Investment trusts Financial News

14.09 / 11:09

Investment trusts continuation vote Hipgnosis Songs Fund Concord Hipgnosis Hipgnosis agrees $465m catalogue sale from public trust to private Blackstone vehicle

The purchase price of the sale of catalogues to Hipgnosis Songs Capital realises a total return of 44%.

11.09 / 15:19

Fidelity Investment trusts Alternatives AJ Bell private equity Numis Interactive Investor Equity trusts dominate platform most bought lists despite recent alternatives issuance

The most bought lists across AJ Bell, interactive investor and Fidelity’s consistently include well-known names that have amassed a sizable following among retail investors over many years.

11.09 / 10:45

Investment trusts Ediston Property agrees to £200m sale of property portfolio

The deal represents a 10.8% discount on the most recent net asset value per share of 80.77p

11.09 / 10:45

Jefferies Investment trusts continuation vote Hipgnosis Songs Hipgnosis Jefferies: Potential Hipgnosis Songs bidders may be dissuaded by number of impediments

The Hipgnosis Songs fund is trading at a similar discount to RHM and is approaching its five-year continuation vote at the end of this month.

11.09 / 08:13

economics inflation Interest rates Investment trusts Macroeconomics Financial Ruffer: 'Gravity' set to reassert itself on financial markets as recession looms

Duncan MacIness (pictured) co-manages the Ruffer Investment Company alongside Jasmine Yeo.

11.09 / 08:13

Investment trusts Alternatives share price Schiehallion share price falls 28% despite year-on-year losses narrowing

C shares in the vehicle performed better, down 19.4% over H1, although the discount to net asset value deepened to 50.4%.

08.09 / 12:33

Jefferies Investment trusts Winterflood Hipgnosis Songs Fund Takeover Round Hill Music Royalty fund agrees to $470m takeover offer

The trust’s portfolio consists of 51 catalogues comprising over 150,000 songs by artists including Bruno Mars, Celine Dion, Louis Armstrong and The Supremes.

08.09 / 11:57

Investment trusts Schroders Capital Growth Innovation hires Winterflood for share repurchase programme

The repurchase programme will begin today and last until 31 December 2024.

08.09 / 10:39

Investment trusts Renewables Ecofin US Renewables enters strategic review due to widening discount

RNEW’s board revealed it had recently approached another investment trust with a merger proposition, but this had been unsuccessful.

08.09 / 10:39

Progressive awards Celebrity Investment trusts performer star VCTs vct Nominate now for investment trust/VCT Rising Star of the Year Award

Celebrate the 25th anniversary of the Investment Company of the Year Awards

07.09 / 08:41

property Liquidation Investment trusts social housing Home REIT Home REIT tenant Supportive Homes CIC enters voluntary liquidation

FRP Advisory Trading Limited has been appointed as liquidator, adding to its work on Gen Liv UK CIC and Lotus Sanctuary CIC.

06.09 / 14:29

Investment trusts Merger Winterflood Gravis RM Infrastructure Income proposes managed wind-down as Gravis trust merger scrapped

The RMII board said it “remains open” to any approaches from third parties who have not yet put forward a proposal.

05.09 / 15:31

industry Investment trusts Real estate stock exchange IPSX to wind down operations

IPSX had just three companies listed, including Mailbox REIT, which was the first to list on the exchange in May 2021, M7 Regional E-Warehouse REIT and BWP REIT.

05.09 / 09:45

Investment trusts Diversity Quilter Cheviot calls for overhaul of investment trust sector governance

Only three out of the 41 investment trusts qualified for a green rating in each of the categories, while two received a red rating across the board.

05.09 / 07:43

Investment trusts investment policy Nippon Active Value Nippon Active Value eyes tweaks to investment policy following double merger

The trust intends to 'acquire meaningful minority stakes in each investee company', it said in the shareholder letter.

04.09 / 08:13

Investment trusts AEW Home REIT Board Of Directors Home REIT begins 'formal and phased' board succession process

Home REIT said the senior independent director to be appointed has «significant» investment company expertise.

01.09 / 12:22

Investment trusts REITS Triple Point Social Housing sells four properties roughly in line with book value

The properties were sold at a gain of £663,136 (9.6%) against the purchase price and comprise a range of property types, lessees and care providers.

01.09 / 08:11

Investment trusts ThomasLloyd Energy Impact Sue Inglis ThomasLloyd ThomasLloyd Group general meeting ThomasLloyd Energy Impact board faces removal vote at second general meeting

The board noted its disappointment at convening a second general meeting requisitioned by investment manager ThomasLloyd Global Asset Management, given investors voted against the continuation resolution on 24 August.

31.08 / 12:45

Investment trusts Nippon Active Value 'Consolidator' Nippon Active Value posts 6.7% rise to NAV total return for first half of 2023

The trust has become a 'consolidator' within the AIC Japan sector.

30.08 / 07:49

Investment trusts wind-up Financial Shareholders approve wind-up of Axiom European Financial Debt fund

The board expects it will be able to reimburse clients’ shares on or around 12 September, according t the liquidation documents.

25.08 / 13:56

UK Investment trusts Numis abrdn UK Smaller Companies Growth trust cuts fees amid weak performance

The trust’s discount sat at 14.3% at the end of June, with 6% of shares bought back over the year. The board has an 8% discount target in normal market conditions.

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