Author: admin (Page 410 of 444)

I am going to buy a position in AEI as the shares they hold

are of interest to me and looking well ahead for when the FTSE100

trades higher.

ACTIVITY BREAKDOWN
Top 10 Holdings

Name Holdings
BP PLC 4.8%
Shell PLC 4.3%
National Grid PLC 4.3%
Imperial Brands PLC 3.8%
SSE PLC 3.8%
DS Smith PLC 3.7%
Barclays PLC 3.1%
NatWest Group PLC 3.1%
BHP Group Ltd 3.0%
OSB Group PLC 3.0%

Currently yielding 8.2% trading at a discount to NAV of 5.9%

There are only two.

1. Buy Investment Trusts that pay a ‘secure’ dividend and use those dividends to buy more Investment Trusts that pay a ‘secure’ dividend.
2. Any Trust that drastically alters their dividend policy must be sold even at a loss.

I’ve sold 12264 shares in GRID for a loss of £1,175.00

after they cancelled their next dividend.

Cash to re-invest £8,139.00

Gresham House Energy Storage Fund plc

(“GRID” or the “Company“)

Capacity Market (CM) auction results

Gresham House Energy Storage Fund plc (LSE: GRID), the UK’s largest fund investing in utility-scale battery energy storage systems (BESS), is pleased to provide shareholders with an update on the 2023 Capacity Market auction results for the portfolio.

The latest T-1 CM auction concluded on 20 February 2024, clearing slightly higher than expected at a price of £35.79/kW. The Company has secured additional 1-year contracts across 13 of its Projects with a total derated capacity of 90.491MW. In total, the additional contracts are expected to generate £3.2mn of additional revenue from October 2024 to September 2025.

In the valuation process for the Company’s assets, CM revenues are only included where contracts are held at the date of valuation, therefore these new contracts are in addition to current revenue assumptions and are accretive to NAV. The NAV benefit from these contracts will be recognised at the next valuation date of 31 March 2024.

Ben Guest, Fund Manager of Gresham House Energy Storage Fund plc, said: “We’re pleased with these results from the latest annual Capacity Market auction, as well as their expected positive contribution to our NAV from 31 March 2024.

“One of the great attributes of battery energy storage systems is their flexibility. We can swiftly and remotely configure our software to tap a wide range of potential revenues available to BESS without needing to make any physical changes to hardware. These revenues include both contracted income such as the Capacity Market auction results we’re announcing today, as well as merchant, or trading, revenues

2024 dividends received £1,903.00

Dividends announced for March £933.00

1st Quarter fcast £2,836 (Fcast £2,000.00)

Dividends announced for April £538.00 with

a further £300.00 expected.

In only year 2 of the portfolio the 2024 target of 9k already

exceeds the current annuity available in the market and u get

to keep all your hard earned capital.

Real Estate Credit Investments Limited (the “Company”)

Ordinary Dividend for RECI LN (Ordinary shares)

Real Estate Credit Investments Limited announces today that it has declared a third interim dividend of 3.0 pence per Ordinary Share for the year ending 31 March 2024. The dividend is to be paid on 5 April 2024 to Ordinary Shareholders on the register at the close of business on 15 March 2024. The ex-dividend date is 14 March 2024.

Positive Update on Office Active Occupancy

The Company is pleased to provide an update on active office occupancy based on a survey of the Group’s tenants across 122 buildings in the Company’s portfolio. The survey’s results are based on the Company’s office tenants across a wide geographic spectrum of the main regional centres of the UK and in aggregate account for over 29,000 employees. The survey showed that employees have returned to the office for an average of 4.1 days per week.

The survey also showed 71.4% active office occupation across the portfolio, which compares favourably to the 65.4% announced in June 2023. Pre-pandemic active occupation is estimated at 70.0% The Asset Manager’s study of the office portfolio shows that current active occupation is 102% of the pre-pandemic occupancy levels and is expected to grow further.

GRID has cancelled it’s expected dividend.

VPC Specialty Lending Investments PLC

(the “Company”)

DIVIDEND DECLARATION

The Board of Directors of the Company has declared an interim dividend of 2.00 pence per share for the three-month period to 31 December 2023. The dividend will be paid on 21 March 2024 to shareholders on the register as at 1 March 2024. The ex-dividend date is 29 March 2024.

The Company has elected to designate all of the interim dividend for the three-month period to 31 December 2023 as an interest distribution to its shareholders, thereby “streaming” income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.  No income tax will therefore be deducted at source from this, or from future interest distributions.

REGIONAL REIT Limited

(“Regional REIT”, the “Group” or the “Company”)

Dividend Declaration

Positive Update on Active Office Occupancy

Regional REIT Limited (LSE: RGL), today declares its Q4 2023 dividend, provides an update on office occupancy and asset disposals to date.

Q4 2023 Dividend Declaration

The Company confirms that it will pay a dividend of 1.20 pence per share (“pps”) for the period 1 October 2023 to 31 December 2023. The entire dividend will be paid as a REIT property income distribution (“PID”).

The key dates relating to this dividend are given below:

The level of future payments of dividends will be determined by the Board having regard to, among other factors, the financial position and performance of the Group at the relevant time, UK REIT requirements and the interest of shareholders and the long term future of the Company.

Positive Update on Office Active Occupancy

The Company is pleased to provide an update on active office occupancy based on a survey of the Group’s tenants across 122 buildings in the Company’s portfolio. The survey’s results are based on the Company’s office tenants across a wide geographic spectrum of the main regional centres of the UK and in aggregate account for over 29,000 employees. The survey showed that employees have returned to the office for an average of 4.1 days per week.

The survey also showed 71.4% active office occupation across the portfolio, which compares favourably to the 65.4% announced in June 2023. Pre-pandemic active occupation is estimated at 70.0%^[1].The Asset Manager’s study of the office portfolio shows that current active occupation is 102% of the pre-pandemic occupancy levels and is expected to grow further.

Retail Bond Update

The Company continues to explore actively a range of refinancing options for the £50m retail bonds and it looks forward to providing an update in due course.

Sales

Total disposals in 2024 to date amounted to £5.0m (before costs), reflecting a net initial yield of 10.7% in-line with 31 December 2023 valuation. In addition, £22.2m of disposals are in solicitors’ hands.