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BlackRock Investment Trusts – Net Asset Value(s) | 2020-09-07 | Press Releases – Stockhouse

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NET ASSET VALUE

BLACKROCK ENERGY AND RESOURCES INCOME TRUST PLC

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The unaudited net asset values for BlackRock Energy and Resources Income Trust PLC at close of business on 4 September 2020 were:

69.20p Capital only

70.87p Including current year income

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

3. Following the Buyback of 200,000 ordinary shares on 20th February 2020, the Company now has 113,470,349 Ordinary Shares in issue (excluding 5,495,651 Ordinary Shares which are held in Treasury).

4. For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).

5. On 13 May 2019 the Company changed its name to Blackrock Energy and Resources Income Trust plc and with effect from 8.00am on 14 May 2019, the Company’s ticker changed to BERI(previously BRCI). The Company’s ISIN and Sedol will remain unchanged.

NET ASSET VALUE

BLACKROCK GREATER EUROPE INVESTMENT TRUST PLC

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The unaudited net asset values for BlackRock Greater Europe Investment Trust plc at close of business on 4 September 2020 were:

447.29p Capital only (undiluted)

447.29p Capital only (Diluted for treasury shares)

452.39p Including current year income (undiluted)

452.39p Including current year income (Diluted for treasury shares)

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

3. Following the buyback of 15,900 ordinary shares on 16th December 2019, the Company now has 84,323,101 Ordinary Shares in issue (excluding 26,005,837 Ordinary Shares which are held in Treasury).

4. For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).

NET ASSET VALUE

BLACKROCK WORLD MINING TRUST PLC

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The unaudited net asset values for BlackRock World Mining Trust plc at close of business on 4 September 2020 were:

453.26p Capital only (undiluted)

460.20p Including current year income (undiluted) XD

Notes:

1. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

2. Following the buyback of 200,000 ordinary shares on 26th February 2020, the Company has 173,605,020 ordinary shares in issue, excluding 19,406,822 which are held in treasury.

3. For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).

4. Investments have been valued on a bid price basis.

NET ASSET VALUE

BLACKROCK THROGMORTON TRUST PLC

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The unaudited net asset values for BlackRock Throgmorton Trust plc at close of business on 4 September 2020 were:

588.11p Capital only

591.75p Including current year income

Notes:

1. Investments have been valued on a bid price basis.

2. Following the share issuance of 65,000 ordinary shares on 28th August 2020, the Company has 83,883,462 ordinary shares in issue.

3. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

NET ASSET VALUE

BLACKROCK NORTH AMERICAN INCOME TRUST PLC

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The unaudited net asset values for BlackRock North American Income Trust plc at close of business on 4 September 2020 were:

161.33p Capital only

161.60p Including current year income XD

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

3. Following the Buyback of 15,513 ordinary shares on 4th September 2020, the Company has 80,552,231 ordinary shares in issue, excluding 19,809,074 which are held in treasury.

NET ASSET VALUE

BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC

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The unaudited net asset values for BlackRock Latin American Investment Trust plc at close of business on 4 September 2020 were:

468.93c per share (US cents) – Capital only

476.78c per share (US cents) – Including current year income

355.03p per share (pence sterling) Capital only

360.97p per share (pence sterling) – Including current year income

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

3. Following the Buyback of 20,000 ordinary shares on 24 May 2018, the Company now has 39,259,620 Ordinary Shares in issue (excluding 2,181,662 Ordinary Shares which are held in Treasury).

4. For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).

NET ASSET VALUE

BLACKROCK INCOME AND GROWTH INVESTMENT TRUST PLC

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The unaudited net asset values for BlackRock Income and Growth Investment Trust plc at close of business on 4 September 2020 were:

164.27p Capital only (undiluted)

166.98p Including current year income (undiluted)

Notes:

1. Following the buyback of 15,000 ordinary shares on 31st July 2020, the Company has 22,525,600 ordinary shares in issue excluding 10,093,332 shares in treasury.

2. Investments have been valued on a bid price basis, except for the holding in Patisserie Valerie which has now been written down to nil following confirmation the company has gone into administration.

3. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

NET ASSET VALUE

BLACKROCK SMALLER COMPANIES TRUST PLC

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The unaudited net asset values for BlackRock Smaller Companies Trust plc at close of business on 4 September 2020 were:

1406.22p Capital only and including debt at par value

1388.32p Capital only and including debt at fair value

1411.12p Including current year income and debt at par value

1393.23p Including current year income and debt at fair value

Notes:

1. Investments have been valued on a bid price basis.

2. Following the share issuance of 100,000 ordinary shares on 10th January 2020, the Company has 48,829,792 ordinary shares in issue, excluding 1,163,731 which are held in treasury.

