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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).

25 Feb 2022

GCP Co-Living REIT pauses IPO process

The Board of GCP Co-Living REIT Plc has announced that, in light of the events in Ukraine over the last 24 hours, the decision has been taken to pause the marketing of the company’s initial public offering (IPO) for the time being. However, the company says that its prospectus that was published on 10 February […]

Sectors
25 Feb 2022

Aquila European Renewables Income announces first revenue from The Rock

Aquila European Renewables Income (AERS) has announced that the first project revenue has been recorded from “The Rock”, which is expected to be one of the largest wind farms in Europe, with 72 turbines and a 400 MW capacity. The project is expected to provide 1.3 TWh renewable electricity annually, equivalent to approximately 412 kt […]

25 Feb 2022

Macau Property Opportunities agrees new Investment Management Agreement

Macau Property Opportunities (MPO) has announced that it has agreed a new investment management agreement with the manager, Sniper Capital, retrospectively effective from 1 February 2022. A management fee of US$100,000 per calendar month for the calendar year 2022 will be payable, following an interim payment of $99,000 in January 2022. Realisation fees will continue […]

Sectors
25 Feb 2022
someone reading a newspaper with a piece of toast and a mug of coffee next to them

QuotedData’s morning briefing 25 February 2022

In QuotedData’s morning briefing 25 February 2022: Gulf Investment Fund (GIF )has published its interim report for the six months ended 31 December 2021. During the period, GIF’s NAV rose 7.6%, versus an increase in its benchmark of 7.4%, and its share price rose 5.4%. GIF has declared a final dividend of 2.47c, to be paid […]

Companies
24 Feb 2022

Jupiter Emerging and Frontier Income’s continuation brought into question

On 10 January 2022, we wrote an article detailing Jupiter Emerging & frontier Income’s (JEFI’s) plans to both amend its redemption facility (under the proposals, the redemption facility would be offered every three years – next to occur in June 2024 – with a maximum being 20% of the company’s outstanding ordinary share capital at […]

Sectors
24 Feb 2022

QD view – Russia and Ukraine – can we really continue to turn the other cheek?

The events unfolding in Ukraine are awful to see and, to date, the response from the UK government woefully inadequate. The focus of sanctions has been on persons and businesses connected with the Putin regime. Perhaps now we should be going much further. Which investment companies are exposed to Russia? In the investment companies sector […]

Sectors
24 Feb 2022

Greencoat UK Wind reflects on a year of significant growth

Greencoat UK Wind reflects on a year of significant growth – Greencoat UK Wind (UKW) has posted its annual report for the 12 months to 31 December 2021. During the period, the NAV per share increased by 9.4%, primarily reflecting high short term power prices. Meanwhile, total shareholder return for the year was 10.7%. 2021 […]

24 Feb 2022

Riverstone Energy bounces back following ‘dramatic improvement in commodity prices’

Riverstone Energy bounces back following ‘dramatic improvement in commodity prices’ – Riverstone Energy (RSE) has posted its full-year results for the 12 months to 31 December 2021, during which time it delivered a 56% share price increase. Meanwhile, RSE ended the year with a NAV of $12.41 (£9.19) per share, a 100.2% and 102.0 per […]

Sectors
24 Feb 2022

QuotedData’s morning briefing 24 February 2022

In QuotedData’s morning briefing 24 February 2022: Pantheon International (PIN) has posted its interim results for the six months to 30 November 2021. Over the period, the trust delivered 22.1% NAV increase and a 17.6% increase in its share price, while it continued to benefit from a supportive exit environment with realisations primarily to strategic […]

Sectors
Companies
23 Feb 2022
Space

QuotedData’s morning briefing 23 February 2022

In QuotedData’s morning briefing 23 February 2022: Seraphim Space (SSIT) has posted its interim results for the period from its IPO in July 2021 to 31 December 2021. During this time, it achieved an NAV uplift of 43.2% while its share price premium to NAV was 19.8%. The trust launched raising £150m before raising an […]

