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 […]
Empiric Student Property agrees to takeover by Unite; Riverstone Energy sets “adjustment payments” to its fund manager ahead of next week’s wind-down vote; and JPMorgan American and JPMorgan Claverhouse issue half-year results. Unite (UTG) is to buy Empiric Student Property (ESP) after the two companies agreed a recommended cash and share offer in talks that […]
Veteran small-cap fund manager Paul Jourdan’s attempt to get on the board of Maven Renovar (MRV), the former Amati AIM VCT that sacked him and his company last year, has failed with around 60% of votes against him and fellow requisitionists at a general meeting of shareholders today. Chair Fiona Wollocombe, who has been under […]