3. For the latest daily net asset value, previous month end performance statistics, asset allocation and ten largest holdings of the BlackRock managed Investment Trusts; see BLRKINDEX on Reuters or page 8800 on ICB (Topic 3).

NET ASSET VALUE

BLACKROCK FRONTIERS INVESTMENT TRUST PLC

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The unaudited net asset values for the ordinary shares of BlackRock Frontiers Investment Trust plc at close of business on 04 September 2020 were:

131.03c Capital only USD (cents)

99.20p Capital only Sterling (pence)

133.11c Including current year income USD (cents)

100.78p Including current year income Sterling (pence)

Notes:

1. Investments have been valued on a bid price basis.

2. Revenue items included in net asset value, with dividends payable deducted on the ex-dividend date.

3. Following the buyback of 46,486 ordinary shares on 2nd September 2020, the Company has 241,566,242 ordinary shares in issue, excluding 256,559 which are held in treasury

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Investment return of 6.8% brings Yale endowment value to $31.2 billion – Yale News

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Yale’s endowment earned a 6.8% investment return (net of fees) for the year ending June 30, 2020. The endowment value increased from $30.3 billion on June 30, 2019, to $31.2 billion on June 30, 2020. 

Spending from the endowment, which is the largest source of revenue for the university and supports faculty salaries, student scholarships, and other expenses, for Yale’s 2021 fiscal year is projected to be $1.5 billion, representing approximately 35% of the university’s net revenues. Endowment distributions to the operating budget have increased at an annualized rate of 7.9% over the past 20 years. Those distributions support, among other priorities, Yale’s commitment to meeting the full financial need of every student enrolled in Yale College. 

The university’s longer-term results remain in the top tier of institutional investors. Yale’s endowment returned 10.9% per annum over the 10 years ending June 30, 2020, trailing broad market results for domestic stocks, which returned 13.7% annually, and exceeding results for domestic bonds, which returned 3.8% annually. Relative to the estimated 7.4% average ten-year return of college and university endowments, Yale’s investment performance added $9.6 billion of value in the form of increased spending and enhanced endowment value. During the 10-year period, the endowment grew from $16.7 billion to $31.2 billion. 

Yale’s endowment returned 9.9% per annum over the 20 years ending June 30, 2020, exceeding broad market results for domestic stocks, which returned 6.2% annually, and for domestic bonds, which returned 5.1% annually. Relative to the estimated 5.6% average return of college and university endowments, over the past 20 years Yale’s investment performance added $25.9 billion of value in the form of increased spending and enhanced endowment value. During the 20-year period, the endowment grew from $10.0 billion to $31.2 billion. 

Long-term asset class performance 

Yale’s 10-year asset class performance is solid. Domestic equities returned 12.8%, underperforming the benchmark by 1.0% annually. Foreign equities produced returns of 15.8%, surpassing the composite benchmark by 10.7% annually. Absolute return produced an annualized return of 5.3%. Leveraged buyouts returned 14.6%, while venture capital returned 21.3%. Real estate and natural resources contributed annual returns of 9.7% and 4.4%, respectively. 

Yale’s 20-year asset class performance remains strong. Domestic equities returned 9.7%, besting the benchmark by 3.5% annually. Foreign equities produced returns of 14.8%, surpassing the composite benchmark by 9.3% annually. Absolute return produced an annualized return of 8.1%. Leveraged buyouts returned 11.2%, while venture capital returned 11.6%. Real estate and natural resources contributed annual returns of 8.3% and 13.6%, respectively.1

Asset allocation 

Yale continues to maintain a well-diversified, equity-oriented portfolio, with the following asset allocation targets for fiscal year 2021:

Absolute return23.5%
Venture capital23.5%
Leveraged buyouts17.5%
Foreign equity11.75%
Real estate9.5%
Bonds and cash7.5%
Natural resources4.5%
Domestic equity2.25%

Yale targets a minimum allocation of 30% of the endowment to market-insensitive assets (cash, bonds, and absolute return). The university further seeks to limit illiquid assets (venture capital, leveraged buyouts, real estate and natural resources) to 50% of the portfolio. 