Sectors
22 Feb 2022

Herald proves ‘resilient’ through second year of Covid

Herald proves ‘resilient’ through second year of Covid – Herald has published its annual report for the year to 31 December 2021. During the period under review, the NAV increased by 19%, compared to an increase in the comparative total return indices of 17.8% and 15.2%. The portfolio is focused on growth companies, and only […]

Sectors
22 Feb 2022

QuotedData’s morning briefing 22 February 2022

In QuotedData’s morning briefing 22 February 2022: Bluefield Solar Income (BSIF) has posted its interim results for the six months to 31 December 2021. During the period under review, its total shareholder return was 5.7%, while its NAV total return was 9.6%. Underlying earnings, pre amortisation of long-term finance, were £21.4m and underlying earnings for […]

21 Feb 2022
piggy-bank-money-coins

Polar Capital Global Financials announces placing

Polar Capital Global Financials announces placing – The board of Polar Capital Global Financials (PCFT) has announced plans to raise additional equity capital through the issue of new ordinary shares by way of a placing pursuant to the company’s existing placing programme. This will be the second subsequent placing under the prospectus published by PCFT […]

Sectors
21 Feb 2022

Crystal Amber calls for chair of portfolio holding, Allied Minds, to resign

Crystal Amber calls for chair of portfolio holding, Allied Minds, to resign – Activist fund Crystal Amber (CRS) has sent a requisition notice to the board of Allied Minds to convene a general meeting at which a resolution will be proposed to remove Harry Rein as a non-executive director. Since November 2018, the fund has […]

21 Feb 2022

QuotedData’s morning briefing 21 February 2022

In QuotedData’s morning briefing 21 February 2022: Following Digital 9 Infrastructure’s (DGI9) announcement on 13 January 20221 that its wholly owned subsidiary, Digital 9 Wireless Limited, had signed a conditional sale and purchase agreement to acquire a majority stake in Tetra Ireland Communications Limited, the company has received notice that one of the other shareholders […]

Sectors
18 Feb 2022

QD view – The real dividend heroes

This week, Brunner Investment Trust (BUT) reached a landmark 50 years of consecutive dividend increases after it announced a proposed final dividend of 6.05p in its annual results, taking the total for the year to 20.15p, up from 20.06p for the year before. It joins only six other trusts that have achieved this success, including […]

Sectors
Companies
18 Feb 2022

QuotedData’s weekly news show 18th February 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: • Honeycomb • Credit ratings for CSH and SUPR • NextEnergy Solar/TRIG This week’s interview was with Carlos Hardenberg of Mobius Investment Trust  – watch […]

Sectors
Companies
18 Feb 2022
a wind turbine viewed from its base

Renewables Infrastructure Group benefits from power prices, near-term inflation and active portfolio management

The Renewables Infrastructure Group (TRIG) has announced its annual results for the year ended 31 December 2021, during which it has provided an NAV total return of 9.5%. Its chairman, Helen Mahy CBE, says that this sold performance reflects the Managers’ continuing work to enhance the portfolio (organically and through acquisitions), the sustained market demand […]

18 Feb 2022
QuotedData's morning briefing

QuotedData’s morning briefing 18 February 2022

In QuotedData’s morning briefing 18 February 2022: City of London (CTY) has released its interim results for the six months ended 31 December 2021, during which it provided NAV and Share price total returns of 6.9% and 3.5% respectively. In comparison, its says that its All-Share benchmark returned 6.5%. CTY has declared two interim dividends […]

17 Feb 2022

RTW makes two investments

RTW makes two investments: Magnolia Medical Technologies RTW says that Magnolia Medical Technologies has completed a $46m growth equity financing round. The company, alongside other investment vehicles of RTW Investments, LP, participated in the financing round together with other investors. Magnolia Medical is a privately held medical technology company that develops, manufactures, and markets innovative […]

