In a year already overloaded with geopolitical shocks and economic recalibrations, it would be easy to miss the quieter – but no less meaningful – developments taking place within the UK’s investment trust market. While headlines may have fixated on activist campaigns and takeover bids, a number of trusts have quietly outperformed or innovated in […]
AEW UK REIT (AEWU) has published its annual results for the year to 31 March 2025, marking its tenth anniversary with a strong set of figures that reflect the consistent execution of its value-driven, sector-agnostic strategy. The company delivered a NAV total return of 15.3% and a shareholder total return of 28.7%, significantly outperforming both […]
In QuotedData’s morning briefing 27 June 2025 We also have: Stories you may have missed from yesterday:
Patria Private Equity Trust (PPET) has published its half-yearly report for the six months to 31 March 2025, delivering a NAV total return of 2.6% and a share price total return of 5.9%. Despite a more subdued private equity market, PPET’s portfolio continued to perform well operationally, with strong earnings growth among underlying companies and […]
Chrysalis (CHRY) has reported an 8.0% uplift in NAV per share over the six months to 31 March 2025, to 152.62p, helped by portfolio revaluations and the ongoing share buyback programme. However, the share price edged 1.5% lower over the same period to 91.90p, leaving the trust trading at a 40% discount to NAV at […]
In QuotedData’s morning briefing 26 June 2025, shareholders in CQS Natural Resources Growth and Income have approved proposals allowing its tender to proceed, We also have: Stories you may have missed from yesterday:
Looking to stay ahead of the curve on Caledonia‘s performance, portfolio moves, and strategic outlook? Their results and reports section gives you direct access to detailed financial statements, performance summaries, and shareholder updates – all in one place. Whether you’re a seasoned investor, analyst, or simply tracking market trends, this is your go-to resource for […]
abrdn New India Investment Trust (ANII) has reported robust annual results for the year ended 31 March 2025, with the trust delivering an adjusted NAV total return of 11.7%, significantly outperforming its benchmark, the MSCI India Index, which returned just 0.7% over the same period. The share price rose by 16.0%, narrowing the discount from […]
The boards of Tritax Big Box REIT (BBOX) and Warehouse REIT have reached agreement on the terms of a recommended cash and share offer, in which BBOX will acquire Warehouse REIT – trumping the current Blackstone offer. Under the terms of the acquisition, each Warehouse REIT share will be entitled to receive 0.4236 new BBOX […]
Sequoia Economic Infrastructure Income (SEQI) has published its full-year results for the period ended 31 March 2025. While total net assets fell slightly to £1.44bn (from £1.52bn in 2024), the fund delivered a NAV total return of 6.1% over the year. This is modestly below its long-term target of 7–8%, but comes in a year […]
Edinburgh Worldwide (EWI) has released interim results for the six months to 30 April 2025. The trust delivered a NAV total return of -2.9%, significantly ahead of the -7.2% fall in its benchmark, the S&P Global Small Cap Index. The share price declined by 1.9% as the discount to NAV narrowed from 7.6% to 6.7%. […]
In QuotedData’s morning briefing 25 June 2025, Polar Capital Global Financials has completed its tender, Invesco Asia Dragon is increasing its dividend, Weiss Korea Opportunity has announced its first capital return, Life Settlement Assets has a c3% NAV uplift following the revaluation of a group of policies, Seraphim Space will be doing a presentation on […]
Foresight Environmental Infrastructure (FGEN) has reported its annual results for the year ended 31 March 2025, during which the company continued to generate robust income from its diversified portfolio despite a volatile macroeconomic environment for listed infrastructure trusts. For the tenth consecutive year, FGEN achieved record cash receipts from its underlying investments, totalling £90.4m, which […]
Gresham House Energy Storage Fund (GRID) has completed an £8.6m third-party equity raise for Glassenbury Battery Storage Ltd, the special purpose vehicle which owns its Glassenbury A and B projects in Kent. The capital will fund the augmentation of the 50MW projects from 38MWh to 110MWh, increasing duration to 2.2 hours. The equity has been […]
