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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).

15 Feb 2022

QuotedData’s morning briefing 15 February 2022

In QuotedData’s morning briefing 15 February 2022: BioPharma Credit is contributing $325m to the funding of a $650m loan to Collegium Pharamceutical. The company will use the money to support its acquisition of BioDelivery Sciences International – an existing borrower within the BioPharma Credit portfolio. Part of the loan will be funded from the repayment […]

14 Feb 2022

Circle Property to return sales proceeds to shareholders as it battles persistent discount

Circle Property has said it plans to sell more assets and return capital to shareholders after selling its largest asset today, as it battles a persistently wide discount to net asset value (NAV). The group has sold Kents Hill Park to LXI REIT for £34.5m. The group said that following completion of the disposal, which […]

Sectors
14 Feb 2022

LXI REIT splashes £87m on nine assets

LXi REIT has made nine acquisitions for £87m as it continues to deploy the proceeds from its recent £250m equity capital raise. The acquisitions, which have been transacted predominantly on an off-market basis with seven different vendors/developers, reflect a 5.1% net initial yield.  The assets: Co-op Group convenience stores The company has acquired three convenience […]

Sectors
14 Feb 2022

Double acquisition for Apax Global Alpha

Double acquisition for Apax Global Alpha – The Apax X Fund, in which Apax Global Alpha (APAX) is a limited partner, has announced that it has signed a definitive agreement to acquire Alcumus, a global leader in technology-led risk management and compliance solutions. Apax X has also signed a definitive agreement to acquire a controlling […]

14 Feb 2022
Hydrogen

HydrogenOne Capital Growth invests in Bramble Energy Limited

HydrogenOne Capital Growth invests in Bramble Energy Limited – HydrogenOne Capital Growth (HGEN) has signed definitive agreements for an investment of £10m in Bramble Energy Limited as part of their Series B funding round. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Bramble. HydrogenOne’s investment in […]

14 Feb 2022
vietnam

QuotedData’s morning briefing 14 February 2022

In QuotedData’s morning briefing 14 February 2022: Vietnam Enterprise (VEIL) has shared a monthly update for January, which states that concerns on the quality of Vietnam’s bank assets have subsided and sentiment in the sector should be further boosted by robust Q4 2021 and full-year 2021’s earnings. Vietcombank was VEIL’s top performer, up 13.8% at […]

Sectors
Companies
11 Feb 2022

QuotedData’s weekly news show 11th 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: • Strategic Equity Capital • UK Mortgages/Twenty Four Income • BlackRock Throgmorton This week’s interview was with Richard Aston of CC Japan Income & Growth […]

Sectors
Companies
11 Feb 2022
QD view – CQS New City High Yield – inflation premium

QD view – CQS New City High Yield – inflation premium

Global markets have been decidedly choppy during the last few weeks, as central bankers have signalled their view that further interest rate rises are needed this year, if they are to knock the wind out of rising inflation. In the US, inflation hit 7% in December (a level that has not been seen for decades) […]

Sectors
11 Feb 2022

Scottish American benefits from its property investments

Scottish American (SAIN) has announced its annual results for the year ended 31 December 2021, during which it provided an NAV total return for the year of 21.5%, which was modestly ahead of the total return from global equities of 20.0%, while its share price total return was modestly behind at 19.5%. SAIN says that […]

Sectors
11 Feb 2022

Round Hill Music Royalty Fund ready for C Share conversion

Round Hill Music Royalty Fund (RHM) has announced that the net proceeds of its C Share issue that was undertaken in July 2021 have now been fully invested and, accordingly, plans have been put in place to convert the C Shares into Ordinary Shares. The calculation date for the Conversion will be 29 April 2022 […]

11 Feb 2022
plastic cats - loads of them

CC Japan Income & Growth strongly outperforms during recovery

CC Japan Income & Growth (CCJI) has announced its annual results for the year ended 31 October 2021, during which it experienced a strong recovery and was able to significantly outperform the Japanese market. To illustrate, during its financial year, CCJI provided NAV and share price total returns of 24.3% and 32.7%, while the TOPIX […]

