In QuotedData’s morning briefing 23 January 2025:

• Triple Point Energy Transition (TENT) has issued a circular, convening a meeting to liquidate the company. The managed wind-down is effectively complete, the company is just waiting on some deferred sale proceeds. There’s cash of £47.6m, which accounts for most of the NAV of 49.3p per share. If shareholders approve the liquidation, the shares will be suspended from 7.30 a.m. on 24 February 2025 ahead of the meeting and will be cancelled with effect from 8.00 a.m. on 25 February 2025. An initial £43m will be distributed immediately and the liquidators envisage a final distribution and winding up the company in Q4 2026.
• JPMorgan Core Real Assets (JARA), which is also in managed wind-down, says it expects to make a first redemption payment of between 15% and 20% of NAV by the end of March 2025. Its NAV is currently 96.3p, boosted a little by the strength of the US dollar.
• Sure Ventures (SURE) says its Sure Valley Ventures UK Software Technology Fund has led a £1.5m funding round for Vizgard, which it describes as a cutting-edge AI company specialising in distributed AI solutions for defence and public safety applications.
• Lindsell Train (LTI) says it raised about £391k from the sale of 45 shares at £8,686 per share in its manager, Lindsell Train Limited, to that company’s profit share scheme. That leaves the trust holding 6,333 shares in the management company, valued at about £55m.