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: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 […]
