QuotedData’s other news 25 February 2020

In QuotedData’s other news 25 February 2020 –

  • JPMorgan Global Growth & Income (JPGI) delivered interim results to 31 December 2019. Over the period, the company saw a 4.7% total NAV return, which compares with a return of 4.6% from its benchmark (the MSCI All Countries World Index in sterling terms). The slight outperformance was the result of stock selection where large positions in Alphabet, Charter Communications, and Taiwan Semiconductor (TSMC) were the most significant positive contributors to performance.
  • SQN Asset Finance Income (SQN) announced that Paul Meader, non-executive director and chairman of the remuneration and nomination committee, has been appointed as senior independent director with immediate effect.
  • Triple Point Social Housing REIT (SOHO) announced that it has completed the acquisition of 6 supported housing properties and a care home, comprising 91 units in total, for an aggregate commitment of approximately £18.3m (excluding costs). The properties are located in the West Midlands (43 units), Yorkshire (40 units), the South East (5 units) and the North West (3 units). The Group has entered into new FRI leases in respect of each of the properties acquired for periods of between 20 and 35 years. These leases are with specialist housing associations regulated by the Regulator of Social Housing or care providers regulated by the Care Quality Commission, including Falcon Housing Association and Inclusion Housing. The rents received under the leases are subject to annual, upward-only rent reviews, increasing in line with the consumer price index.

We have interim results from Bluefield Solar, including a view from the company on the state of power prices in the UK, and an update from Phoenix Spree Deutschland as the proposed Berlin rent-cap became law.

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