Custodian Property Income completes £2.35m property sale
Disposal comes at a 15% premium to its valuation
Investment Trusts
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Fidelity Asian Values appoints Ajinkya Dhavale as co-manager
Will work alongside portfolio manager Nitin Bajaj
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Peel Hunt: Rate cuts a catalyst for alternatives trust discounts to narrow
‘The reality is that the first leg of discount narrowing is likely to be reliant on that one factor’
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Square Mile: Baillie Gifford and Fidelity fund ‘A’ ratings removed
While CT Global Social Bond has been inducted into the Academy of Funds for the first time
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Group of trusts issuing new shares despite industry discounts widening
JP Morgan Global Growth & Income, Ashoka India Equity and Invesco Bond Income Plus among issuers
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Home REIT: Rent collection to vary ‘month on month’ as legal action progresses
Rent collected in March amounted to 8% of the total rent invoiced to tenants
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Supermarket Income Reit extends credit facility to £104.5m
Deal with Japanese bank Sumitomo Mitsui increased by £37.5m
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Investec: ‘Impossible’ for Hipgnosis board to keep HSM as its investment adviser
Research house has retained its ‘buy’ rating
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Hipgnosis Song Management calls Shot Tower report ‘inaccurate and misleading’
Investment adviser will ‘respond to the company’s board in due course’
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Custodian Property Income REIT sells two more properties for £15m
Disposals will reduce the trust’s loan-to-value ratio by 2%
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Shot Tower Capital confirms Hipgnosis valuation amid damning due diligence report
Also concludes HSF held a ‘conflicted position’ when recommending the sale of 29 catalogues to shareholders
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API shareholders reject Custodian merger
Trust will now pursue a managed wind down instead