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.
Who will win the Abrdn property trust bidding war? March 14, 2024 The bidding war over the Abrdn Property Income Trust has reached new heights between Custodian Property Income REIT and Urban Logistics REIT.
GCP Asset Backed Income proposes shuttering trust March 14, 2024 The debt-focused trust's merger with GCP Infrastructure fell through in September after a "significant minority" of the trust's shareholders said they did not support it, leading to a strategic review.
Tesco and Sainsbury’s landlord reports profit boom despite declining assets March 13, 2024 Supermarket Income REIT, which rents out properties to some of the UK's biggest supermarkets, saw operating profit jump 18 per cent last year, even as its net assets dropped eight per cent in the same period.
Abrdn: Investment trust cost disclosure reform ‘at risk of stalling’ March 13, 2024 Reforms around the cost disclosure of investment trust that the sector has been clamouring for are "at risk of stalling", Abrdn has warned.
Regional REIT weighs options as £50m bond deadline approaches March 12, 2024 The real estate investment trust has £50m in retail bonds set to mature in August, but fears that it is strapped for cash to pay them off have been rampant for months.