Eve Maddock-Jones, Investment Week, 19 May 2023: The end of quantitative easing and the return of interest rates has been a catalyst for investing in financials, with traditional banks benefiting “almost immediately”. Speaking to Investment Week, Sebastiano Pirro, chief investment officer, Algebris Investments, said banks had been “under construction” for the past 15 years following […]
By Tom Aylott, Reporter, Trustnet 19 May 2023: Those investing in trusts for a source of income may consider strong dividend growth as a sign that managers have consistently upped their payouts over a long time, but the data can be misleading. QuotedData found the 10 portfolios that increased their pay-outs the most over the […]
Investment trust insider on shed investors – Richard Williams: Property analyst Richard Williams picks out one undervalued real estate investment trust that looks attractive as bids and mergers sweep the commercial property sector. Recent bids for real estate investment trusts (Reits) at more than 40% premiums to prevailing share prices should have been a much-needed […]
by Jennifer Hill from interactive investor, 10 May 2023: Eight investment trusts have half a century or more of increasing payouts to investors but deeper analysis is required to ascertain their true income prowess, reports Jennifer Hill… But dividend growth alone does not make a trust the best home for income seekers’ capital. A deeper […]
Investment trust insider on Triple Point Energy Transition – James Carthew: Small TENT’s big discount, high yield looks unfair Last week I talked to the management team of Triple Point Energy Transition (TENT). The investment trust is less than three years old, but investors seem to have lost patience with progress and the shares trade […]
By JANE DENTON and MIKE SHEEN FOR THIS IS MONEY, 9 May 2023: Civitas Social Housing has agreed to be snapped up by Wellness United Limited, a wholly-owned subsidiary of CK Asset Holdings, in a £485million deal. London-listed investment trust Civitas aims to provide investors with income and the potential for capital growth from investing […]
by Faith Glasgow from interactive investor, 9 May 2023: The recent widely publicised spat between members of Scottish Mortgage’s board of directors has once again focused attention on investment trust boards as a unique aspect of the closed-ended fund structure… Investment trusts are required to have independently elected boards of directors because they are structured […]
By Mitchell Labiak, Investors’ Chronicle, May 9 2023: Social housing landlord Civitas (CSH) has backed a £485mn take-private offer from Hong Kong-based investor CK Asset Holdings (CKA). The 80p per share cash offer represents a 44.4 per cent premium to Civitas’ closing share price on 5 May – with shares jumping this morning to match […]
GAVIN LUMSDEN, MICHELLE MCGAGH, Investment Trust Insider, 9 May 2023: Civitas Social Housing (CSH) is to exit the UK stock market after CKA Group, a Hong Kong asset management group and direct investor in the real estate investment trust’s fund manager, pounced with a premium cash bid. Shares in the provider of supported social housing […]
BY:CHARLIE CONCHIE, City A.M. 9 MAY 2023: London-listed social housing investor Civitas revealed it had struck an “undervalued” deal to sell itself to a Hong Kong property giant today, as it looks to escape a barrage of criticism from short sellers and the media. Bosses at Civitas said this morning they had agreed to a […]
