By:Elliot Gulliver-Needham, Investment Reporter, 3 April 2024: Investment trust Pantheon Infrastructure delivered an “impressive” 10.4 per cent growth in net asset value, above the trust’s eight to 10 per cent yearly target The £491m trust’s annual results, released today, revealed that assets grew by 11 per cent throughout the year. That figure included 4p per […]
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 […]
By:Elliot Gulliver-Needham, Investment Reporter, City A.M., 25 March 2024: After a year of abysmal performance, the board of Baillie Gifford’s Shin Nippon trust have pledged to commit to a major tender offer if its problem persists. In the trust’s 2023 results today, the investment trust revealed that the trust’s share price had declined by 20.5 […]
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 […]
Michelle McGagh, Citywire Investment Trust Insider, 21 Mar 2024: Andrew Pegge, a former Laxey Partners activist, has urged Abrdn Property Income (API) to scrap plans for a highly discounted all-share merger with Custodian Property Income (CREI) and opt for a managed wind-down that he says will deliver a better result for shareholders. Pegge, a former […]
James Baxter-Derrington, Investment Week, 21 March 2024: The board of abrdn Property Income (API) has reiterated its unanimous recommendation of the proposed all-share merger with Custodian Property Income REIT (CREI), arguing net asset disposals conducted in a managed wind-down would achieve lower prices than a selective portfolio sale post-merger. In a regulatory filing today (21 […]
By:Elliot Gulliver-Needham, Investment Reporter, City A.M., 21 March 2024: Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust […]
