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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).

11 May 2022

NextEnergy Solar reports positive performance for first quarter of 2022

NextEnergy Solar reports positive performance for first quarter of 2022 – NextEnergy Solar (NESF) has announced an 8.7% quarterly increase in its unaudited NAV per ordinary share from 104.4p as at 31 December to 113.5p as at 31 March 2022 and an interim dividend of 1.79p per ordinary share for the three-month period. Meanwhile the […]

11 May 2022

LXI REIT and Secure Income REIT to merge

LXI REIT and Secure Income REIT have agreed terms on a merger that would see LXI acquire the entire share capital of Secure Income. Under the terms of the merger, each Secure Income shareholder will receive 3.32 new LXI shares per one Secure Income share. The deal would see the combined company have net assets […]

Sectors
11 May 2022
Bluefield Solar Income Fund - Walking on sunshine

Bluefield Solar Income buys UK-based solar and wind portfolio and announces proposed issue

Bluefield Solar Income buys UK-based solar and wind portfolio and announces proposed issue – Bluefield Solar Income (BSIF) has made a significant acquisition of a 93.2MWp UK-based solar and wind portfolio, expanded its revolving credit facility (RCF) and launched a placing and offer for subscription. BSIF will raise new equity through the placing of new […]

11 May 2022
JPMorgan Russian Securities JRS - Expert access to attractively valued market

QuotedData’s morning briefing 11 May 2022

In QuotedData’s morning briefing 11 May 2022: BlackRock Greater Europe (BRGE) has posted its interim results for the six months to 28 February 2022. During this time, the trust’s NAV was down 20% while its share price was down 21.8%. This compares with a 7.8% fall from its benchmark. Exposure to Russian holdings at 28 […]

Sectors
10 May 2022

Pacific Assets has a better year

Pacific Assets Trust has published results for the 12 months ended 31 January 2022 and the figures are much improved on previous years when it suffered from relatively low exposure to China, although unfortunately still behind its performance objective. The net asset value per share total return of 9.1% compares with the return of the […]

Sectors
10 May 2022

Another year of strong returns from 3i Infrastructure

3i Infrastructure achieved a return of 17.2% in the year ended 31 March 2022, with the NAV increasing to 303p and shareholders receiving a return of 20.9%. A 10.45p dividend for  the year was 6.6% higher than the previous year and a new target of 11.15p has been set for the current financial year. Portfolio […]

Sectors
10 May 2022

Ecofin US Renewables launches fundraise

Ecofin US Renewables Infrastructure Trust plans to raise new capital by way of a placing of new ordinary shares at a price of $1.015 per share. The company has fully deployed its IPO proceeds and has drawn down $9.1m under its revolving credit facility. In addition to the placing, there will be an offer of […]

10 May 2022

QuotedData’s morning briefing 10 May 2022

In QuotedData’s morning briefing 10 May 2022: Sadly, we have to report the death on 4 May 2022 of Robin Angus. “It is with great sadness that the board of Personal Assets Trust announces that Robin Angus, who was the company’s executive director until his retirement in September 2020, passed away on 4 May 2022. […]

Companies
09 May 2022

BB Biotech remains resilient as biotech markets worsen

BB Biotech (SWX:BION) has continued to show a resilient performance this year, a period that has proved to be extremely challenging for biotech investing – indeed the sector is now considered to be experiencing its most severe bear market for more than two decades. BB Biotech’s shares closed on Friday at CHF 56.00, down 23% […]

Sectors
09 May 2022

JLEN flags big NAV jump

JLEN Environmental Assets says that it expects to announce its unaudited Net Asset Value as at 31 March 2022 in mid-May 2022. While this has not yet been finalised, the initial indication is that there will be a material increase in the NAV relative to 31 December 2021. An uplift in the range of 13% […]

09 May 2022

Life Science REIT buys in London

Life Science REIT has acquired a London office building for £85m as it continues to build its portfolio following launch last year. The group has bought 7-11 Herbrand Street, which is located close to University College Hospital and University College London in London’s Knowledge Quarter of Bloomsbury, King’s Cross and St Pancras, at a net […]

Sectors
09 May 2022
Downing Strategic Micro says underlying discount growing

Downing Strategic Micro-Cap on journey to grow as it publishes good results

Downing Strategic Micro-Cap on journey to grow as it publishes good results – Downing Strategic Micro-Cap (DSM) has posted its final results for the year ended 28 February 2022. During the period under review, the trust saw a 5.3% increase in its NAV and 1% increase in its share price . It maintained its NAV […]

09 May 2022

HydrogenOne Capital Growth buys minority stake in fuel cell and electrolyser Elcogen

HydrogenOne Capital Growth buys minority stake in fuel cell and electrolyser Elcogen – HydrogenOne Capital Growth (HGEN) has signed definitive agreements for an investment of £20m (EUR 24m) in Elcogen, whose shareholders include Biofuel OÜ, and VNTM Powerfund II, a technology fund focused on clean power. With this purchase of a minority equity stake, HGEN […]

09 May 2022
NextEnergy Solar adds 10 solar plants to its portfolio

QuotedData’s morning briefing 9 May 2022

In QuotedData’s morning briefing 9 May 2022: CIP Merchant Capital (CIP) has applied for the cancellation of admission to trading on AIM of its ordinary shares.This follows the announcements on 1 and 20 April 2022 by Corporation Financière Européenne declaring its final offer for CIP to be wholly unconditional and confirming that there would be […]

Sectors
Companies
06 May 2022

QuotedData’s weekly news show 6th May 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 and Andrew McHattie covered the week’s top stories: Weiss Korea Witan Apax Global Alpha Greencoat UK Wind EP Global Opportunities abrdn China This week’s interview was with Gary Moglione of […]

Sectors
Companies
06 May 2022

QD view – Is logistics a house of cards?

