Investment trusts Financial News
10.08 / 13:29
Investment trusts
Baillie Gifford US Growth trust: 'We are dissatisfied with our five-year performance'
Kirsty Gibson (pictured) manages the Baillie Gifford US Growth trust alongside Gary Robinson.
09.08 / 07:29
Investment trusts
Investment Trust
REIT
boost
Impact Healthcare REIT rides rent increases to boost portfolio value
A second quarter dividend of 1.69p was declared, in line with the 3.5% increase targeted for the year of 6.77 pence per share. Credit: iStock
08.08 / 12:03
acquisitions
London Stock Exchange
Investment trusts
CT Property trust completes sale to LondonMetric Property
'This opportunistic acquisition will benefit both sets of shareholders and provide greater liquidity,' LondonMetric said.
07.08 / 14:51
Investment trusts
Numis
strategic review
Nav
negotiations
Solar
US Solar Fund in negotiations with potential new manager after failed sale attempt
In October last year, the trust said it would be undertaking a strategic review, due primarily to 'structural challenges in the US solar sector' as well as its widening discount to NAV.
04.08 / 09:27
property
Investment trusts
AEW
social housing
Home REIT
Home REIT sells 40 properties for 60% average loss
The properties were chosen for their “limited prospects for income and capital return given the required capital expenditure in order to be brought up to specification”.
03.08 / 16:01
NVIDIA
Meta
Investment trusts
private equity
F&C's Paul Niven shakes up portfolio ahead of 'uncertain' H2
Paul Niven (pictured) is the fund manager of the F&C Investment Trust.
03.08 / 07:41
Investment trusts
schroders
International
Schroders named manager of International Biotechnology trust
The previous investment manager, SV Health Managers, gave a termination notice to the trust in February.
02.08 / 07:33
Investment trusts
Investment Trust
RIT Capital Partners records 'broadly flat' NAV total return in H1 2023
RIT cited difficult market conditions, persistent inflation and rising interest rates as some of the reasons for its results.
02.08 / 07:33
property
companies
Liquidation
Investment trusts
social housing
Home REIT
creditors
Two Home REIT tenants enter creditors' voluntary liquidation
Redemption Project CIC’s liquidation marks the second tied to Gurpaal Singh Judge
01.08 / 14:23
Fidelity
Investment trusts
Investment Trust
Fidelity platform restricts new investment into RIT Capital Partners
Lord Rothschild (pictured) owns 12.4% of the RIT Capital Markets trust, while his charity has a 10% holding.
01.08 / 14:23
Investment trusts
ThomasLloyd Energy Impact
Sue Inglis
continuation vote
TLEI
Continuation resolution
ThomasLloyd Energy Impact trust manager calls for board to withdraw wind-up recommendation
The firm also said it will release a statement setting out its “serious concerns” about the actions of the board of the company “in due course”.
31.07 / 12:55
investigation
Investment trusts
ThomasLloyd Energy Impact
Sue Inglis
ThomasLloyd Energy Impact board urges shareholders to vote in favour of wind-up
TLEI's shares have been suspended since 25 April due to uncertainty over the valuation of its ‘RUMS’ solar park construction project in India.
31.07 / 11:35
IPO
Investment trusts
private equity
Jupiter asset management
Chrysalis NAV grows for second consecutive quarter
(L-R) Co-managers Richard Watts and Nick Williamson
28.07 / 08:15
property
Investment trusts
Investment Trust
investment policy
Home REIT proposes investment policy overhaul as rent collection falls to 7%
Home REIT does not expect to be able to publish its audited results for the period to 31 August 2022 until 'late 2023 at the earliest'.
27.07 / 08:25
Investment trusts
People moves
MIGO Opportunities appoints AVI as former co-manager Cuthbertson takes the reins again
Joe Bauernfreund (pictured) is the CEO and CIO of Asset Value Investors.
26.07 / 12:21
companies
Investment trusts
North Atlantic Smaller Companies trust rebuffs 'misleading' shareholder claims
The group is attempting what Nanoco CEO Brian Tenner described as a ‘backdoor takeover attempt’, pushing to remove the board and replace the CEO and chair.
26.07 / 11:21
asci
Abrdn
Investment trusts
Merger
abrdn Smaller Companies Income trust to merge with Shires Income
Shires is also managed by abrdn, led by Iain Pyle and Charles Luke.
26.07 / 11:21
Investment trusts
Investment manager
155-year old Investment Company selects new investment manager
Following a strategic review that began in February, the trust selected Chelverton as its new investment manager
25.07 / 20:35
London Stock Exchange
Investment trusts
Holdings
Nick Train pledges to 'keep faith' in Lindsell Train holdings as performance lags
Nick Train said «Earnings growth is likely to continue for the foreseeable future.»
24.07 / 13:53
Investment trusts
Willis Towers Watson names tenth stock picker for Alliance trust
'Following extensive corporate governance reforms, we believe the Japanese corporate sector is on the cusp of a long-term revival.'
21.07 / 07:53
Investment trusts
Merger
New Dawn
abrdn proposes folding New Dawn into Asia Dragon trust
An up to 25% cash exit opportunity will be offered to investors in abrdn New Dawn, with the price offered at a 2% discount to the trust’s FAV, less the costs of realising the assets allocated to the cash pool.
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