Hipgnosis valuation reduced further 7.6% following double-counting error
Operative NAV reduced to 85.02p per share from 92.08p
Investment Trusts
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Urban Logistics urges API shareholders to reject Custodian merger
Ahead of shareholder meetings on 27 March
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The income-generating trust sector trading at ‘ridiculous discounts’
Infrastructure trusts are trading at steep discounts, but could be overdue a re-rating
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Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
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Custodian REIT board offers further deal incentives ahead of proposed API merger
Comes one week before its consultation with shareholders
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AIC: UK small-cap trusts join Dividend Heroes club
Having raised their dividend for at least 20 consecutive years
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River and Mercantile UK Micro Cap chair steps down
Andrew Chapman retired following the trust’s AGM, to be succeeded by John Blowers
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Regional REIT considers new share offer at ‘material discount’ amid performance woes
‘Exploring a range of refinancing options’
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Cost disclosure campaign steps up calls for trusts to be removed from AIFMD
114 co-signatories, including AIC CEO Richard Stone, have backed calls for cost disclosure reform
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Alliance Trust: There’s more to markets than the Magnificent Seven
The £3.4bn trust outperformed global markets despite an underweight to the Magnificent Seven – and no exposure at all to Apple and Tesla
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Morningstar: 28% of ‘People Pillar’-rated funds have female managers on roster
19% of these strategies are lead-managed by women while 55% adopt a team-based approach
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Home REIT threatens legal proceedings against parties ‘responsible for wrongdoing’
Amid the FCA’s investigation into the investment company
