News

Shaftesbury collected just 36% of rent due in the first month of 2021 as the lockdown meant the majority of its portfolio was shuttered. The group, which owns a 16-acre portfolio in the heart of London’s West End – including Carnaby Street, Covent Garden and Chinatown, said it had received £3.5m of the £9.8m billed […]

Greencoat UK Wind held back by falling premium – Greencoat UK Wind has announced final results for the year to 31 December 2020. While the NAV increased from 119.7p to 120.4p (+0.6%) during the year, the return to shareholders was -6.2% as the premium fell. This may reflect share issuance but falling power prices have also weighed on […]

Troy’s Francis Brooke secures promotion – Francis Brooke, who has managed the £3.3bn Trojan Income Fund since its launch in October 2004 and the £241m Troy Income & Growth Trust since 2009, will be relinquishing his fund management responsibilities on 31st December 2021 and taking up a new role as executive vice-chairman of Troy Asset Management […]

In QuotedData’s morning briefing 25 February 2021: Following its recent good news, KKV Secured Loan Fund will hand back 5p per share (£17.8m) to ordinary shareholders and 12p per share (£16.7m) to C shareholders. The ex date for these distributions will be 5 March 2021 and payment should arrive within the next couple of weeks after […]

Aberdeen Standard European Logistics Income (ASLI) has reported a 6.6% increase in net asset value (NAV) for the quarter to the end of December 2020. The growth in NAV, to 120.1€c per share (107.9p) from 112.7€c (102.9p) in September 2020, was mainly due to a 6.0% increase in the value of its property portfolio. [QD […]

Riverstone Energy (RSE)’s annual results period to end-December 2020 saw it deliver 36% and 38% decreases in NAV in USD and GBP terms. ‘Tightening in supply, as a result of higher demand and lower non-OPEC+ supply, has helped to support a higher commodity price environment’ RSE’s chairman Richard Hayden provided the following summary of the challenges faced […]

Greencoat UK Wind (UKW) has bought the remaining 50% interest in Braes of Doune wind farm from funds managed by the infrastructure team of the international business of Federated Hermes for a sum of £48.1m. UKW also agrees deal to buy 49.4% Kype Muir Extension wind farm for £51.4m Braes of Doune is located in Stirlingshire, Scotland and […]

In QuotedData’s morning briefing 24 February 2021 – Vietnam Enterprise Investments (VEIL) announced yesterday that with effect from 1 July 2021, the management fee will be amended to 1.85% per annum of NAV for the first US$1.2bn of the company’s NAV, reducing to 1.65% per annum for NAV between US$1.2bn and US$1.5bn and further reducing […]

Blackrock Frontiers set to shrink – BlackRock Frontiers Investment Trust has announced the result of its tender offer. The tender closed at 1.00 p.m. on 19 February 2021 and was approved by shareholders today. 51,884,770 ordinary shares, representing 21.51% of the shares in issue as at 19 February 2021  were validly tendered. Now, the company’s assets […]

Herald reports impressive returns – Herald Investment Trust has published its annual report for the year ended 31 December 2020. Its NAV increased by 37% over the year. This compares to an increase of 4.9% for the Numis Smaller Companies plus AIM (ex. investment companies) Index – UK assets make up about half the portfolio – and […]

Fondul boosted by narrowing discount – Fondul Proprietatea has announced results for the year ended 31 December 2020. The NAV total return (in Romanian leu – RON) was 2.21% and the share price return was 26.44%, boosted by a substantial narrowing of the discount which finished the period at 9.7%. The Romanian market did well relative to other […]

In QuotedData’s morning briefing 23 February 2021: Sequoia Economic Infrastructure Income Fund says that it plans to raise up to a maximum of £172.9m by issuing up to 164,312,714 new ordinary shares at 105.25p. The price is a 4.0% premium to  NAV and a discount of 2.7% to the closing price of 108.2p last night. The proceeds […]

NextEnergy Solar (NESF) announced an operational update and its unaudited NAV, as at 31 December 2020. NAV increased to 100.7p per ordinary share, compared to 99.6p, as at 30 September 2020. Operational highlights from the period include: “763 MWp total capacity installed to date (30 September 2020: 755 MWp), across 91 operating solar assets with 8.5 MWp […]

QuotedData’s weekly news show 19 February 2021 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: JLEN Environmental Assets expanding remit KKV Secured Loan update BH Global – shareholders to vote on BH Global fees […]

QD view – Resurgent emergence: What are the prospects for emerging markets funds as the global economy recovers from COVID-19? The place to be Quite a few commentators have been picking emerging markets as the place to be in 2021. Part of the argument is that many of them (particularly in parts of Asia) coped […]

Tritax EuroBox, the European logistics investor, has proposed an equity raise of £173m (€200m) as it looks to expand its portfolio in the burgeoning property sector. The group will use the proceeds, together with existing cash (from the €65.5m sale of a Polish asset last week) and new debt, to acquire a near term pipeline […]

Assura (AGR) has announced that it has completed the acquisition of primary care developer Apollo Capital Projects Development Limited (Apollo). AGR says that Apollo has a strong, 20-year track record of developing high-quality primary care properties across the UK, with a very experienced four-person development team. As well as expanding the Assura development team to […]

NewRiver REIT (NRR) has announced that its joint venture with BRAVO Strategies III LLC (BRAVO), in which it holds a 10% stake, has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre. The estate is being acquired from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 […]

Jupiter UK Growth (JUKG) has issued a circular detailing its reconstruction and wind up proposals. This follows on from JUKG’s previous announcements in January that terms had been agreed with Brown Advisory Funds Plc for a rollover into the Sterling Class B Distribution Shares in Brown Advisory Global Leaders Fund, or ,alternatively, shareholders could opt […]

In QuotedData’s morning briefing 19 February 2021: City of London has released its interim report for the six months ended 31 December 2020. During the period, it provided an NAV total return of 6.9% and a share price total return of 12.3%. These compare against returns from its All-Share Benchmark of 12.3%, the AIC UK Equity Income […]

Supermarket Income REIT has acquired a further stake in a 26-strong Sainsbury’s portfolio. The group, in a joint venture partnership with BA Pension fund, bought a 25.5% stake in the Sainsbury’s portfolio last year from British Land, and has today acquired a further 25.5% stake from Aviva Investors for £115m. Following this second acquisition, the […]

Brunner beat the market in 2020 – Brunner Investment trust’s results for the year ended 30 November 2020 show an NAV total return of 6.2% for the period, ahead of the 5.3% return delivered by the trust’s benchmark (70% World Ex-UK and 30% UK All-Share). As dividend cuts and suspensions abounded in the wake of the […]

Riverstone Credit bucks poor energy markets for 2020 – Riverstone Credit Opportunities Income has published results for the year ended 31 December 2020. The company finished the year with an NAV of $1.04. It was also able to declare dividends totalling 7 cents per share for 2020. These were covered by earnings of 7.59 cents. The […]

KKV Secured Loan secures an exit and an NAV uplift – Finally, some better news for investors in KKV Secured Loan as it reports that it has received net proceeds of $24.3m from the refinancing of two existing investments in a US based reinsurance company. These investments are referred to as Borrowers 7 and 9 in […]