UIL LTD LS-,10

UIL recorded a 1.7% decline in Net Asset Value Total Return in June, while the FTSE All Share Total Return rose 0.7%. The ordinary share gained 2.0% to 204.00 pence and the discount to NAV narrowed to 20.8%. UIL closed a $13.5m loan facility with The Bank of N.T. Butterfield & Son and acquired 1.1m 2026 ZDP shares, selling 700,000 2028 ZDP shares; the company also paid an interim dividend of 2.00 pence. Among the holdings there were mixed price movements, including losses at MoneyMe and Alliance Nickel and a price rise at Resimac Group. » More on de.investing.com

UIL Limited reports a 4.1% decline in NAV total return for May versus a 1.2% rise in the FTSE All Share Total Return. The ordinary share closed at 200.00p (+0.5%) and the discount to NAV narrowed from 27.7% to 24.2%. Holdings saw sharp falls (including Horizon Gold -12.2%, Roxmore -15.1%); Diraq signed a letter of intent for up to A$38.0m of federal funding, and UIL will pay a third interim dividend of 2.00p per share on 29 June. » More on de.investing.com

UIL portfolio company Diraq has signed a letter of intent with the US Department of Commerce for up to USD 38 million from the CHIPS Research and Development Office to support the production and scaling of fault-tolerant silicon‑based quantum processors in the US. Diraq is developing chips with the potential for millions of qubits and operates offices in Sydney, Palo Alto and Chicago; a site in Los Angeles is planned. The funding is intended to accelerate the establishment of an end-to-end quantum supply chain as Diraq expands its US activities and partnerships; Diraq is the sole holding of Allectus Quantum Holdings and represents 8.4% of the UIL portfolio. » More on de.investing.com