Investors lose over £200m in a year as the price of Hipgnosis Songs Fund collapses
The trust’s share price has collapsed by 65% from £1.61 to 56p over the last year
Investment Trusts
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Shareholders approve wind-down of Abrdn Diversified Income and Growth
The trust will repay £115m in the first half of the year, but the remaining £188.8m may not fully mature until 2029 at the earliest
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Could one spreadsheet column solve the cost disclosure crisis for trusts?
Gravis’s Bill MacLeod explains how a FinDaTex tweak could prevent double-counting of investment company costs
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Can smaller trusts survive without consolidation?
The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds
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AIC: Trust purchases turn negative for the first time since 2011
Sales of investment companies overtook purchases by £53m
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Custodian Property Income Reit sets timetable for API merger despite rival bid
Custodian board expects API to maintain its recommendation for all-share merger
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Abrdn Property Income postpones general meeting in wake of rival takeover bid
Shareholder meeting to discuss Custodian’s offer for the trust delayed to 20 March
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Urban Logistics Reit tables rival bid for API
Custodian had proposed an all-share merger with API in January
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AIC: Institutional investors own half of all trust shares
Institutions hold £89bn in investment company shares
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Abrdn European Logistics Income board opts to forgo dividend payment
Cut of dividend payment result of ‘strategic review’
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Baillie Gifford Scottish American manager steps down
Toby Ross will focus on other responsibilities at the Scottish asset manager
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FundCalibre awards Aegon, Fidelity and Ninety One funds with ‘Elite’ rating
Seven strategies received the rating while four were awarded the ‘Elite Radar’ badge
