Hipgnosis shareholders back £20m offer to prospective buyers
99.9% of those who attended the EGM voted in favour
Investment Trusts
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Stifel: Scale of likely BlackRock World Mining dividend cut could ‘unsettle’ income investors
Yield would still be an estimated 6% despite a potential 43% cut to its final dividend, compared to 2022
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Hipgnosis seeks indemnity from founder amid legal claims
While Mercuriadis has stood down as CEO of the trust’s investment adviser
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Home Reit collects 10% of owed rent as stabilisation process rumbles on
Delayed annual results expected to be published in Q2
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Chrysalis board urges shareholders to vote for continuation ahead of EGM
Trust faces its first continuation vote since IPO at AGM in March
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£889m Digital 9 Infrastructure trust to wind down
Discount had fallen to over 75%
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JPM Multi-Asset Growth & Income to merge into JGGI
Process expected to be completed by the end of March
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Home Reit sells further 103 properties to reduce debt
1.6% of the trust’s portfolio sold for £6.6m
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Nick Train undecided on future of Manchester United holding following INEOS deal
Finsbury Growth manager had envisaged a full takeover of the club rather than a minority sale
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Hipgnosis Songs Management refuses to scrap call option as row continues
Bidder incentive fee vote comes amid the board’s allegations of ