Coronavirus impact: 2 April - dividend commitments
It was encouraging to read several announcements which reflected a more normal period of activity, as well several commitments to dividend payments, a rare thing
Duke Royalty: royalty based model will be testedThe business model of royalty based lender Duke Royalty (LON:DUKE) will now be tested as many of its royalty partners will have seen their revenue, on which the royalty stream is based, dry up, some materially. Duke announced earlier in 2020 a €4.3m follow-on investment into Temarca, an operator of river cruises, an activity which will have been severely impacted by the current crisis. Another of its core royalty financing arrangements is a £10m financing for a large provider of parts for recreational vehicles. Duke enters the crisis with net debt of £13m and…