GLI Finance (LON:GLIF) - High yield continues
Jul 20th 2012 - Edison Investment Research today published a report on GLI Finance (GLIF.L, LSE:GLIF, LON:GLIF) entitled "High Yield Continues". In summary, the report says:
The company's unaudited net asset value (NAV) per share as at 30 June 2012 was 47.9p largely unchanged from 47.8p per share reported as at 31 March 2012. Our preferred franchise value is 52.9p. It also declared a dividend of 1.15p per share for the second quarter of 2012 – the same as Q112 and indicating an annualised yield of 9.6%. The CLO passed all of the collateral and coverage tests as of 3 July 2012.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
