Investment trusts dropping like flies as mergers hit all-time high July 4, 2024 The total number of investment trust mergers has already hit an all-time high this year, with six acquisitions going ahead in 2024
Baillie Gifford-run trust ditches £20m Rio Tinto stake over ESG concerns July 3, 2024 An investment trust run by Scottish asset manager Baillie Gifford has ditched its £20m stake in Rio Tinto, calling out the mining giant for inadequate ESG practices.
Tritax Eurobox extends bid deadline as other interest parties emerge July 2, 2024 The deadline for Brookfield Asset Management to make a formal offer for the European real estate investment trust (REIT) Tritax Eurobox has been extended, as more companies were revealed to have expressed an interest in the trust.
Apax X sells stake in Spanish real estate platform to private equity firm Cinven July 1, 2024 The Apax X Fund, backed by investment trust Apax Global Alpha (AGA), has sold its minority stake in idealista, a Spanish online real estate classifieds platform, to private equity firm Cinven.
3i Group: Dutch supermarket Action continues strong performance June 27, 2024 3i Group, the country's largest investment trust, has reported its main holding Action has "continued to perform strongly".
Regional REIT launches £110.5m capital raising to stave off bankruptcy June 27, 2024 Regional REIT has laid out plans to raise around £110.5m from a new share offer.
Apax Global Alpha launches ‘flexible’ capital allocation framework and kicks off buyback June 26, 2024 Private equity investment trust Apax Global Alpha has unveiled a new capital allocation framework and kicked off a share buyback programme to take advantage of "wide discounts", also announcing the retirement of its long-serving chair.
Alliance Trust and Witan Investment Trust agree to merge in sector’s largest deal to date June 26, 2024 Two massive investment trusts have agreed to the largest merger from the sector ever, as Witan investment trust is set to be rolled into Alliance trust.
Warehouse REIT completes £57.5m of sales to reshape portfolio and boost dividends June 24, 2024 Warehouse REIT, the real estate investment trust, has completed £57.5m worth of sales as it looks to reshape its portfolio and increase its dividend coverage.
Urban Logistics REIT sees rent boom while eyeing expansion June 20, 2024 Urban Logistics REIT saw rental income jump 8.4 per cent last year, as the company looks to deploy capital and continue expanding.