Next REIT to go? Balanced Commercial Property joins long list mulling sale April 15, 2024 In a stock exchange announcement today, Balanced Commercial Property's board said it would be kicking off a strategic review to consider the future of the trust.
Investment platforms blocking the purchase of investment trusts risk creating ‘another Woodford’ disaster April 14, 2024 DIY platforms like AJ Bell, Hargreaves Lansdown and Interactive Investor have been caught blocking the purchase of investment trusts.
Polar Capital sees ‘positive momentum’ as market returns offset outflows for the fund manager April 11, 2024 Polar Capital, the specialist fund manager, has reported an uptick in assets under management (AuM) in the last quarter, as well as a period of net inflows, as it expects investors to seek more exposure to improving global equity markets.
Third Point changes strategy on activist investors in bid to fix discount April 9, 2024 Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust's wide gap between its net asset value and share price, despite previously strongly opposing them.
Will investment trusts flee the country over cost disclosure? April 8, 2024 Will investment trusts be forced to delist from the UK and move to Switzerland to escape unfair rules with cost disclosure?
Pantheon Infrastructure delivers ‘impressive’ results despite share price reaching new low April 3, 2024 Pantheon Infrastructure launched a share buyback programme in March last year, with 7.4m shares repurchased for £5.8m in 2023 and a further 3.1m shares repurchased in 2024 for £2.6m.
Literacy Capital trust completes £20m holding refinancing April 3, 2024 he portfolio company, which Literacy Capital refused to disclose, is set to return £20m in cash to the trust.
Clean hydrogen developer backed by Hydrogenone brings in dirty oil money funding April 3, 2024 The firm said these funds will be used to expand Elcogen's manufacturing capacity as it continues to build a new factory facility in the Estonian capital
Abrdn Property Income: Custodian bid voted down by shareholders March 28, 2024 Custodian Property Income REIT’s bid to take over Abrdn Property Income has failed, after not enough shareholders voted for the merger. In a general meeting yesterday, Abrdn shareholders voted 60.8 per cent in favour of the deal, less than the required 75 per cent threshold. Custodian’s offer would have seen Abrdn shareholders receive 0.78 Custodian [...]
Life Science REIT slashes dividend after value of portfolio sinks March 26, 2024 Life Sciences REIT has halved its dividend for 2023 after the value of its portfolio fell considerably throughout the year.