Ventus Expansion Plans

INVESTMENT TRUST TIMES January 4-17: Ventus VCT's board plans to extend the life of the company and raise up to £10 million

Szymon Idzikowski 18 January, 2012 | 3:22PM
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Better Capital PCC 2009 (BCAP): Lloyds Banking Group (LLOY) purchased over 8.5 million shares to take its stake to almost 11%. It is now the second largest shareholder following Ruffer Investment Management, whose stake is almost 30%.

BlackRock Latin American (BRLA): In light of a widening discount since the last buyback in 2009, the board plans to purchase up to 5% of issued shares in March by way of a tender offer. The tender price will be 98% of the cum-income diluted NAV as at March 30. The fund's six-month average discount is around 5%, compared with a three-year average of 2.4%.

Orchid Developments (OCH): BlackRock has decreased its stake by 1.3% in the direct property fund taking it to less than 4%. Orchid Developments currently trades at a hefty discount exceeding 93% compared with its 12-month average of 81%.

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Szymon Idzikowski

Szymon Idzikowski  is a closed-end fund analyst with Morningstar.

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