Takeover Panel says it will hold an auction for Warehouse REIT next week; top-performing Temple Bar publishes strong half-year results; plus updates from Blackfinch Spring VCT, Ashoka Whiteoak Emerging Markets and dividends from Aberdeen Equity Income and LondonMetric Property. The Takeover Panel says it will hold an auction for Warehouse REIT (WHR) if neither Blackstone […]
An anti-deflation campaign in China helped steer BlackRock World Mining (BRWM) to its third monthly gain in a row in July. The £1bn flagship BlackRock trust said the mining sector had reacted positively to Beijing announcing an “anti-involution” push to take out surplus capacity in loss-making industries. Last month its net asset value rose (NAV) […]
Payouts from London Stock Exchange Group and Japan’s video gaming giant are set to grow and alleviate the dividend pressure on Lindsell Train investment trust, says co-manager Michael Lindsell. Lindsell Train (LTI), the highest-yielding global equity investment trust, has reassured shareholders that pressure on its dividend from the decline in Nick Train and Michael Lindsell’s […]
Bluefield Solar Income has a new chair and says net asset value fell 4.26% in the last quarter; Cordiant Digital Infrastructure amends its investment management agreement; Assura chair steps down ahead of the PHP takeover; plus updates from RTW Biotech, Vietnam Holding and BlackRock Frontiers. Bluefield Solar Income Fund (BSIF) announces a new chair and […]
Temple Bar (TMPL), the best performing UK equity income trust over one and five years, notched up another 3.5% of investment gains last month as the UK stock market rallied on the back of tariff agreements between the US and the EU and Japan. The underlying gain in the investment trust’s net asset value backed […]
US investors have bought more than $15bn (£11bn) of UK equities this year, more than they have allocated to other overseas markets, according to analysis by Schroders that could bode well for undervalued shares in investment trusts. “We are currently seeing increased interest in UK companies from our US and international investors, with many noting […]
Deutsche Numis dismissed after criticising Third Point Investors’ treatment of shareholders in the Malibu Life acquisition; HICL Infrastructure sells £225m of assets to fund share buybacks, Bluefield Solar makes £38m of disposals to pension fund partners and Land Securities sells a £245m office block. International Public Partnerships has a new lead manager at Amber Infrastructure. […]
Update: Third Point Investors (TPOU) has won shareholder approval for its controversial acquisition of Malibu Life, angering the rebel investor group which accused it of ignoring the wishes of independent shareholders. At an extraordinary general meeting on Thursday, 66.67% of votes cast were in favour of the reverse takeover that will see Dan Loeb’s £329m […]
European Opportunities Trust cuts the fee it pays fund manager Alexander Darwall after another year of underperformance largely caused by the slump in its top holding Novo Nordisk; Murray International beats its benchmark in the first half; plus results and updates from European Assets, Invesco Bond Income Plus, Vietnam Enterprise and JPMorgan Emerging Europe. European […]
Aquila Renewables (AERI) pausing its sales process with a preferred bidder last month was a “major disappointment” for MIGO Opportunities (MIGO), weighing on returns after two strong months for the bargain-hunting closed-end fund investor, although it did benefit from a positive update from Chrysalis Investments (CHRY). Chrysalis’ announcement of a 14% increase in net asset […]
