NAV | Jotup

Edison issues flash on Picton Property Income (PCTN): Accretive portfolio repositioning

Retrieved on:

Wednesday, April 10, 2024

Picton Property Income has agreed the sale of Angel Gate, its second largest office asset, and largest portfolio void, with an agreed consideration above the Q323 valuation.

Key Points:

Picton Property Income has agreed the sale of Angel Gate, its second largest office asset, and largest portfolio void, with an agreed consideration above the Q323 valuation.
The sale is part of its strategy to repurpose selective office assets and accretively recycle the capital.
Re-purposing plans underway at other properties are aimed at further repositioning the portfolio away from the office sector, which is facing a number of structural challenges, removing significant portfolio voids and providing additional options for accretive capital recycling.
In a separate announcement, Picton has confirmed Saira Johnston’s appointment to the board as CFO, which took effect on 1 April.

EQS-News: Deutsche Wohnen Publishes Preliminary Results for FY 2023

Retrieved on:

Wednesday, April 10, 2024

Deutsche Wohnen, ADJ, Knowledge, NAV, Social responsibility, News, Full

Following the Full Year results for 2023 of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2023.

Key Points:

Following the Full Year results for 2023 of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2023.
During the financial year 2023, Deutsche Wohnen SE generated a Group FFO of the continued operations of € 521.8 million (€ 1.31 per share).
Deutsche Wohnen is one of the leading publicly listed property companies in Europe and is part of the Vonovia Group.
These statements express the intentions, opinions or current expectations and assumptions of Deutsche Wohnen and the individuals acting in concert with it.

SWEF: Fifth Capital Distribution

Retrieved on:

Wednesday, April 10, 2024

Starwood Capital Group, Shopping center, London Stock Exchange, NAV, MAR, Old, TIDM, Security (finance)

The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company’s fifth capital distribution.

Key Points:

The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company’s fifth capital distribution.
Accordingly, the Company has resolved to make a fifth capital distribution totalling (after expenses) c. £25.0 million to SEREF shareholders by way of a compulsory partial redemption of shares at a price of £1.0369 per share (being the last published NAV per share prior to this announcement) (the “Compulsory Redemption”).
of the Company’s issued share capital will be redeemed on the Redemption Date (the “Redemption Ratio”).
“Accordingly, we are using this capital to fund a fifth distribution to shareholders of £25.0 million.

Edison issues review on Utilico Emerging Markets Trust (UEM): Quality of UEM’s assets is underappreciated

Retrieved on:

Wednesday, April 10, 2024

ICM, NAV, Environment, Security (finance)

Utilico Emerging Markets Trust’s (UEM’s) manager Charles Jillings, at specialist investor ICM, is very excited about the prospects for the trust’s investee companies.

Key Points:

Utilico Emerging Markets Trust’s (UEM’s) manager Charles Jillings, at specialist investor ICM, is very excited about the prospects for the trust’s investee companies.
He believes that investors underappreciate the quality of these businesses and the teams that manage them.
Jillings travels extensively, along with deputy portfolio managers Jacqueline Broers and Jonathan Groocock, meeting with current portfolio and other firms and relevant organisations in emerging markets.
Because of the nature of UEM’s holdings in infrastructure and utility assets, the fund has a consistently low beta.

Chromocell Issues Letter to Stockholders from Chief Executive Officer

Retrieved on:

Tuesday, April 9, 2024

We transferred $2.2 million in liabilities to Chromocell Corporation in exchange for 2,600 shares of Series C Convertible Redeemable Preferred Stock (“Series C Preferred Stock”).

Key Points:

We transferred $2.2 million in liabilities to Chromocell Corporation in exchange for 2,600 shares of Series C Convertible Redeemable Preferred Stock (“Series C Preferred Stock”).
Our CEO has agreed to further defer a considerable portion of his accrued compensation, affirming the belief in Chromocell’s mission.
We truly feel that our IPO and recent therapeutic development activities have positioned Chromocell for long term growth and success.
I wish to thank you for your support and remain a resource to each of you as we move forward.

