uncertain and fraught with operational challenges and pitfalls. And adding to this is the fact […]

Sectors
28 Oct 2022
221028 MLI

Strong demand sees Industrials REIT proactively replace non-performing tenancies

Industrials REIT (MLI) has published a trading update for the second quarter of its financial year (1 July 2022 to 30 September 2022), which includes up-to-date information on transactions and rent collection across the MLI’s whole portfolio. MLI reports that tenant demand has continued to be strong, with the average uplift in rent upon lease […]

Sectors
28 Oct 2022

Grit Real Estate Income results show “robust underlying performance”

Grit Real Estate Income Group (GR1T) has announced its annual results for the year ended 30 June 2022. While GR1T says that it produced a “robust underlying portfolio performance”, there was a 21.6% EPRA net reinstatement value (NRV) per share reduction, which predominantly relates to the dilutive impacts of the Company’s equity issuance in December […]

Sectors
28 Oct 2022
221028 HINT

Henderson International Income beats new benchmark

Henderson International Income Trust (HINT) has published its annual results for the year ended 31 August 2022, during which it provided an NAV total return of 6.3% (debt at fair value) and a share price total return of 7.8%. In comparison, HINT’s new benchmark, the MSCI ACWI (ex UK) High Dividend Yield Index (sterling adjusted), […]

Sectors
28 Oct 2022
221028 SST

Scottish Oriental Smaller Companies benefits from exposure to India and Indonesia

Scottish Oriental Smaller Companies (SST) has announced its annual results for the year ended 31 August 2022, during which it provided an NAV total return of 10.0% and a share price total return of 10.3%. In comparison, it says that these compare favourably to the MSCI AC Asia ex Japan Small Cap Index, MSCI AC […]

Sectors
28 Oct 2022
a coffee cup next to an alarm clock

QuotedData’s morning briefing 28 October 2022

In QuotedData’s morning briefing 28 October 2022: GCP Infrastructure (GCP) has announced that Alex Yew has been appointed as a director with effect from 1 November 2022. This follows Ian Reeves’ notification that he will retire from the board on 31 October 2022. Alex, a United Kingdom resident, is a qualified solicitor in Singapore and […]

27 Oct 2022
JPMorgan Global Emerging Markets Income held back by discount widening

Relatively good year for JPMorgan Global Emerging Markets Income 

JPMorgan Global Emerging Markets Income has published its results for the year ended 31st July 2022. The company beat its benchmar, with an NAV return of -4.7% against -8.7% for the MSCI Emerging Markets Index, but a widening discount left investors with a return of -9.4%. The dividend was upped from 5.1p to 5.2p and […]

Sectors
27 Oct 2022
221027 jrs mena

JPMorgan Russian to expand remit

JPMorgan Russian hopes to expand its remit, morphing into JPMorgan Emerging Europe, Middle East & Africa Securities Plc [which is a bit of a mouthful]. Shareholders would need to approve the proposal and there is a meeting planned for 23 November 2022 to do that. As at 30 September 2022, the portfolio was valued at […]

Geographies
  • Africa
  • Emerging Europe and Russia
  • Middle East
Sectors
27 Oct 2022
221027 jpe

JPMorgan Elect to be absorbed by JPMorgan Global Growth and Income

The boards of JPMorgan Elect and JPMorgan Global Growth and Income have signed Heads of Terms in respect of a proposed merger of the two companies. The merger will be effected by way of a scheme of reconstruction of Elect. It is expected that the combination will be completed by the end of the current calendar […]

Sectors
Companies
27 Oct 2022

QuotedData’s morning briefing 27 October 2022

In QuotedData’s morning briefing 27 October 2022: Taylor Maritime Investments (TMI) is reporting a fall in its NAV which at 30 September 2022 was $1.70, a decrease of about 5% since 30 June 2022. The market value of the vessel portfolio at the quarter end was $447m, down about 15% on a like-for-like basis over […]

26 Oct 2022
a green coffee cup sitting on a book

QuotedData’s morning briefing 26 October 2022

In QuotedData’s morning briefing 26 October 2022: Oakley Capital Investments (OCI) generated a 4% return on NAV over the quarter ended 30 September 2022 as its underlying portfolio of tech-enabled companies continued to deliver earnings growth. New investments of £46m included the acquisition of vLex, an additional investment in Grupo Primavera, and supporting TechInsights’ acquisition […]

25 Oct 2022

VinaCapital Vietnam Opportunity holds up relatively well in falling market

VinaCapital Vietnam Opportunity Fund reports that, for the 12 months ended 30 June 2022, its NAV total return in US dollar terms was -8.8%. The shares fell by 12.8% in US dollar terms as the discount widened from 17.7% to 19.8%, but the dividend was increased from 11.5 cents to 16 cents per share. The […]

Sectors
25 Oct 2022
GSEO Solar Brazil

QuotedData’s morning briefing 25 October 2022

In QuotedData’s morning briefing 25 October 2022: VH Global Sustainable Energy Opportunities (GSEO) has completed its purchase of three fully-permitted solar PV sites in Australia. The total cost including construction will be £21.2m and is part of the existing £50m commitment to its Australian solar PV and storage investment programme. Triple Point Energy Transition (TENT)  […]

24 Oct 2022

Syncona bids for retinal biotech firm AGTC

Syncona (SYNC) has announced a tender offer to acquire all outstanding shares of Applied Genetic Technologies Corporation (AGTC), for $0.34 per share, valuing AGTC at approximately $23.5m (£20.8m). There is also the potential for up to an additional $50.0m (up to $0.73 per share) in contingent value rights in the event certain milestones related to […]

Sectors
More News

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…