Carador Income Share Discussion Threads

[stemis] 18/9/2019 12:14

So far I've had redemption of shares and received cash on

8-Mar
10-May
12-Jun
10-Jul
12-Aug

So I'm now down to 19.8% of my original holding. My holding is through Selftrade.

Hth

[cerrito] 18/9/2019 12:00

I am in CIFR
On June 24 they announced a redemption of CIFR effective on June 28 for payment on July 9.
Barclays have yet to process this redemption ie they have not reduced my share holding or credited the cash.
Any other CIFR holder having the same issues??
Thanks

[stemis] 17/12/2018 17:28

I've pretty much decided to take no action and allow my shares to be gradually repurchased. It's not a big holding and below the level I normally invest but I don't really want to top up BGLF to make it so...

[dendria] 14/12/2018 14:51

No strong feelings but I’ve opted to rollover into BGLF as it sits well in my ‘financials & real estate’ portfolio.

[cwa1] 11/12/2018 15:03

Anyone got any strong feelings vis a vis wind down v rollover? Cheers.

[dendria] 21/11/2018 11:49

I've written to the Company secretary to find out indicative timetable - no response as yet. I've held since near the out-set so I've long been in 'for free' but I may sell my holding as there are opportunities abound.

[horndean eagle] 21/11/2018 11:11

Not sure what these idiots are going re proposals. Been months and we haven't heard a squeak. Wish they would hurry up and get on with it.

[dendria] 21/11/2018 07:37

Oct 18 NAV = $0.7047 (-1.74%). Monthly = +0.20%. YTD = +3.29%.

[horndean eagle] 21/10/2018 19:10

When are these clowns going to come out with proposals for wind up. They seem to have had long enough to sort it out by now. NAV has been pretty poor across the sector this year what with libor spreads, and leveraged loan spreads playing havoc with returns. A bit of volatility will soon sort that out but we are likely to miss out on the fun. Discount to NAV should protect us a little.

[dendria] 19/10/2018 07:47

Sep 18 NAV = $0.7172 (+0.29%). Monthly = +0.29%. YTD = +3.09%

$1.39c div to be paid 7 Nov 18. Ex-div 1 Nov 18.

[dendria] 24/9/2018 08:06

Aug 18 NAV = $0.7151 (+0.25%). Monthly = +0.25%. YTD = +2.79%.

[horndean eagle] 28/8/2018 15:36

Glad sense has prevailed. Im still narked that they pulled the wool over my eyes by going on about charges if took redemption last year. Think it might take a fair while longer for portfolio to get realised relative to last years redemption class. Still should bring in regular cash flow over the next year or so.

[stemis] 28/8/2018 15:01

It just feels like they've been trying to bring this to an end for a while so not a huge surprise...

[dendria] 28/8/2018 07:34

So the outcome of the strategic review looks like an option of wind up or rollover into BGLF (Blackstone/GSO Loan Financing).

[dendria] 22/8/2018 07:46

Jul 18 NAV = $0.7133 (-0.79%). Monthly = +1.79%. YTD = +2.53%.

[dendria] 20/7/2018 07:29

Jun 18 NAV = $0.719 (-0.69%). Monthly -0.69%. YTD = +0.72%.

Div = $1.86c. Paid 8 Aug 2018. Ex-div 2 Aug 2018.

[dendria] 22/6/2018 07:27

May 18 NAV = $0.7240 (-0.39%). Monthly = -0.39%. YTD = +1.42%

[pejaten] 18/6/2018 07:16

Yes, agree. Wish I had redeemed last year. I also feel the company misled on outlook etc

[horndean eagle] 15/6/2018 15:44

Seems like they have brought forward the strategic review. I think its curtains now. they will wind up in entirety. The scumbags pulled a bit of a fast one last year warning people of charges etc if you decided to redeem. Given the discount the shares have gone to I think people are tired and are going to force the issue. The question is how quickly might all the cash be returned in run off. The redemption holders have done pretty well so far. Might be an attractive trade.

[cwa1] 15/6/2018 07:53

15 June 2018

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

Carador Income Fund plc (the "Company")

Strategic Review

Following the Repurchase Opportunity provided to shareholders in October 2017, the Board of Carador Income Fund plc announces that it has engaged its financial advisers to commence a strategic review of the Company in order to consider future prospects and opportunities.

Fidante Capital and N+1 Singer, joint financial advisers to the Company, will contact key shareholders in due course. Any shareholders not contacted by Fidante Capital or N+1 Singer wishing to discuss the Company's future are invited to contact Fidante Capital or N+1 Singer.

A further announcement will be made when the strategic review has been completed. During this process the Company's existing investment policy and strategy will continue to be applied. It is not expected that the strategic review will have any impact on the timing of redemption of the remaining Repurchase Pool Shares.

[horndean eagle] 22/5/2018 10:10

Been really disappointing here. One saving grace and something to be appreciative of is that the board have said they will look at offering liquidity events every 2.5 years. If discount stays as it is for another year then would be worth buying on the option of a wind up.

[dendria] 22/5/2018 07:31

Apr 18 NAV = $0.7268 (-1.19%). Monthly = +0.80%. YTD = +1.82%.

[dendria] 23/4/2018 07:24

Mar 18 NAV = $0.7355 (-0.66%). Monthly -0.66%. YTD = +1.01%.

Div = $1.46c. Paid 9 May 2018. Ex-div 3 May 2018.

[cerrito] 20/4/2018 22:44

Comments on very strong CLO issuance recently including first half of April and up 2/3rds from 2017 issuance figures. Concern about dilution of credit quality in light of abolition oif risk retention rules. Also demand for floating rate debt but strong supply have pushed prices lower. Ie all in yield of AAA top rated slice up from 2.81% in January to 3.34% now. S&Pflag waving on lower credit quality.