Bankers Investment Trust says that “Following discussions with shareholders since the publication of the company’s Annual General Meeting Notice dated 15 January 2025, and given that market circumstances have changed, the board has decided to withdraw Resolution 15 from the agenda of the Annual General Meeting, to be held at 12 noon on Tuesday 25 […]
Herald Investment Trust has published results for the 12 month period ended 31 December 2024. The NAV as at 31 December 2024 was 2,488.2p (2023 – 2,219.2p), an increase of 12.1% during the year, compared to an increase in the comparative total return indices of 5.0% for the Deutsche Numis Smaller Companies plus AIM (ex. […]
Polar Capital Global Financials Trust has published results for the 12 months ended 30 November 2024. It was a great year for the sector. In NAV terms, the trust just failed to keep pace with its MSCI ACWI Financials Index benchmark, returning 34.8% to the index’s 36.1%. However, a narrowing discount (from 12.2% to 5.5%) […]
Black Rock Throgmorton has announced results for the 12 months ended 30 November 2024. Over that period, its NAV return was 16.3%, ahead of the benchmark Deutsche Numis Smaller Companies plus AIM (excluding Investment Companies) Index which returned 14.1%. However, the discount widened from 3.6% to 13.2% and that meant the return to shareholders was […]
Keystone Positive Change is pushing ahead with its cash or rollover scheme. As previously announced, each ordinary shareholder will be entitled to elect to receive, in respect of some or all of their shares, new shares in the Baillie Gifford Positive Change Fund and/or an uncapped cash exit (subject to the cash option discount of […]
In QuotedData’s morning briefing 20 February 2025: Jupiter Green (JGC) has updated the timetable for its proposed reconstruction. The last day of dealings in its shares will be 4 March 2025. Diverse Income (DIVI) says that Gervais Williams and Claire Long will update investors via a live presentation on 6 March 2025 at 11am. The […]
In QuotedData’s morning briefing 17 February 2025: Fair Oaks Income (FAIR) is returning $4.5m to holders of its realisation shares on 28 February 2025 by way of a compulsory partial redemption of realisation shares. This sixth redemption since the share class was created will be effected at 56.58 US cents per share (NAV as at […]
At today’s meeting of Edinburgh Worldwide shareholders that was requisitioned by Saba Capital, Saba’s proposals were overwhelmingly rejected by 63.8% to 36.2%. The turnout at the meeting was 64.7%. Edinburgh Worldwide’s chair Jonathan Simpson-Dent said: “Edinburgh Worldwide’s shareholders have spoken: they have rejected Saba Capital’s proposal for a fundamentally different strategy based on fundamentally different […]
Henderson Opportunities results for the 12 months ended 31 October 2024 are out. The NAV return was 17.1%, ahead of the All-Share which returned 16.3%. The narrowing discount, achieved ahead of the announcement of the board’s plan to offer a cash exit or a rollover into an open-ended vehicle, meant that the share price return […]
Scottish American (SAIN) has published results covering the 12 months ended 31 December 2024. It was not a good year for the trust, with an NAV total return of 6.1% significantly lagging the market’s return of 19.8%. A widening discount made the share price total return even worse, ending the year at -4.2%. The company […]