Yale’s spending and investment policies provide substantial levels of cash flow to the operating budget for current scholars, while preserving endowment purchasing power for future generations. Approximately a quarter of spending from the endowment is specified by donors to support professorships and teaching. Nearly a fifth is dedicated to scholarships, fellowships and prizes. Almost a quarter is available for general university purposes. The remaining endowment funds are donor-designated to support specific departments or programs.


1 Yale employs time-weighted returns to assess manager performance in marketable equities and absolute return, because the cash flows to and from the asset classes are determined by the university. Returns reported for leveraged buyouts, venture capital, real estate and natural resources are dollar-weighted internal rates of return, because the managers of illiquid asset classes determine when to buy and sell assets.

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Artis Real Estate Investment Trust Announces Voting Results From the 2020 Annual and Special Meeting of Unitholders – Canada NewsWire

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WINNIPEG, MB, Sept. 24, 2020 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) announced today the results of matters voted on at its annual and special meeting of unitholders held on September 24, 2020 (the “Meeting”).

The total number of units represented by unitholders present in person or by proxy at the Meeting was 84,163,956, representing 62.02% of Artis’ outstanding units.

Each of the nominees for election as trustee listed in the Management Information Circular dated August 13, 2020, was elected as trustee of Artis for the ensuing year to hold office from the close of the Meeting until the close of the next annual meeting of unitholders. Proxies were tabulated as follows:

Name of Nominee

Votes For

% For

Votes Withheld

% Withheld

Bruce Jack

74,371,756

89.16

9,046,201

10.84

Armin Martens

81,183,857

97.32

2,234,100

2.68

Ben Rodney

83,049,814

99.56

368,143

0.44

Victor Thielmann

80,576,942

96.59

2,841,015

3.41

Wayne Townsend

80,576,957

96.59

2,841,000

3.41

Edward Warkentin

79,702,301

95.55

3,715,656

4.45

Lauren Zucker

83,084,130

99.60

333,827

0.40

All other matters set out in the Management Information Circular dated August 13, 2020, were approved by a majority of unitholders, including fixing the number of trustees at seven, the reappointment of Deloitte LLP as external auditor of the REIT, the advisory vote on executive compensation and the renewal of the Unitholder Rights Plan.

Final results on all matters voted on at the Meeting are available on Artis’ SEDAR profile at www.sedar.com.

Artis is a diversified Canadian real estate investment trust investing primarily in office and industrial properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in select markets in Canada and the United States. As of June 30, 2020, Artis’ commercial property comprises approximately 23.8 million square feet of leasable area.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Artis Real Estate Investment Trust

For further information: Please contact Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Heather Nikkel, Vice-President – Investor Relations of the REIT at 1.204.947.1250

Related Links

http://www.artisreit.com

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OPINION: Want to 'build back better'? Improve Canada's investment climate – Toronto Sun

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Article content continued

Consider that Canada has plummeted in competitiveness report cards such as the World Bank’s Ease of Doing Business report (where we dropped to 23rd in 2020 from 4th in 2007) and the latest World Economic Forum’s Global Competitiveness Report (Canada ranks 14th compared to the United States, which ranks 2nd).

Not surprisingly, from 2014 to 2019 (pre-COVID), business investment — including investment in machinery, equipment, factories and intellectual property — dropped 17.3%. Indeed, 10 of the 15 major sectors of the Canadian economy — including oil and gas, agriculture, manufacturing and retail—experienced a drop in investment. Investors (both foreign and Canadian) fled Canada for more favourable investment climates. In total, more than $185 billion in net investment left the country from 2014 to 2019.

If we truly want to “build back better,” we must reverse this trend. But how?

Well, the throne speech itself contained the answer — or at least part of it. It said that Ottawa “will ensure Canada is the most competitive jurisdiction in the world” for … wait for it … “clean technology companies.” The Trudeau government will “cut the corporate tax rate in half for these companies to create jobs and make Canada a world leader in clean technology.”

Of course, there’s nothing wrong with becoming the most competitive jurisdiction in the world for clean technology. But why stop there?

According to Statistics Canada, the environmental and clean technology sector comprises 3.2% of our economy and accounts for 1.7% of all jobs in Canada. What about the remaining 96.8% of the economy? Or the remaining 98.3% of jobs? What about construction, manufacturing, retail, wholesale trade, accommodation and food services, agriculture, mining and our energy industries? Why not make Canada the most competitive and attractive in the world, period?

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