Investment trusts Financial News
25.08 / 12:01
Investment trusts
EGM
financing
Blackstone Loan Financing sets EGM date for outlining wind-down details
The firm’s board of directors proposed a managed wind-down of the £301m trust last month due to its persistent discount to net asset value.
24.08 / 13:01
ESG
Investment trusts
ThomasLloyd Energy Impact
Sue Inglis
Investment Trust
TLEI
ThomasLloyd
Investors vote against ThomasLloyd Energy Impact continuation
At today’s requisitioned general meeting and adjourned AGM, 58% of investors voted against the continuation resolution, supporting the board’s stance over the manager.
24.08 / 11:37
UK
bonds
Investment trusts
fixed income
Global
wind-up
NB Global Monthly Income details fourth compulsory redemption in wind-up process
It will be effected at 79.31 pence per share, which is equal to the company’s NAV per share as at 22 August.
23.08 / 14:27
Investment trusts
Numis
Ruffer Investment Company
Ruffer
Buyback
Ruffer makes first ever buyback in near 20-year history amid poor performance
Duncan MacInnes (pictured) runs the Ruffer Investment Company portfolio alongside Jasmine Yeo.
23.08 / 13:19
Investment trusts
Winterflood
AEW
Home REIT
investment policy
Leases
Home REIT begins 'stabilisation' process as it transfers leases on 100 properties
Home REIT said it is now expected to generate “significantly higher rent collection” than has previously been received from One CIC.
23.08 / 08:03
Investment trusts
AEW
Home REIT
general meeting
NOT
'Why have all of you not resigned?': Inside Home REIT's investment policy general meeting
Lynne Fennah, non-executive chair of the trust since launch, said shareholders would have been left in a «very difficult» position if the board had stepped down.
22.08 / 11:27
Provident
awards
Celebrity
Investment trusts
performer
star
week
Investment Week reveals finalists for 25th Investment Company of the Year Awards
Celebrating the 25th Anniversary of the Investment Company Awards
22.08 / 07:37
Investment trusts
AEW
Home REIT
investment policy
Home REIT moves on from Alvarium as shareholders approve new investment policy
Nearly 100% (99.98%) of votes, or 558,771,343 votes per share, were cast in favour of the investment policy changes, with only 0.02% voting against and 13,519 votes withheld.
22.08 / 07:37
property
Investment trusts
Investment Trust
Ediston Property confirms plans to sell entire portfolio
The board reiterated that there was still “no certainty at this time that a sake of the company’s property portfolio will take place”, with none of the final terms, or price agreed yet. Credit: Photo Mix
22.08 / 07:37
Investment trusts
Investment manager
Solar
US Solar Fund selects new investment manager
Amber Infrastructure Group is a specialist international infrastructure investment manager, with £5bn in funds under management
18.08 / 19:55
IPO
Jefferies
Investment trusts
exit
'Green shoots' for listed private equity as exit activity shows rebound signs
A significant uptick in exits would provide private equity investment trusts more freedom to decide how to allocate their capital | Credit: iStock
18.08 / 09:27
Investment trusts
Home REIT
investment policy
Second largest Home REIT tenant begins wind-up process as investment policy vote looms
According to the most recently available filings, Supportive Homes CIC was the trust’s second-largest tenant, representing 10.4% of the rent roll and 1,020 beds.
17.08 / 08:03
Investment trusts
ThomasLloyd Energy Impact
Continuation resolution
ThomasLloyd
RUMS solar project
ThomasLloyd Energy Impact board argues 'no evidence' accounts will be delivered by deadline
The board added the manager «appears to misunderstand its key role and relationship with the company» if it does not see why material information should be provided to the board.
16.08 / 09:13
Investment trusts
ThomasLloyd Energy Impact
Investment Trust
TLEI
ThomasLloyd
ThomasLloyd Group
whistleblower
ThomasLloyd Energy Impact manager denies board's whistleblower accusations
'[We] would not expect publication of allegations of this nature unless and until they have been fully investigated and appropriately corroborated,' the manager said.
15.08 / 14:39
Investment trusts
Numis
ThomasLloyd Energy Impact
Sue Inglis
Continuation resolution
ThomasLloyd Group
whistleblower
Whistleblower implies ThomasLloyd Energy Impact board was misled by manager
TLEI's shares have been suspended since 25 April due to uncertainty over the valuation of its ‘RUMS' solar park construction project in India, in which 8% of the portfolio was invested.
14.08 / 12:23
Investment trusts
ThomasLloyd Energy Impact
Sue Inglis
TLEI
Continuation resolution
ThomasLloyd Group
ThomasLloyd Energy Impact board reiterates recommendation against continuation
The trust's shares have been suspended since 25 April due to uncertainty over the valuation of its Indian construction project.
11.08 / 12:27
Investment trusts
AIC
Merger
Nippon Active Value
Atlantis Japan Growth agrees merger with Nippon Active Value
The Atlantis Japan Growth fund holds £81.9m in assets and is currently trading at a 14.6% discount to NAV.
11.08 / 12:27
Abrdn
Investment trusts
People moves
International
2024
Murray International trust manager Bruce Stout to retire in 2024
Bruce Stout (pictured) has been at abrdn since 1987 and has worked as lead investment manager for Murray International since 2004.
11.08 / 12:27
Investment trusts
Winterflood
Gravis
Backed
Gravis trusts GCP Asset Backed Income and GCP Infrastructure agree to combine assets
The GCP Infra board said the proposed merger will bring multiple benefits to both existing and new shareholders.
11.08 / 12:27
Investment trusts
ThomasLloyd Energy Impact
continuation vote
TLEI
ThomasLloyd Energy Impact manager urges continuation to prevent destruction of shareholder value
The trust's shares have been suspended since 25 April due to uncertainty over the valuation of its Indian construction project.
10.08 / 13:29
Federal Reserve
Interest rates
IMF
VIX
Recession
Investment trusts
Global
Ruffer
Ruffer: Economy 'incapable' of enduring interest rates over 5%
Duncan MacIness (pictured) co-manages the Ruffer Investment Company alongside Jasmine Yeo.
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