At AEW UK REIT’s AGM, there were big votes – around 20% – against the reelection of the directors. The board says “It is the company’s understanding that a significant proportion of these votes came from a single institution…. [and] that the votes were cast against potential participation in a corporate event.” In other words, it looks as though one shareholder was not keen on the possibility – now past – of AEWU bidding for Alternative Income REIT. However, the turnout for the AGM was just 23.3% of the share register, so the objecting shareholders actually hold less than 5% of the company. QuotedData’s James Carthew said “This underscores the dangers of shareholders ignoring what look like routine votes“.

International Public Partnerships generated an annualised NAV return of 8.2% over the first half of 2026 and has reconfirmed its dividend targets of 8.79p for the current financial year and 9.01p for FY27. First half dividends were covered 1.3x by cash flow. It points out that planned investments in Sizewell C, BeNEX and Moray West OFTO are not reflected in the NAV but are expected to add value (as they offer average 11% returns versus the 9.1% weighted average discount rate used to value INPP’s future cash flows). In other news: Tideway (the Thames super-sewer) is up and working and has been handed over to the operator; there are 2,000 people on site building Sizewell C; toob was written off; and INPP sold a portfolio of schools and a stake in the Moray East OFTO.

In its interim results, VH Global Energy Infrastructure, which is in managed wind down, has flagged the need to pay tax on some disposals and the costs involved in some of these transactions. There is a $12m tax liability and $4.3m of costs on the recently announced sale of its US terminals and £11m on the sale of the Brazilian hydro facility. No tax expected on the sales of the Brazilian solar, Australian solar and BESS, UK flexible power with CCR, Iberian and Swedish solar and wind investments, but R$0.9m of costs associated with the Brazilian solar deal. A Brazilian buyer is in exclusive talks to buy the remaining seven operational Brazilian solar assets, which are contracted with Telefônica. There will not be an interim dividend for Q2 2026. The NAV at 30 June 2026 is 98.8p, down 3.4%.