Back in September, Pantheon Infrastructure (PINT) made an investment in Intersect Power – we wrote about it here. Today, it has announced that most of this business has been sold to Alphabet (the parent company of Google) for $4.75bn (plus Alphabet is taking on Intersect’s debt). Intersect is one of the largest renewable platforms in […]
Edinburgh Worldwide (EWI) has published the circular ahead of the meeting that was requisitioned by Saba. The board’s arguments against Saba’s proposals have already been published – we covered them here – but the main message is don’t hand over control to Saba’s nominees (especially since they have refused to articulate what will happen to […]
Law Debenture – winner of best investment company for income two years in a row in our Investors’ Choice Awards – is a unique trust. There are two distinct components to the portfolio: a UK equity income portfolio and a professional services business. Denis Jackson is Law Debenture’s CEO – not a position that you […]
3i Infrastructure was a well-deserved winner in this year’s QuotedData Investors’ Choice Awards, and it won an award last year too. What is it that makes it a popular choice for investors who want to diversify their portfolio with exposure to alternative assets and who also want income? We talked to James Dawes, chief financial […]
The FCA has published its new consumer composite investment (CCI) rules, which are designed to govern how CCIs interact with investors. Effectively, this is the resolution that we have long been waiting for on cost disclosures. Many in the investment companies sector had lobbied for closed-end investment funds to be outside the scope of this […]
Edinburgh Worldwide (EWI) has issued a new statement as it hits back against Saba’s latest requisition notice. The board says that it recommends that shareholders take no action and await a further announcement from the company. The chair Jonathan Simpson-Dent had this to say:“Saba has for a second time launched a power grab calling for […]
In results for the 12 months ended 30 September 2025, the board of Schroder AsiaPacific (SDP) observes that the trust has delivered average annual NAV returns of 1.5% over the past 10 years – well ahead of the average 9.8% return on its benchmark. More recently, NAV returns have been marginally behind the index (+15.7% […]
Julian Cane, the well-regarded manager of CT UK Capital and Income (CTUK), plans to step down as manager of the trust with effect from 1 January 2026. He will be succeeded by Dominic Younger. Over Julian’s tenure, the NAV total return has been 535% and the share price return 567%. For contrast, the FTSE All-Share […]
PRS REIT (PRSR) has published a circular ahead of a liquidation vote planned for 5 January 2026. The sale of the trust’s portfolio is expected to complete on 11 December 2025. That means that the estimated amount available for distribution will be close to the NAV per share of 114.9p. If you are a shareholder […]
As one of the co-managers, Spencer Adair, approaches his retirement next March, Monks Investment Trust’s (MNKS) interims to end October 2025 show it outperforming the World Index in NAV terms and benefitting from a narrowing of its discount. The NAV return for the period was +29.2% and for the share price +35.2%, which both compare […]
