Who owns investment companies? Data reveals institutional dominance February 19, 2024 Institutions hold half of all the shares in investment companies by value, or £89bn of the holdings, according to new data from the Association of Investment Companies (AIC). Analysing £177bn of shareholdings, or 87 per cent of the industry’s total market cap, the data revealed that wealth managers hold 25 per cent of all shares, [...]
Hipgnosis launches legal action against its fund manager founder Mercuriadis February 19, 2024 Hipgnosis Songs Fund has launched legal action against its fund manager Hipgnosis Songs Management (HSM) and founder Merck Mercuriadis. The music royalties trust said that HSM had refused to protect it against potential liabilities from claims brought by former business partners of Mercuriadis that accuse him of stealing the idea for Hipgnosis in 2018. Mercuriadis [...]
Abrdn logistics trust delays dividend amid potential takeover February 19, 2024 The £249m Abrdn European Logistics Income trust has delayed the payout of its fourth quarter dividend amid a number of proposals to buy the trust. In a stock exchange notice, the trust’s board said it had received a number of “broad ranging preliminary, indicative non-binding proposals” to purchase or merge the trust. It added that [...]
Expect more real estate investment trust mergers as the age of the ‘big box behemoth’ dawns February 18, 2024 News about real estate investment trusts (REITs) merging with each other have rapidly emerged this year, as the sector looks to embrace economies of scale.
Low power, please charge: Battery storage troubles leave investors on the hook February 15, 2024 A number of battery storage investment trusts are struggling. Is this just a bump in the road or the beginning of the end?
The 32 investment trusts that would have made you an ISA millionaire February 13, 2024 A total of 32 investment trusts would have made you a millionaire if you invested the full annual ISA allowance in the same trust every year since 1999
Tritax Big Box and UK Commercial Property agree to merge creating £6.3bn real estate giant February 12, 2024 In a stock exchange notice this morning, Tritax Big Box said the merger, which still needs to be voted on by shareholders, would "bring together complementary logistics-oriented investment portfolios with a shared focus on resilient and growing income."
Warehouse REIT makes £13.4m in portfolio sales as it continues to focus on debt reduction February 12, 2024 In a stock exchange notice this morning, the trust said that the combined price of the sales was 3.7 per cent ahead of the book value from September 2023 and reflected an average net initial yield of 5.3 per cent.
Troubled investment trust D9 confirms ‘managed wind down’ after debt and share woes January 29, 2024 Digital 9 Infrastructure (D9) has confirmed it is winding down the company after it bought too many companies and struggled with the debt.
‘Size does matter’: JP Morgan set to merge trusts as they’re too small January 24, 2024 JP Morgan Asset Management is set to merge its the Multi-Asset Growth & Income trust (MATE) into its Global Growth & Income trust (JGGI), due to MATE’s small size. In a stock exchange notice today, the two trusts said MATE would be folded into JGGI, creating the largest investment trust in the global equity income [...]