Valeria Martinez, Investment Week, 10 April 2024: Home REIT paid more than £1m for four adjacent houses in the Lincolnshire seaside town of Cleethorpes that criminals later unlawfully converted into a 6,400 square foot cannabis farm. A spokesperson for the Humberside Police confirmed to Investment Week that a suspected cannabis grow was discovered by officers […]
Investment trust insider on GCP Asset Backed Income – James Carthew: Good funds like GABI shouldn’t wind up at a market low Last week I speculated about the possibility of Abrdn Property Income (API) shareholders opting to continue as a real estate investment trust rather than proceeding with a managed wind-down after its proposed merger with […]
Cherry Reynard, for AIC Compass, 5 April 2024: In March, Scottish Mortgage Investment Trust announced a £1 billion share buyback programme, designed to narrow its persistent discount to net asset value. At a time when investment trust discounts are wide relative to history and arbitrageurs are hovering over the sector, it is one of a […]
Investment trust insider on abrdn Property Income – James Carthew: Why I bought Abrdn Property for the wind-down The Abrdn Property Income (API) / Custodian Property Income (CREI) Reit merger is not happening, having gained insufficient support from API shareholders. There is a strong presumption that API will now enter managed wind-down (most articles seem […]
by Sam Benstead from interactive investor, 3rd April 2024: With just days to go before the 6 April ISA deadline, after which the £20,000 allowance restarts, there is still time to add some new ideas to your portfolio.. Investment trusts often throw up opportunities for bargain hunters, as the share price can diverge from the […]
By Matteo Anelli, Senior reporter, Trustnet, 27 March 2024: Investment companies are notoriously cheap, with more than 30% currently trading at double-digit discounts, as a recent study showed. Yet there is no single headwind that has caused this phenomenon, and no silver bullet that will get discounts back to more normal levels, according to QuotedData […]
GAVIN LUMSDEN, Citywire Investment Trust Insider The bid by Custodian Property Income (CREI) for Abrdn Property Income (API) has failed to gain the required 75% support of API shares meaning fund manager Abrdn will retain the £300m portfolio in a managed wind-down likely to last about two years. David MacLellan, chair of CREI, said he […]
Eve Maddock-Jones, Investment Week, 28 March 2024: The proposed merger between abrdn Property Income (API) and Custodian Property Income REIT (CREI) has been voted down by shareholders, triggering the trust to enter a managed wind-down as a result. API held two series of meetings where shareholders voted on the motion on Wednesday (27 March), its […]
Gavin Lumsden, Citywire Investment Trust Insider, 21 Mar 2024: This article was published in the Telegraph earlier today. If shareholders have learned anything about Riverstone Energy (RSE) during its volatile 10 years, it is perhaps to take profits where you can in a fund investing on both sides of the energy transition. But what do […]
Gavin Lumsden, Daily Telegraph, 20 March 2024: If shareholders have learned anything during a volatile 10 years about Riverstone Energy, a fund investing on both sides of the energy transition, it is to take profits when you can. But what do you do when the investment company offers to buy back your shares for 31pc […]
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