4.5% £200 million preference shares. Supposedly non redeemable so stuck with that interest rate BUT will not need refinancing.
Selling some assets to pay off revolving credit facility.
Worth noting the size of the management company and it’s assets under management (other than NESF)
Obviously very knowledgeable people with plenty of contacts and pipeline projects.
Bought more today.
Bought some on exdivided day so got them cheap hence greater dividend in the future. Minimal movement since.