QuotedData’s morning briefing 11 June 2024 – USF, VNH, RTW, SMIF, PCFT

In QuotedData’s morning briefing 11 June 2024:

  • The US Solar Fund (USF) will purchase in aggregate 24,358,974 shares under its previously announced tender offer at a price of $0.764 per share. This is the maximum number of shares to be acquired, representing approximately 7.33% ($19m) of the issued share capital of the company.
  • VietNam Holding Limited ( VNH) provided a monthly update for May. The company’s shares were up 4.9%, outperforming the benchmark index thanks mainly to its holdings in telecoms, industrials and retail. Vietnam’s retail sector continued to enjoy sustainable growth in May, driven primarily by buoyant hospitality and tourism.
  • RTW Biotech Opportunities (RTW) announced that the wholly owned subsidiary of portfolio holding Numab Therapeutics will be acquired by Johnson & Johnson for $1.25 bn in cash. The transaction results in a 2.86x uplift in the position’s holding value from 30th April NAV.
  • TwentyFour Select Monthly Income (SMIF) announced its interim results for the six months to March 31 2024. During the period, the company’s NAV per share grew by 7.61%. SMIF was also able to issue  2.75m shares to meet investor demand throughout the period.
  • Polar Capital Global Financials Trust (PCFT) announced that Tom Dorner has been appointed as joint fund manager with Nick Brind and George Barrow with effect from 6 June 2024.

We also have annual results from Fidelity China Special Situations. and an update from Oakley Capital Investments.


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