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.
Digital 9 Infrastructure pays off debt ahead of wind-down vote March 25, 2024 The trust said it would be exploring a range of options, such as staying with Triple Point for a cheaper fee, finding a new investment manager or becoming self-managed.
Abrdn Property Income chair blasts ‘misleading’ comments in bidding war March 21, 2024 Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]
Bidding war: Urban Logistics pleads for Abrdn Property to accept bid March 18, 2024 Last week, the Abrdn trust confirmed that it would be recommending to shareholders that they vote in favour of a merger with Custodian, as it had originally planned to before a second offer was made.