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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).

03 May 2024

NextEnergy Solar Fund: Market leading solar energy & energy storage fund

NextEnergy Solar Fund (NESF) is a market leading solar energy and energy storage fund, driven by a mission to lead the transition to clean energy. Learn more about NESF through the video and website linked below, or get in touch with: [email protected] or check our website: NextEnergy Solar Fund.

Sectors
03 May 2024

Triple Point Social Housing REIT to make portfolio sales and cuts ties with troubled tenant

Triple Point Social Housing REIT is working to transfer the leases of troubled tenant Parasol to another registered social housing provider that should result in greater rent collection. The company also said that it intends to make selective sales from its portfolio and return the proceeds back to shareholders through buy backs. Lease transfer As […]

Sectors
03 May 2024

Weiss Korea Opportunity underperforms by over 20 percentage points

Weiss Korea Opportunity Fund (WKOF) has announced its annual results for the year ended 31 December 2023. During the year, WKOF provided an NAV total return of -5.5% while, in comparison, its reference index, the MSCI South Korea 25/50 Net Total Return Index, appreciated by 14.8% (all in sterling equivalent terms). This underperformance amounts to […]

Sectors
03 May 2024

BioPharma Credit announces senior loan to Novocure for up to US$400m

BioPharma Credit (BPCR) is providing debt financing to Novocure Luxembourg S.a.r.l. through a senior secured loan agreement. BPCR will invest up to US$200m and BioPharma-V will invest up to an additional US$200m in parallel, with BPCR acting as collateral agent. Under the terms of the transaction, the company will invest up to US$200m across four […]

Sectors
03 May 2024
a coffee cup next to an alarm clock

QuotedData’s morning briefing 3 May 2023 – USF, BBOX/UKCM

In QuotedData’s morning briefing 3 May 2023: US Solar Fund (USF) has published a circular with details of the tender it announced on 24 April 2024 which it is proposing to use as a means of returning capital to shareholders. The proposed tender price of $0.764 per share is equivalent to the 31 December 2023 […]

Sectors
Companies
02 May 2024
Globalworth Real Estate sees strong growth in preliminary results

Positive outlook for Chrysalis after solid start to the year

Chrysalis Investments (CHRY) announced a trading update for the three month period to 31 March 2023. The company saw a 4.09 pence per share increase in NAV, equivalent to 2.3%. This was driven predominantly by movement in the fair value of the portfolio which added 5.15 pence per share, with foreign exchange generating an adverse […]

Sectors
02 May 2024
230124 morning

QuotedData’s morning briefing 2 May 2024 – EAT, TRIG, API

In QuotedData’s morning briefing 2 May 2024: European Assets Trust (EAT) announced that Mine Tezgul will succeed Sam Cosh as the company’s lead investment manager with immediate effect. Mine Tezgul is a portfolio manager in the European equities team and head of European small cap equities. Mine joined the manager in 2018 as an equity […]

Sectors
Companies
01 May 2024
picture of the house of lords

Cost disclosures – House of Lords writes to FCA

Lord Forsyth of Drumlean, chair of the Financial Services Regulation Committee, has written to Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), pushing for a resolution to the cost disclosure issue that has been plaguing the investment companies sector. This is a very welcome intervention, we think, and hopefully it will add to […]

01 May 2024
CQS New City High Yield - Escalators do not go to the sky!

Managed run off continues for Aquila Energy Efficiency Trust

Aquila Energy Efficiency Trust (AEET) announced its annual results for the year end December 31 2023. The company saw a NAV total return of 0.3%, while shares fell 17.6%, leading the discount down to 39.3%. The company has made no new investments outside its existing commitments since the failed continuation vote back in Feb 2023 […]

01 May 2024
McKay sells City of London office for £76.5m

Invesco Perpetual UK Smaller Companies sees a modest drop in NAV

Invesco Perpetual UK Smaller Companies (IPU) announced its annual results for the period ended 31 Jan 2024. The company saw  NAV total return of -4.1%, slightly worse than the benchmark fall of -3.3%. Shares fell -3.1% while the discount narrowed to 11.1%. Longer term performance remains positive, with the cumulative NAV total return over the […]

