Franklin Global Trust (formerly Martin Currie Global Portfolio Trust) has released its annual results for the year to 31 January 2025, marking a pivotal year in its evolution. The trust delivered a NAV total return of 7.3% and a share price total return of 10.1%, both in positive territory, but underwhelming when compared to the […]
The North American Income Trust (NAIT) has reported a significantly improved performance for the year ended 31 January 2025, following its transition to Janus Henderson Investors as manager in August 2024. The portfolio manager Fran Radano moved across to Janus Henderson with the trust and is now supported by Jeremiah Buckley as co-manager. During the […]
In QuotedData’s morning briefing 22 April 2025: We also have: Stories you may have missed from Thursday
The UK’s beleaguered listed battery storage sector has found itself thrust back into the spotlight this week after a group of funds, controlled by Foresight Group, launched a surprise bid for Harmony Energy Income Trust (HEIT). The Foresight funds’ bid trumps a previous bid from Drax Group for HEIT at 88p per share. Drax’s offer […]
Pacific Horizon Investment Trust (PHI) has announced plans to introduce a performance-linked conditional tender offer that could see up to 25% of its issued share capital (excluding treasury shares) repurchased, depending on how the trust performs over the next five years. The proposed tender offer, due to be assessed at the end of a performance […]
abrdn Diversified Income and Growth (ADIG) has announced the commencement of a secondary sales process to accelerate the realisation of its remaining private markets portfolio. The company has appointed Campbell Lutyens as an independent broker to lead the process, which the board believes will optimise value and support the trust’s managed wind-down. The decision follows […]
ICG Enterprise Trust (ICGT) has announced the realisation of its investment in Minimax, a global fire protection systems provider, generating cash proceeds of €53m (£45m). The sale was completed in line with the last reported NAV, and proceeds have now been received. ICGT first backed Minimax in 2018 via primary commitments to ICG Europe VI […]
BlackRock Frontiers – co-manager Niaz steps down BlackRock Frontiers Investment Trust (BRFI) has announced changes to its portfolio management line-up following a wider restructure of BlackRock’s Global Emerging Markets (GEM) team. The shake-up, which aims to improve investment focus and better align portfolio responsibilities with areas of expertise, will see Sudaif Niaz – co-manager since […]
In QuotedData’s morning briefing 16 April 2025: [QD comment MR: It is encouraging to see a director of MTU investing money into the trust as it not only helps improve alignment with other shareholders but shows confidence in the strategy at a time when the trust continues to trade on a notable discount to NAV […]
Gore Street Energy Storage Fund (GSF) has agreed the sale of investment tax credits (ITCs) tied to its Dogfish project in Texas, securing gross proceeds of approximately £18–19m. The transaction is expected to close by the end of June 2025, with funds to be received shortly thereafter. The pricing aligns with previous guidance of $60–80m […]