RTW Biotech Opportunities (RTW) has provided an update on private portfolio company Corxel Pharmaceuticals, its second-largest core holding as at 31 May 2025, representing 8.3% of NAV. Corxel, a clinical-stage biopharma firm developing therapies for cardiometabolic diseases, recently announced two key developments relating to its lead candidate, CX11 – an investigational, once-daily oral GLP-1 receptor […]
In QuotedData’s morning briefing 24 June 2025, Caledonia is holding its public companies spotlight today, which includes a live webcast, Fidelity Japan shareholders have approved changes to its articles that will give the board six months rather than three to come up with proposals following its failed continuation vote, Mike Lindsell has been buying shares […]
Ashoka WhiteOak Emerging Markets Trust (AWEM) has published its annual results for the year ended 31 March 2025, reporting a NAV total return of 8.8% for the period, 3.0 percentage points ahead of its benchmark, the MSCI Emerging Markets (GBP) Index. Since its IPO in May 2023, AWEM’s NAV is up 21.7% compared with a […]
JPMorgan European Growth & Income (JEGI) has reported another good year of performance, extending its track record of outperformance over its benchmark and peers to five consecutive years. For the year ended 31 March 2025, the trust delivered a NAV total return of 3.5%, ahead of the benchmark return of 2.5% and well above the […]
The board of Assura has recommended the offer for the company from Primary Health Properties (PHP), switching from its previous recommendation for the KKR/Stonepeak bid. Under the terms of the increased PHP offer, Assura shareholders would receive 0.3865 new PHP shares and 12.5p in cash. In addition, Assura shareholders would receive a special dividend of […]
SDCL Efficiency Income Trust (SEIT) has reported a total return on NAV of 7.1% and maintained its NAV per share at 90.6p for the year ended 31 March 2025. Dividends totalling 6.32p per share were declared and covered by portfolio cash inflows. However, with the shares continuing to trade at a deep discount to NAV, […]
The boards of European Smaller Companies Trust (ESCT) and European Assets Trust (EAT) have announced that they have reached agreement on the heads of terms for a proposed combination of the two companies. The merger will be implemented via a scheme of reconstruction under section 110 of the Insolvency Act 1986, resulting in the voluntary […]
In QuotedData’s morning briefing 23 June 2025: We also have: Stories you may have missed from Friday:
The rout in the healthcare sector shows no sign of abating. Even during the recent market weakness, investors haven’t appreciated its defensive qualities, but have instead focused on the potential disruption to US healthcare from an unpredictable new administration. However, contrarian investors may spot opportunities in the gloom. The MSCI World Healthcare index is down […]
Downing Renewables & Infrastructure Trust (DORE) has announced that its board has agreed terms for a recommended all-cash acquisition by Polar Nimrod Topco Limited (Bidco), a newly formed vehicle wholly owned by Bagnall Energy Limited. The transaction, which will be implemented via a Court-sanctioned scheme of arrangement, values DORE at approximately £174.6m, or 102.6016p per […]
Aquila European Renewables (AERI) has confirmed the completion of its previously announced Sagres disposal (a hydropower asset in Portugal), with the company receiving €14.7m in sale proceeds. The deal marks a key step in AERI’s managed wind-down process, following the board’s strategic review and shareholder backing for a staged realisation of assets. Looking ahead, the […]
Octopus Renewables Infrastructure Trust (ORIT) has agreed a conditional forward purchase of a sixth solar site at its Ballymacarney complex in Ireland. The new site, named Irishtown, will add 32.6MW of capacity and increase the total output of the complex by 14% to 274MW. The €27m acquisition will be completed following the site’s construction and […]
In QuotedData’s morning briefing 20 June 2025 We also have: Stories you may have missed from yesterday:
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Cordiant Digital Infrastructure’s results for the year ended 31 March 2025 are pretty good. The NAV rose from 117.9p (adjusting for the dividend) to 129.6p. That translated into an NAV total return of 11.6%. The share price total return was 43.1%, driven by a substantial narrowing of the discount. The dividend has been upped by […]
Montanaro European Smaller Companies has published results for the year ended 31 March 2025. The NAV return lagged that of the MSCI Europe ex-UK SmallCap Index benchmark, returning -1.1% to the index’x 1.3%. However, discount narrowing (from 13.7% to 8.3%) meant that shareholders got a return of 5.1%. During the year, the company bought back […]