Amazon’s gloomy earnings call last week has taken the wind out of the sails of some of the biggest listed property companies focused on logistics. The profit warning and caution on online sales growth saw 12.7% and 12.6% wiped off SEGRO’s and Tritax Big Box REIT’s market cap in a week (Thursday 28 April to […]

Sectors
06 May 2022

Oakley Capital chips in for Vice Golf

Oakley Capital Investments Limited (OCI) has announced that the Oakley Capital Origin Fund is investing in Vice Sporting Goods GmbH (Vice Golf), which OCI describes as the leading digitally native golf brand. OCI’s indirect contribution via the Origin Fund will be around £11m and its liquid resources available for future deployment (including this transaction) are […]

06 May 2022

QuotedData’s morning briefing 6 May 2022

In QuotedData’s morning briefing 6 May 2022: Round Hill Music Royalty Fund (RHM) has announced the conversion ratio that is to be used to convert its C Shares into new ordinary shares, which is based on the respective unaudited estimated economic net asset values of the ordinary share pool and the C share pool calculated […]

05 May 2022
home reit logo over a picture of a residential street

Home REIT buys 156 properties

Home REIT has acquired 156 properties for £42.4m as it continues to grow its portfolio of homeless accommodation. Following the latest tranche of investments, since inception in October 2020, the company has deployed a total of £700m at a weighted average net initial yield of 5.86%. The Properties are located across England, providing an additional […]

05 May 2022

Downing Renewables ready to expand

Downing Renewables & Infrastructure Trust is buying (through its subsidiary Downing Hydro AB), a 100% interest in a portfolio of operational run-of-river hydropower plants in Sweden. The purchase price is about €20m and the vendors are Batten AB and Daturum AB. Initially, the deal will be funded by drawing down on the fund’s £25m revolving […]

05 May 2022

QuotedData’s morning briefing 5 May 2022

In QuotedData’s morning briefing 5 May 2022: HydrogenOne Capital Growth (HGEN) says that Roger Bell is stepping down with immediate effect from its board. He will not be seeking election at the company’s first AGM on 24 May 2022. Roger was the representative of INEOS UK E&P Holdings Limited (INEOS Energy) on the board. Changes […]

Companies
04 May 2022

QuotedData’s morning briefing 4 May 2022

Rockwood Realisation (RKW) has changed its name to Rockwood Strategic following a turnaround in its plans and the decision to remain an investment trust, as we have previously reported. The group has also launched the Rockwood Strategic Investment Advisory Group (IAG) whose members offer the benefits of cumulatively over 150 years of relevant investment experience. […]

Geographies
  • Central and South America
  • Global
  • UK
Sectors
Companies
03 May 2022

Weiss Korea holds up relatively well in falling market

Weiss Korea Opportunity Fund has published results for 2021 that show the trust’s NAV falling far less than its benchmark – the trust’s NAV total return was -1.4%, which compares to -6.1% for the MSCI Korea 25/50 Net Total Return Index. In addition, the shares moved from trading at a discount of 2.8% to a […]

Sectors
03 May 2022

Inflation hedge works to Aurora’s benefit

Aurora beat its benchmark over 2021 but its share price lagged a little. An NAV total return of 19.1% was ahead of the 18.3% return on the UK market but the share price return was 13.5% as the discount widened. The trust benefited from the IPO of Castlenau in September 2021. The board proposes to […]

03 May 2022

Growth sell off hits BlackRock Smaller Companies

BlackRock Smaller Companies (BRSC) lagged its benchmark over the12 months ended 28 February 2022, returning 16.7% to the Numis Smaller Companies plus AIM excluding investment companies Index’s 24.9%. 35p of dividends were 5.1% higher than the previous year as revenue recovered from the effects of the pandemic – the revenue return for the year was […]

03 May 2022
a notepad and pen sitting next to a cup of coffee in a blue cup and saucer

QuotedData’s morning briefing 3 May 2022

In QuotedData’s morning briefing 3 May 2022: BlackRock Energy and Resources Income (BERI) is asking shareholders for permission to issue more shares after an upsurge of interest in the trust meant that it has already issued all the shares that it was given permission to at the last AGM. Blackstone Loan Financing (BGLF) generated a […]

Companies
29 Apr 2022

QuotedData’s weekly news show 29th April 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: • NB Private Equity • Vietnam Enterprise This week’s interview was with Robert Guest of Foresight Sustainable Forestry – watch it again here.

Sectors
29 Apr 2022

QD view – What’s going on?

A couple of years ago, as the initial panic of the pandemic eased, commentators started to talk about the probable shape of the post-COVID economic recovery. When we found out that the vaccines worked in November 2020, markets soared on hopes that things would start to return to normal. Expectation grew of a synchronised global […]

29 Apr 2022

QuotedData’s morning briefing 29 April 2022

In QuotedData’s morning briefing 29 April 2022: Gulf Investment Fund says that all assets in its tender pool have been sold. As at 27 April 2022, the final tender offer asset value was $11,284,711, giving a tender price of $2.1639. The 5,214,956 tendered shares will be cancelled. It is expected that the proceeds payable to […]

Companies
28 Apr 2022

Standard Life Investments Property Income delivered benchmark beating returns

Standard Life Investments Property Income Trust delivered a NAV total return for 2021 of 28.6%, outperforming the AIC UK Property – Commercial peer group average of 17% and the open-ended commercial property funds sector of 9.6%. As valuations recovered over the course of 2021, from the depths of the pandemic, the group’s NAV increased 23.2% […]

Sectors
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