01 May 2024
a pair of glasses sitting on the corner of a newspaper

QuotedData’s morning briefing 1 May 2024 – PCTN, CREI, RGL

In QuotedData’s morning briefing 1 May 2024: Picton Property (PCTN) has announced a 5.7% increase in its dividend, following recent portfolio activity and the repayment of floating rate debt. The interim dividend payment for the first quarter of 2024 (to be paid this month), will be 0.925p per share (Q4 2023: 0.875p per share). Picton […]

Companies
30 Apr 2024

Oakley Capital’s AI Forum, explored how their holdings use AI

AI can be a daunting yet exciting prospect for many businesses. At Oakley’s recent AI Forum in London, they gathered leaders from across portfolio companies to network and share insights into how they are leveraging AI tools and data analytics to disrupt their markets and boost productivity. At this link, Oakley shares some of their […]

Sectors
30 Apr 2024
54 Hagley Road, Birmingham

abrdn Property Income Trust publishes results ahead of managed wind-down vote

abrdn Property Income Trust reported annual results for 2023, in which NAV total return was -3.0%. The real estate investment portfolio returned 0.7%, which outperformed the MSCI Quarterly Property Index benchmark return of -1.5% over the same period. The company’s portfolio has outperformed the index over one, three, five and 10 years. The group’s NAV […]

Sectors
30 Apr 2024
a cartoon of a miserable looking silicon chip

Digital 9 results see NAV slashed again

Digital9 Infrastructure has published results for 2023. It published an NAV as at 31 December 2023 on 28 March of £728m or 84p per share. At that time, the board had obtained an independent valuation of Aqua Comms, Elio Networks, Arqiva Group and the potential earn-out payment of up to US $135m from the sale […]

Sectors
30 Apr 2024
151207-psdl-e1689944649575

Difficult year for Phoenix Spree Deutschland, focus now on condominium sales

Berlin residential landlord Phoenix Spree Deutschland has reported a 22.4% fall in EPRA net tangible assets to €3.96 per share (24.0% drop in sterling terms) in the year to 31 December 2023. The fall was mainly due to a 11.9% like-for-like drop in the value of its portfolio to €675.6m as buyer sentiment and transaction […]

Sectors
30 Apr 2024
marwyn logo against a black background

Marwyn grinds out positive return in 2023

Marwyn Value Investors has published results for the year ended 31 December 2023. The NAV total return on the ordinary shares for the year was 5.1%, for the 2016 realisation shares it was 5.0% and for the 2021 realisation shares it was 4.2%. Those figures compare to a return on the Small Cap Index of […]

30 Apr 2024
two hands holding a mobile

QuotedData’s morning briefing 30 April 2024 – GIF, APEO, PPET, RMMC,

In QuotedData’s morning briefing 30 April 2024: Gulf Investment Fund (GIF) says that the 1,157,160 shares that were tendered last month were valued at $2.5088 each or $2,903,083. Those investors that sold will get paid around 15 May 2024. Now that the sale of abrdn’s European private equity business to Patria Investments is complete, abrdn […]

Companies
29 Apr 2024
Electricity,Transmission,Towers,With,Orange,Glowing,Wires,The,Starry,Night

Ecofin U.S. Renewables dividend swept up by a tornado

Ecofin U.S. Renewables Infrastructure Trust (RNEW) released its annual financial results for the 12 months ending 31 December 2023: RNEW reported a negative NAV total return of -5.5% and share price total return of -28.0%. NAV per share decreased from 94.3 cents per share to 85.2 cents. The company’s total NAV was $117.7m as of […]

Sectors
29 Apr 2024

Vietnam Enterprise Investments reports double digit NAV returns

Vietnam Enterprise Investments Limited (VEIL) has released its annual results for the 12 months ending 31 December 2023. VEIL has reported a NAV per share return of 10.5% over 2023, slightly below the Vietnam Index’s 11.1% gain, both in US$ total return terms. Over a 3-year period, VEIL still outperformed the Vietnam Index by 2.6%. […]

Sectors
29 Apr 2024

Blackstone Loan Financing’s first results under its new wind-down policy

Blackstone Loan Financing (BGLF) has released its annual results for the 12 months ending 31 December 2023. BGLF reported a NAV total return of 10.39%, based on its published NAV, ending the period with a NAV of €0.9098 per share. BGLF also reports on an IFRS NAV basis, under which it returned a share price […]

