Investment trust insider on shareholder democracy – Carthew: Platforms could still do better as Saba threat to trusts remains Despite Saba’s resounding defeat against Herald, the challenge of rallying support for upcoming investment trust shareholder votes could still be greater than realised. I have said it here before, but it bears repeating, that one of […]
by Faith Glasgow from interactive investor, 27th January 2025: When it was introduced back in 2009, the Association of Investment Companies’ (AIC) Dividend Heroes concept was a stroke of marketing genius. It highlighted the 19 investment trusts that had maintained or increased payouts to shareholders for more than 20 consecutive years, regardless of the ups […]
By ANNE ASHWORTH, Daily Mail, 25 January 2025: The investment trust sector, the custodian of £269 billion of the nation’s savings, can trace its history back to 1868. But 2025 is set to go down in the annals of this industry as the year when it faced what some saw as an existential threat. The […]
By: Elliot Gulliver-Needham, Investment Reporter, CityAM, 23 January 2025: Investec analysts have slammed the sale of Digital 9 Infrastructure’s assets as part of the investment trust’s wind-down, describing the process as “extremely poor for shareholders”. Digital 9, once a darling of the infrastructure sector, fell into chaos after governance concerns and funding problems emerged throughout […]
Linus Uhlig, Investment Week, 23 January 2025: Manhattan-based activist hedge fund Saba Capital said it “remains committed to putting shareholders’ interests first” and “ultimately rehabilitating” a “broken” UK investment trust sector, despite two thirds of Herald investment trust (HRI) shareholders’ votes cast against all eight of its resolutions. At Wednesday’s (22 January) requisitioned general meeting […]
by Val Cipriani, Investors’ Chronicle, January 23, 2025: A number of investment trusts are set to offer exit options in 2025, giving investors the opportunity to cash in their investments at or near net asset value (NAV). Investors will have to weigh up whether to stay invested in the trusts for the long term, take […]
Questor on Edinburgh Worldwide – Ignore recent performance blips – this trust will keep building the future If a certain US vulture investor is defeated, there is long-term gain to be had A US vulture investor has requisitioned a meeting to replace the board of Edinburgh Worldwide and replace it with two directors, one of […]
Linus Uhlig, Investment Week, 22 January 2025: Shareholders of Herald investment trust (HRI) have voted heavily against Saba Capital’s eight proposed resolutions at the first of seven requisitioned general meetings to vote on the changes put forward by the US activist hedge fund. Over two thirds (65.1)% of the total votes were cast against the […]
By: Elliot Gulliver-Needham, Investment Reporter, CityAM, 22 January 2025: A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign to take over the boards of several UK trusts. In a series of stock exchange announcements, the Blackrock trusts said that they had made an […]
By Najiyya Budaly, Law360, 21 January 2025: Investment trusts on the London stock market should work at persuading retail investors that they have viable plans to increase value for shareholders if they want to defend against activist shareholders moving in to seize control, lawyers say. Analysts in the sector are watching after moves by a […]