11 Feb 2022
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 11 February 2022

In QuotedData’s morning briefing 11 February 2022: AEW UK REIT (AEWU) has been granted planning consent for the demolition and development of a 527-unit student accommodation scheme at 225 Bath Street in Glasgow city centre, paving the way for the sale of the site to IQ Student Accommodation. The sale of the vacant office scheme […]

Sectors
Companies
10 Feb 2022

Alternative Liquidity ready to grow again

Alternative Liquidity ready to grow again – Alternative Liquidity Fund was established to provide liquidity to investors in alternative assets following the 2008-2009 financial crisis. The portfolio has been gradually sold off since 25 February 2019 and that process has largely been completed. As at 30 June 2021, the company had returned the majority of its […]

Sectors
10 Feb 2022

Taylor Maritime buys final seed asset

Taylor Maritime buys final seed asset – Taylor Maritime Investments says that it has received delivery of the final seed asset that it committed to buy when it IPO’d. The new Japanese-built Handysize geared bulk vessel is now part of its trading fleet. Payment for the vessel was made 100% in cash. This delivery takes […]

10 Feb 2022

QuotedData’s morning briefing 10 February 2022

In QuotedData’s morning briefing 10 February 2022: Odyssean’s (OIT) response to yesterday’s announcement by Strategic Equity Capital is that it “believes that the SEC Proposals represent a missed opportunity to create a leading and growing, premium investment trust of greater scale differentiated from the wider UK small cap sector.” There’s no indication that it intends […]

Companies
09 Feb 2022

Strategic Equity Capital shares corporate update as it declines Odyssean’s combination offer

Strategic Equity Capital shares corporate update as it declines Odyssean’s combination offer – Following Strategic Equity Capital’s (SEC) announcement on 23 December 2021 that it had received a proposal from the board of Odyssean Investment Trust (OIT) concerning a proposed combination of the two companies, the board has today confirmed it will not be proceeding […]

09 Feb 2022

BlackRock Sustainable American Income delivers strong results following change in mandate

BlackRock Sustainable American Income delivers strong results following change in mandate – BlackRock Sustainable American Income (BRSA) has posted its full year results for the 12 months to 31 October 2021. During this period, its NAV was up by 36% while its share price returned 42.4%. This compares with a rise of 35.6% from its […]

09 Feb 2022

QuotedData’s morning briefing 9 February 2022

In QuotedData’s morning briefing 9 February 2022: NextEnergy Solar (NESF) has announced an interim dividend of 1.79 pence per ordinary share for the quarter ending 31 December 2021, to be paid on 31 March 2022. NESF will also be offering shareholders a scrip dividend alternative to this, with a reference price to be announced on […]

Companies
08 Feb 2022

Nippon Active Value to get win from Intage offer?

Nippon Active Value to get win from Intage offer? – Rising Sun Management, Nippon Active Value’s investment adviser, has offered to buy 100% of Japanese marketing research firm Intage Holdings for JPY1900 per share through its Japanese vehicle Hikari Acquisition KK. The offer values Intage at approximately JPY76.7bn. Paul ffolkes Davis, chairman of Rising Sun […]

08 Feb 2022

Riverstone exits Pipestone Energy

Riverstone exits Pipestone Energy – Riverstone Energy has sold its entire position in Pipestone Energy Corp., a Calgary-based oil and gas exploration company publicly listed on the Toronto Stock Exchange, for CAD4.55 per share. This represents a 6.8% discount to the closing price of Pipestone Energy on 4 February 2022 and a 2.0% to the […]