Sectors
17 Feb 2022

Polar Capital Global Financials outperforms as financials in demand

Polar Capital Global Financials outperforms as financials in demand – Fast-growing Polar Capital Global Financials Trust rewarded its shareholders with an NAV return of 27.9% and a share price return of 29.7% over the course of the 12 months ended 30 November 2021. Both returns were ahead of the 27.0% return delivered by the MSCI ACWI […]

Sectors
17 Feb 2022

Schroder BSC Social Impact fully committed

Schroder BSC Social Impact fully committed – Schroder BSC Social Impact Trust says that the net proceeds of its IPO as well as the placing of shares last November are now fully committed. The company has made three new commitments: The Community Investment Fund A new investment in the Debt for Social Enterprises asset class […]

Sectors
17 Feb 2022

Riverstone Credit continues shift to green and sustainability-linked loans

Riverstone Credit continues shift to green and sustainability-linked loans – Over the course of 2021, Riverstone Credit Opportunities saw a modest fall in its NAV from $1.04 to $1.02, but a narrowing of its discount as the share price moved from $0.683 to $0.87. The dividend was maintained at 7 cents per share but this […]

Sectors
17 Feb 2022

QuotedData’s morning briefing 17 February 2022

In QuotedData’s morning briefing 17 February 2022: NextEnergy Solar (NESF) continues the recent trend of NAV uplifts in the renewable energy sector with a 1.3p increase in its NAV over the three months ended 31 December 2021. The update that accompanies this announcement promises that more battery projects (developed in conjunction with Eelpower) will be […]

Companies
16 Feb 2022

Tritax EuroBox goes Dutch with €144.26m buy

Tritax EuroBox has acquired a pre-let logistics development in Roosendaal, the Netherlands, for €144.26m. The asset is pre-let to a “top four global discount supermarket retail group” and was purchased from Logistics Capital Partners (LCP), one of the company’s main development and asset management partners. The purchase price reflects a net initial yield of 3.5%. […]

Sectors
16 Feb 2022
50

Brunner reaches landmark 50 years of consecutive dividend increases

Brunner reaches landmark 50 years of consecutive dividend increases – Brunner (BUT) has posted its full year results for the 12 months to 30 November 2021. During the period, its NAV rose by 21.5% on a net dividends reinvested basis with debt at fair value. This was marginally ahead of the composite benchmark index which […]

16 Feb 2022

QuotedData’s morning briefing 16 February 2022

In QuotedData’s morning briefing 16 February 2022: The board of Smithson (SSON) has announced that its chair, Mark Pacitti, will retire on 28 February 2022. Diana Dyer Bartlett will become chair of the board and Lord St John of Bletso will replace Diana as chair of the audit committee. Meanwhile, Jeremy Attard-Manche has been appointed […]

Companies
15 Feb 2022

Crystal Amber sets out wind-down plans

Crystal Amber sets out wind-down plans – having failed to get its continuation resolution passed, Crystal Amber is now publishing its plans for a managed wind-down of the portfolio. The Fund has accumulated several strategic holdings: 28.9% in Hurricane Energy, 13% in Equals Group, 18.2% of Allied Minds, 10% of De La Rue, and 10.8% […]

15 Feb 2022

Empiric Student Property buys £19m digs in Bristol

Empiric Student Property has acquired a new 92-bed purpose-built studio asset in Bristol city centre for £19.0m, reflecting a net initial yield of 4.75%. The property, which was completed in September 2021, has 100% of the beds let for the current academic year. Empiric has two other operational assets in Bristol (159 beds), with a […]

Sectors
15 Feb 2022

Honeycomb to merge with Pollen Street

Honeycomb to merge with Pollen Street – Honeycomb Investment Trust has announced plans to merge with Pollen Street Capital Holdings, the holding company for its investment manager. This would be the end of Honeycomb as an investment trust as it morphs into a commercial company. Pollen Street shareholders will end up with about 45.5% of […]

Sectors
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