Investment trusts Financial News

27.09 / 07:43

Investment trusts strategic review Ediston Property shareholders approve £200m property portfolio sale

Completion of the sale is expected to occur on 28 September, after which a further announcement will be made.

26.09 / 14:31

HSBC BMW Investment trusts AIC Merchants trust lags UK market as growth style outperforms value in 'difficult' H1

Despite the challenging first half of the year for the trust, MRCH currently stands as one of the few investment trusts in the market trading on a premium.

26.09 / 10:37

Investment trusts H1 2023 Nav Schroders Capital Global Innovation positions portfolio for buybacks as NAV slumps 13%

INOV shares were down 18.9% over the period, as its discount to NAV widened to 51.3%.

25.09 / 15:57

ESG Investment trusts ThomasLloyd Energy Impact ThomasLloyd general meeting Time Investors back ThomasLloyd Energy Impact board over manager for a second time

Investors representing 92.3% of the trust’s total issued share capital voted in this second requisitioned general meeting.

25.09 / 10:33

Investment trusts Winterflood tender offer Buyback Pantheon International Pantheon International launches £150m tender offer as part of £200m share buyback scheme

The closing date is expected to be 17 October 2023, with strike price announced on 18 October and settlement on 26 October.

25.09 / 08:29

Investment trusts Acquisition Concord Takeover Round Hill Music sets out full terms of takeover scheme

In an RNS release today (25 September) the board outlined the full details of the offer along with a timeline of events if all goes according to plan.

22.09 / 12:17

hedge fund Investment trusts Numis H1 2023 Nav Buyback buyback programme Third Point Investors extends buyback programme as underperformance persists

Third Point Investors’ NAV fell by 3.8% in the six months to June, compared to a 15.4% gain for the MSCI World index and a 16.9% rise for the S&P 500 index.

22.09 / 12:17

Investment trusts AIC AGM continuation vote European Opportunities European Opportunities trust lowers management fees as continuation vote looms

According to data from the Association of Investment Companies, EOT is currently trading at a 9.97% discount.

22.09 / 07:43

property Investment trusts social housing Home REIT Bust Home REIT tenant surrenders leases on 146 properties

This brings Home REIT’s direct exposure to Mears Limited to 177 properties and £1,623,875 per annum of contracted rent.

20.09 / 14:31

Investment trusts shareholders general meeting Nippon Active Value Nippon Active Value shareholders approve double merger with abrdn and Atlantis Japan trusts

At the general meeting today (20 September), the two resolutions passed with 99.9% of votes cast in favour of each.

20.09 / 14:31

NatWest Investment trusts Premium share price City of London trust maintains share price premium despite underperforming UK market

CTY’s premium grew from 2.5% in 2022 to 3.1% during the reported period.

20.09 / 14:31

Fidelity Investment trusts Unit trusts/OEICs Platforms Fidelity platform restricts Crux European Special Situations fund after Richard Pease retirement

CRUX founder Richard Pease

20.09 / 11:01

Investment trusts Unit trusts/OEICs GAM Interactive Investor interactive investor puts two Super 60 funds and an investment trust under review

The Janus Henderson European Select Opportunities fund and the trust’s reviews were triggered by the upcoming retirement of their fund managers.

19.09 / 15:15

Investment trusts general meeting Pollen Street eyes exit from investment trust sector

The trust will hold a general meeting on 11 October seeking shareholder approval to turn Pollen Street into a commercial company.

18.09 / 07:57

Investment trusts AGM continuation vote Gravis Backed end Gravis trusts GCP Infra and GCP Asset Backed Income end merger talks

GABI and GCP Infra had also been having discussions with the RM Infrastructure trust over a potential combination of assets, but talks were scrapped at the start of September.

15.09 / 12:25

Asia Investment trusts Winterflood AVI Japan Opportunity trust dodges widening discount trend as profits rise

The trust’s net asset value increased 5% over the six months, compared to an MSCI Japan Small Cap fall of 0.4% in the same period.

15.09 / 12:25

Investment trusts continuation vote Blackstone Investec Hipgnosis Songs Hipgnosis Backed Investec downgrades Hipgnosis Songs to 'Hold' after catalogue sale to Blackstone-backed fund

In an environment where investment company corporate governance is “under the microscope”, the analysts said the board “has fallen short here”.

15.09 / 11:45

HSBC Barclays Investment trusts REIT Supermarket Income REIT refinances its debt facilities

'The company continues to be able to access debt financing at attractive margins, however, given the current macroeconomic environment the board considers it prudent to maintain a lower LTV.'

15.09 / 11:45

Investment trusts continuation vote Blackstone Hipgnosis Songs Fund share buybacks Hipgnosis Hipgnosis Songs music catalogue sale comes under scrutiny as continuation vote looms

The response to the proposals from shareholders has so far been lukewarm, with the trust’s share price up less than 0.3%.

15.09 / 11:45

Investment trusts Numis Buyback buyback programme VH Global Sustainable Energy Opportunities unveils £10m share buyback programme

The programme is expected to be accretive to both NAV per ordinary share and dividend cover, as well as provide additional liquidity for GSEO's underlying shares.

15.09 / 11:45

Investment trusts AGM ThomasLloyd Energy Impact Sue Inglis Investment manager ThomasLloyd Energy impact to appoint new investment manager

'These changes to the company's investment management arrangements will expedite the completion of the 2022 accounts and 2023 interim accounts and lifting of the suspension of trading in the company's shares.'

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