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QuotedData’s morning briefing 21 January 2021

In QuotedData’s morning briefing 21 January 2021:

  • Schroder BSC Social impact says it has committed over 80% and invested over 55% of the net proceeds of its IPO. Most of the money went into buying seven investments that were listed in the prospectus. It has also bought £2.5m of bonds issued by Triodos Bank. Triodos lends to the likes of Middlesbrough-based charity MAIN, which supports people with a range of disabilities, including autism and cerebral palsy, and Langham Court, a specialist care home offering pioneering dementia care in Hindhead, Surrey.
  • Jupiter UK Growth says that it is waiting on tax clearance from HMRC before posting its circular on its liquidation/rollover plan. Approval is expected within about a month. The cash option will be the default option and investors will have to make an election if they want to rollover into the Brown Advisory Global Leaders Fund.
  • Target Healthcare says that the administration of the first dose under the vaccination programme is well advanced in 86% of its care homes, with commencement expected for the remainder of the portfolio prior to the government target of 31 January. There are currently confirmed Covid-19 cases in 2.4% of total portfolio beds across 14 care homes, down from the peak of 3.2% suspected or confirmed cases of total portfolio beds across 32 care homes during the third week of April 2020.
  • Tufton Oceanic has raised its target annual dividend to7.5 cents per share from 7.0 cents and announced its first quarterly dividend under the new target. They estimate that the dividend will be covered 1.5x.

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