QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford.
Money raised and returned in June
Newcomer to the market, Yew Grove REIT, an Irish REIT investing in office and industrial properties primarily outside Dublin’s central business district, began trading on June 8th. The IPO raised €75m. UK Mortgages and TwentyFour Asset Management agreed £350 million of Buy-to-Let loans from Coventry Building Society. UK Mortgages’ oversubscribed bookbuild raised £20.1m towards this deal. Scottish Mortgage, Allianz Technology and Finsbury Growth & Income issued new shares to meet demand.
Other notable issuers of stock included Renewables Infrastructure, Edinburgh Worldwide, CC Japan Income & Growth and Baillie Gifford US Growth.
As it proceeds with its wind-up process, Pacific Alliance China Land distributed $81.6m to shareholders over the month funded by its sale of Wanda shares. BlackRock Greater Europe returned £5.8m to the shareholders that applied for its 20% tender. NB Global Floating Rate Income, Templeton Emerging Markets, and British Empire are all serial repurchasers of shares. Other funds that bought back a significant amount of capital included Better Capital PCC 2012 and VinaCapital Vietnam Opportunities.
South African Property Opportunities’ shares were cancelled from trading on AIM on 4 June. Aberdeen Private Equity was put into voluntary liquidation on 29 June.