Category: Uncategorized (Page 349 of 375)

I’ve sold the portfolio shares in API for a loss of £97.00

including the including the dividend earned but not received.

The price is linked to the price of Custodian Property which

has been falling, so as there are higher yields to be earned

the decision was to sell and re-invest.

Total profit in API is £325.00

It appears the safe return of cash has more appeal than

the higher risk, higher yield Investment Trusts.

Until interest rates start to fall or an expected date when

they may, the situation will remain the same.

Stick to your plan until it sticks to you.

BIOPHARMA CREDIT PLC 

(“BIOPHARMA CREDIT” OR THE “COMPANY”) 

DIVIDEND DECLARATION

2.96 CENT PER SHARE DISTRIBUTION INCLUDES 1.2 CENT SPECIAL DECLARATION

BioPharma Credit PLC (LSE: BPCR), the specialist life sciences debt investor, is pleased to declare an interim dividend in respect of the financial period ending 31 December 2023 of $0.02957930 per ordinary share, payable on 15 March 2024 to ordinary shareholders on the register as at 16 February 2024. The ex-dividend date will be 15 February 2024. The Company has chosen to designate the entire amount of this interim dividend as an interest distribution. Shareholders in receipt of such a dividend will be treated for UK tax purposes as though they have received a payment of interest. This will result in a reduction in the corporation tax payable by the Company.

The $0.02957930 dividend comprises an ordinary dividend of $0.0175 and a special dividend of $0.01207930. The Company is currently paying and continues to target a 7 cent annual dividend per ordinary share. This will bring total dividends for 2023 to 10.21 cents including special dividends totalling 3.21 cents.

GCP Asset Backed Income Fund Limited

(the “Company” or “GCP Asset Backed”)

Dividend Declaration

The Board of GCP Asset Backed, which invests in asset backed loans, is pleased to announce a quarterly dividend in respect of the period from 1 October 2023 to 31 December 2023 of 1.58125 pence per ordinary share (the “Q4 Dividend“).

The ordinary shares will go ex-dividend on 15 February 2024 and will be paid on 15 March 2024 to holders of ordinary shares recorded on the register as at close of business on 16 February 2024.

Alternative Income REIT PLC

(the “Company” or “Group” or “AIRE“)

NET ASSET VALUE, DIVIDEND DECLARATION AND PORTFOLIO VALUATION UPDATE

TO 31 DECEMBER 2023

Remain on track to deliver our target annual dividend of at least 5.9 pence per share for the financial year ending 30 June 2024

Resilient portfolio well placed to continue to provide secure, index-linked income with the potential for capital growth

The Board of Directors of Alternative Income REIT PLC (ticker: AIRE), the owner of a diversified portfolio of UK commercial property assets, predominantly let on long leases with index-linked rent reviews, provides a trading and business update and declares an interim dividend for the quarter ended 31 December 2023.

Simon Bennett, Non-Executive Chair of Alternative Income REIT plc, comments:

“The Board is pleased to declare a second interim dividend of 1.425 pence per share (‘pps’) for the last quarter, which is 102.6% covered by earnings. This is in line with the Board’s previously announced annual dividend target of at least 5.9pps for the financial year ending 30 June 2024, which remains subject to continued strong rent collection.

The Board has considered many attractive investment opportunities to reinvest the £7.5 million proceeds from the disposal of its hotel in Glasgow.  The Group acquired the Virgin Active in Ockley Road, Streatham for £5.1 million (net of acquisition costs) in December 2023 and is now looking to reinvest the remaining proceeds in another property during the current quarter.

At 31 December 2023, the Group held 19 properties valued at £103.3 million (30 September 2023: £99.6 million across 18 assets). On a like-for-like basis, the Company’s property values decreased by £1.4 million or 1.4% for the quarter ended 31 December 2023. The Group’s portfolio is relatively insulated from market fluctuations, benefiting from being 100% let, together with 100% collection of rent due, 95.8% index-linked rent review profile and low borrowing costs, which are fixed at a weighted average interest rate of 3.19% until October 2025.  The sum of these factors continues to provide a secure and growing rental income stream.

The Board remains confident that the Company is well-positioned for the future with a portfolio that continues to deliver secure index-linked income and has the potential for capital growth as the property market recovers.”

NextEnergy Solar Fund Limited

(“NESF” or the “Company”)

Interim Dividend Declaration

NextEnergy Solar Fund, a leading specialist investor in solar energy and energy storage, is pleased to announce its third interim dividend of 2.09 pence per Ordinary Share for the quarter ended 31 December 2023, in line with its previously stated target of paying dividends of 8.35p for the year ended 31 March 2024.  

The interim dividend of 2.09 pence will be paid on 28 March 2024 to shareholders on the register as at the close of business on 16 February 2024.  The ex-dividend date is 15 February 2024.

Watch to see which way it breaks, I think it’s going lower

but I have a 50/50 chance of being right and

I also have a 50/50 chance of being wrong.

With 2 portfolio companies still to declare their dividends

for the quarter the fcast is £2,566.00

Whilst a good foundation for the year do not scale up

to arrive at the figure for the year.

https://quoteddata.com/research

Interview with Ross Grier from NextEnergy Capital – QuotedData