MidCap Financial Investment Corporation, Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc. Announce Filing of Definitive Joint Proxy Statement / Prospectus Relating to Previously Announced Proposed Mergers

Retrieved on:

Thursday, April 4, 2024

CEF, Indian Sugar Mills Association, UNII, Rotation, Proxy, Telephone, APO, Internet, AFT, NAV, Capital gain, BDC, Holding company

NEW YORK, April 04, 2024 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC), Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) (AFT and AIF, together, the “CEFs”) today announced the filing of a definitive joint proxy statement / prospectus (the “Joint Proxy Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the previously announced proposed mergers of AFT and AIF with and into MFIC (each, a “Merger” and together, the “Mergers”). The registration statement previously filed by MFIC in connection with the Mergers (the “Registration Statement”) was declared effective by the SEC on April 3, 2024. MFIC, AFT and AIF have each set a record date and scheduled a special meeting of its stockholders to vote on the respective proposal related to the Mergers.

Key Points:

MFIC, AFT and AIF have each engaged Broadridge, an independent proxy solicitation firm, to assist in the solicitation of proxies in connection with the Mergers.
If your vote has not been received after a reasonable amount of time, you may receive a telephone call from Broadridge reminding you to vote your shares.
Voting by proxy does not deprive you of your right to participate in the virtual special meetings.
As of December 31, 2023, the UNII for AFT and AIF was $0.14 per share and $0.17 per share, respectively.

Canadian General Investments: Investment Update - Unaudited

Retrieved on:

Wednesday, April 3, 2024

S&P, TSX, CGI, NAV, Airline

TORONTO, Canada, April 03, 2024 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at March 31, 2024 was $62.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.4% and 22.2%, respectively.

Key Points:

TORONTO, Canada, April 03, 2024 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI) (TSX:CGI) (LSE: CGI) reports on an unaudited basis that its net asset value per share (NAV) at March 31, 2024 was $62.80, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 13.4% and 22.2%, respectively.
These compare with the 6.6% and 14.0% returns of the benchmark S&P/TSX Composite Index on a total return basis for the same periods.
The Company employs a leveraging strategy, by way of bank borrowing, with the intent to enhance returns to common shareholders.
The sector weightings of CGI’s investment portfolio at market as of March 31, 2024 were as follows:

YieldMax™ ETFs Announces Monthly Distributions on MSTY (120.57%), CONY (119.30%), NVDY (106.86%), AMDY (65.04%), FBY (61.10%) and Others

Retrieved on:

Wednesday, April 3, 2024

ARK, MSFT, COIN, Risk, History, Sale, Lovell Minnick Partners, Trust, Investment, ETF, Adviser, AAPL, Funding, TSLA, Capital gain, Prospectus, SQ, PYPL, JPM, NAV, MRNA, AI, NFLX, AMD, GOOY, Government, Unitary state, GOOGL, NVDA, TRUST, XOM, MSTR, AMZN, DIS, Security (finance)

The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.

Key Points:

The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.
The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs.
Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero.
If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

Innovator ETFs Trust Announces Revised Net Asset Value Information for Innovator Nasdaq-100 Managed Floor ETF® (NYSE: QFLR)

Retrieved on:

Tuesday, April 2, 2024

NAV, Innovation

WHEATON, Ill., April 02, 2024 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator) announced the net asset value (NAV) of the Innovator Nasdaq-100 Managed Floor ETF® (NYSE: QFLR) was adjusted by the amounts indicated below, on April 2, 2024.

Key Points:

WHEATON, Ill., April 02, 2024 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator) announced the net asset value (NAV) of the Innovator Nasdaq-100 Managed Floor ETF® (NYSE: QFLR) was adjusted by the amounts indicated below, on April 2, 2024.
These adjustments are a result of an error in calculating the QFLR’s NAV.

180 Degree Capital Corp. Notes Average Discount of Net Asset Value per Share to Stock Price for Third Month of Initial Measurement Period of its Discount Management Program

Retrieved on:

Monday, April 1, 2024

NAV, Share repurchase, Comscore

MONTCLAIR, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during March 2024 and year-to-date through the end of March 2024, were approximately 20% and 22%, respectively.1 This discount was approximately 16% on March 31, 2024.

Key Points:

MONTCLAIR, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during March 2024 and year-to-date through the end of March 2024, were approximately 20% and 22%, respectively.1 This discount was approximately 16% on March 31, 2024.
“The first quarter of 2024 as a whole was positive for 180 Degree Capital, both in terms of increases in our NAV and our constructive activism,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
Should these efforts not yield the results we believe are required, we are prepared to shift to public communications.
The ultimate goal of each of our engagements is to create value for all stakeholders of the businesses in which we invest, including 180 Degree Capital.”