Marble Point Loan Financing Ltd - investment company focused on dollar - Announces a distribution to holders of liquidating shares created via redesignation of ordinary shares effective. Shareholders to receive USD0.0363 per 2023 liquidating share. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Marble Point Loan Financing Ltd - investment company focused on dollar-denominated, broadly syndicated floating rate senior secured corporate loans - Net asset value per ordinary share at end of 2023 falls 1.8% to USD0.54 from USD0.55 at end of 2022. Reports NAV return for ordinary share class of just under 18%, improving markedly from negative 17% in 2022. The company also reports an NAV per share of USD0.46 for a liquidating share class. Back in November 2022, Marble Point Loan Financing's shareholders approved a proposal to create biannual liquidating share classes, the first being created in early January 2023. Marble Point Loan Financing explained 25% of its ordinary shares were converted into liquidating shares. For 2023, liquidating share classes dividends totalled USD0.1695. For its ordinary shares, the annual dividend is maintained at USD0.09. Read More
Marble Point Loan Financing Ltd - closed-ended investment company focused on dollar-denominated, broadly syndicated floating rate senior secured corporate loans - Announces that all of the resolutions proposed at the extraordinary general meeting failed to achieve sufficient shareholder support to pass. The meeting was called to consider the Freestone proposals, Consequently, the resolutions to be put forward to the liquidating share class meeting and ordinary share class meeting became incapable of being passed, once the resolutions proposed at the EGM failed to pass. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week and not separately reported by Alliance News: Read More
Marble Point Loan Financing Ltd - Guernsey based closed-ended investment company - Amends certain provisions of its credit deal with City National Bank. Says amendments include an extension of the scheduled maturity date to May 20 next year, and a revised total commitment of USD9.0 million. Additionally, there will be "newly agreed upon amortisation schedule" of at least USD250,000 quarterly. As at Thursday, outstanding borrowings on Marble Point's revolving credit facility totals USD7.9 million. Read More
Marble Point Loan Financing Ltd - Guernsey based closed-ended investment company - Director Robert Brown buys 454,545 shares at USD0.44 each, worth USD200,000, on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Marble Point Loan Financing Limited - Guernsey based closed-ended investment firm - Investment manager Marble Point Credit Management LLC will be purchased by private equity firm Investcorp. Marble Point said that the acquisition is expected to close in the first quarter of 2023, subject to regulatory requirements and closing conditions. The terms of the acquisition were not disclosed. Read More
Marble Point Loan Financing Ltd - Guernsey-based closed-ended investor in dollar denominated, broadly syndicated floating rate senior secure corporate loans owned via collateralised loan obligations - Posts falling net asset value. NAV per share at September 30 falls 28% to USD0.55 from USD0.76 on December 31, 2021 and is down 30% from USD0.78 a year prior. However, investment income grows 44% to USD5.9 million at September 30 from USD4.1 million a year ago. Read More
Marble Point Loan Financing Ltd - Guernsey-based closed-ended investment company - Posts lower net asset value in the quarter. Net asset value per share dips to 69 US cents on March 31 from 76 US cents on December 31, 2021. Assets attributable to shares fall to USD137.5 million from USD151.7 million. Total assets shrink to USD175.7 million from USD189.4 million. Centralised loan obligation equity climbs to 43% from 30% at December 31. Total investment income rises to USD1.9 million from USD1.0 million. Read More