Investment trusts Financial News

12.02 / 13:47

Investment trusts mergers Stifel Tritax Big Box agrees takeover of UK Commercial Property to create £4bn REIT

The merged entity would be externally managed by Tritax, with cost savings coming from the unification of management under Tritax Management.

16.02 / 15:56

fees Investment trusts People moves delisting City of London investment trust reduces management fee amid AUM growth

The trust's investment management fee was last reviewed and reduced in 2019 and, since then, its net assets under management grew by 48% to just over £2bn.

16.02 / 15:53

Investment trusts Nav Battery energy storage revenue woes hit JLEN Environmental as NAV drops 1.8%

From the all-time-highs of June and July 2022, the UK’s battery storage sector is undergoing a period of diminishing revenues | Credit: SSE

15.02 / 15:36

Investment trusts Nav share buybacks share price Bluefield Solar launches £20m buyback scheme due to 'weak' share price

The buyback scheme is expected to commence after the publication of the interim results and 'while the company’s shares continue to trade at an excessive discount to NAV'.

15.02 / 14:43

inflation companies Investment trusts People moves Global Equities Annual results Baillie Gifford Scottish American manager Toby Ross steps down from trust

SAINTS noted the share price return had been generally affected by the broadening of discounts that is common among investment trusts currently.

15.02 / 09:29

property investigation FCA Investment trusts Home REIT Home REIT sells additional 117 properties for £5.6m

An additional property is expected to be entered into a public auction on 15 February.

15.02 / 09:29

Investment trusts funds FundCalibre awards seven funds an 'Elite' rating

The Elite rating is attributed to funds with “highly skilled” managers through a four-step screening process, while the Elite Radar badge covers funds that are potential candidates for an Elite rating.

13.02 / 13:59

investigation FCA Investment trusts Home REIT FCA opens investigation into Home REIT

Home REIT said it will collaborate with the FCA in its work

13.02 / 10:58

Investment trusts JP Morgan Global Growth & Income launches up to £40m fundraise amid wealth manager demand

Winterflood Securities will act as placing agent, with the placing not being underwritten, while the retail offer will take place on the Winterflood Retail Access Platform (WRAP) for existing retail investors.

12.02 / 13:47

Investment trusts Hipgnosis Songs Fund song Hipgnosis Songs independent valuer Citrin Cooperman resigns after portfolio valuation row

SONG said it is working with its investment adviser, Hipgnosis Song Management (HSM), to run a formal process to appoint a new independent valuer.

09.02 / 18:43

UK bonds Investment trusts fixed income Ruffer Investment Company Investment Trust Ruffer Ruffer backs UK bond allocation despite performance drag

Ruffer defended the UK TIPS position, arguing the volatility in 2024's opening month was 'temporary' and did not alter its stance on the asset as a 'core element of our long-term inflation protections'.

09.02 / 15:37

Investment trusts performance fee Pershing Square Holdings manager slashes performance fee as Ackman eyes US launch

Bill Ackman (pictured) is the CEO of Pershing Square Capital Management.

09.02 / 11:51

regulation investigation Investment trusts Investment Trust Liberum Digital 9 Infrastructure regulatory Digital 9 Infrastructure's Verne Global sale delayed by regulatory investigation

D9 had originally anticipated that approval would be granted by the end of Q1 2024.

29.01 / 10:51

Investment trusts Alternatives wind-up Digital 9 Infrastructure Digital 9 Infrastructure proposes managed wind-down following strategic review

The board has deferred a sale process in Arqiva while it continues to explore options.

29.01 / 10:51

companies Investment trusts AGM continuation vote EGM performance fee Chrysalis faces shareholders with continuation and fee votes set for March

If the vote passes at this AGM, the directors will put further continuation votes to the shareholders every three years, as set out by the firm’s IPO.

26.01 / 14:13

property Investment trusts REITS Numis Andrew Rees Nav AEW UK REIT dividend remains uncovered as tenant administrations hit earnings

Management noted earnings were constrained by 28p due to Wilko and CJ Services both entering administration.

25.01 / 11:48

Abrdn Investment trusts Alternatives private equity abrdn Private Equity Opportunities embarks on share buyback programme

The board said it will consider expanding the programme if substantial distributions from the portfolio take place.

24.01 / 17:19

Investment trusts Diageo Finsbury Growth & Income Nick Train vows to stick to his guns as Finsbury Growth & Income bets big on AI

Nick Train (pictured) addressed shareholders at Finsbury Income & Growth's annual general meeting in London on Tuesday (23 January).

24.01 / 11:55

Invesco Investment trusts AIC Invesco Bond Income Plus unveils discounted £15m fundraising

The fundraising will open today (24 January) and close on 7 February, with admission of the new shares expected on 12 February.

24.01 / 11:55

Real Estate Investment trusts REITS strategic review EGM Irish Residential Properties REIT urges shareholders to reject activist investor EGM proposals

The I-REF directors refuted Vision’s claims that the board cannot be trusted to lead the strategic review.

24.01 / 08:59

Investment trusts JPMorgan Multi-Asset Growth & Income merges with JGGI due to small size reducing appeal to investors

The merger is to be affected through a scheme of reconstruction of MATE, which will see its assets transferred and shareholders will receive new shares in JGGI.

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