Sectors
08 Feb 2022

Round Hill buys Alice in Chains catalogue

Round Hill buys Alice in Chains catalogue – Round Hill Music Royalty Fund has acquired a significant majority of the rights to the American rock band, Alice In Chains. The acquisition covers the publishing, masters and neighbouring rights of the band. Catalogue Details: The acquisition comprises a significant majority of the publishing, masters and neighbouring […]

08 Feb 2022

Twenty Four Income and UK Mortgages to merge

Twenty Four Income and UK Mortgages to merge – the boards of TwentyFour Income Fund and UK Mortgages have agreed the terms of a proposed merger of the two companies. The merger will be effected by way of a scheme of reconstruction of UK Mortgages, consisting of the winding-up of that fund, the transfer of […]

Sectors
08 Feb 2022
a cup of tea, a croissant and some magazines

QuotedData’s morning briefing 8 February 2022

In QuotedData’s morning briefing 8 February 2022, the big news is a planned merger between TwentyFour Income and UK Mortgages. However, we also have: Scottish Investment Trust (SCIN) says its portfolio has now been realigned with that of JPMorgan Global Growth and Income (JGGI), ahead of the merger of the two funds. Trading in Yew […]

07 Feb 2022

SDCL buys Portuguese biomass plant

SDCL buys Portuguese biomass plant – SDCL Energy Efficiency (SEIT) has agreed to acquire 80% equity interest in a high-efficiency and operational biomass cogeneration plant, Sociedade de Iniciativa e Aproveitamentos Florestais – Energia, S.A, in Mangualde, Portugal for approximately €22m. SIAF generates heat and power from sustainably sourced biomass and supplies critical onsite heat to an […]

07 Feb 2022

BBGI backs Canadian hydro refurb

BBGI backs Canadian hydro refurb – BBGI Global Infrastructure (BBGI) has invested in InPower BC General Partnership, the entity responsible for delivering the John Hart Generating Station Replacement Project, an investment made through the existing strategic partnership between BBGI and SNC-Lavalin Group Inc.  The public-private partnership project consisted of the design, construction, financing, maintenance and rehabilitation of […]

Sectors
07 Feb 2022
Baillie Gifford UK Growth BGUK

Strong results from BlackRock Throgmorton during year which saw it bumped up to FTSE 250

Strong results from BlackRock Throgmorton during year which saw it bumped up to FTSE 250 – BlackRock Throgmorton (THRG) has published its annual results for the year to 30 November 2021. During the period, its NAV increased by 37% while its share price was up 38.8%. This compares with a 24.6% return from its benchmark […]

07 Feb 2022
side view of a container ship on a calm sea

QuotedData’s morning briefing 7 February 2022

In QuotedData’s morning briefing 7 February 2022: Tufton Oceanic Assets (SHIP) has sold its containerships Candy and Echidna for a total of $21m. The realised net IRR will be around 74% and realised net MOIC will be around 1.80x. The ships were bought in January last year for $13.75m in total. Octopus Renewables Infrastructure (ORIT) […]

Sectors
Companies
04 Feb 2022

Financials outlook supported by rising rates

Despite 2021 not being the return to normality everyone had hoped for, it was an excellent year for equity investors with global equity markets (MSCI ACWI Index) returning 26.2% compared to 18.3% for UK equity markets (FTSE All-Share Index). Against this background, global financials and UK financials returned 26.2% and 13.7% respectively, led by a […]

Sectors
04 Feb 2022

QuotedData’s weekly news show 4th 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, Richard Williams and Andrew McHattie covered the week’s top stories: • Aquila Energy Efficiency • Triple Point Energy Efficiency • GCP Co-Living This week’s interview was with Sebastian Lyon of […]

Sectors
04 Feb 2022

QD view – co-living la vida loca

Here it is, the first potential investment trust launch of 2022. And it is certainly an interesting one. Gravis Capital Management made an intention to float announcement this week for GCP Co-Living REIT, looking to raise £300m. The new trust will acquire three assets that are transferring out of the Co-living Group. This is the […]

Sectors
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