Sectors
29 Apr 2024
230406 GRID

GRID forced to suspend dividends on falling earnings

Gresham House Energy Storage Fund (GRID) has released its annual results for the 12 months ending 31 December 2023. GRID’s NAV per share declined 17% to 129.07p as of 31 December 2023, down from 155.51p at the end of 2022. This was largely driven by a significant reduction in third-party revenue forecasts impacting project valuations. […]

Sectors
29 Apr 2024

Aberforth Split Level Income Trust provides update on wind-up

The board of Aberforth Split Level Income Trust (ASIT) had, in its interim report published on 29 January 2024, shared its views on a possible wind-up of the company. Today it has provided an update. The board has reached agreement in principle with Aberforth Geared Value & Income Trust (AGVIT), a soon-to-be-launched trust, on the […]

Sectors
29 Apr 2024

Supermarket Income REIT enters French market with €75.3m buy

Supermarket Income REIT has acquired a portfolio of Carrefour supermarkets in France – its first foray into markets outside the UK – through a sale and leaseback transaction for €75.3m, reflecting a net initial yield of 6.3%. The portfolio comprises 17 omnichannel supermarkets, which are geographically diversified, with a weighting towards northern France, and operated […]

Sectors
29 Apr 2024

Hipgnosis board backs Blackstone offer

The board of Hipgnosis Songs Fund (SONG) has recommended that shareholders accept the $1.30 per share offer made by Blackstone Europe, via its wholly-owned investment subsidiary Lyra Bidco. The $1.30 offer, equivalent to £1.04, would represent a 4% premium to the revised Concord offer of $1.25 (made on 24 April 2024), the other competing party […]

Sectors
29 Apr 2024
230209 morning

QuotedData’s morning briefing 29 April 2024 – BOOK, DGI9, SBSI

In QuotedData’s morning briefing 29 April 2024: Literacy Capital (BOOK) has announced its Q1 2024 NAV as well as providing a quarterly trading update. It generated a NAV total return of 2.0%, an uplift of £6.0m (10.0p per share), bringing its NAV per share to 510.4p, or total NAV of £306.2m. BOOK had cash inflows […]

Companies
26 Apr 2024

QD view – Vietnam, big on ambition

Vietnam celebrates its ‘Reunification Day’ on 30th April each year. The date, which is one of the largest public holidays in Vietnam, marks the day when North Vietnamese and Viet Cong forces captured what was then called Saigon (now Ho Chi Minh City), the capital of South Vietnam, ending the Vietnam War. This year marks […]

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

QuotedData’s weekly news show 26th April 2024

Thank you to everyone that listened in today, whether you watched the Zoom live or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • GCP Infrastructure (0:23) • Hipgnosis (3:55) • Riverstone Credit Opportunities (8:49) This week’s interview was with Ken Wotton from Strategic Equity Capital – watch it again […]

Sectors
Companies
26 Apr 2024

abrdn European Logistics Income’s NAV takes a hit as strategic review continues

abrdn European Logistics Income (ASLI) reported a big hit to its NAV in full year results for the year to 31 December 2023, as the impact of higher interest rates weighed on portfolio values. IFRS NAV decreased by 21.4% to 93.4 cents (31 December 2022: 118.9 cents), while the EPRA net tangible assets metric was […]

Sectors
26 Apr 2024

JPMorgan Emerging EMEA Securities gets caught in VTB crossfire

JPMorgan Emerging EMEA Securities (JEMA) has announced that it has been named as a defendant to civil proceedings being brought by VTB in the Russian courts, which were commenced on 17 April 2024. The claim has been brought against certain JPMorgan entities and relates to US$439m held in a correspondent banking account with JPMCB (NY […]

Geographies
  • Africa
  • Europe (EU and EEA ex UK)
  • Middle East
Sectors
26 Apr 2024

GCP Infrastructure sells wind farm loan notes at 6.4% premium

GCP Infrastructure (GCP) has sold its interest in loan notes secured against Blackcraig Wind Farm at a 6.4% premium to the valuation of the project as at 31 March 2024. The disposal has generated net cash proceeds of around £31m and these will be used to prepay drawings under GCP’s revolving credit facility. GCP says […]

Sectors
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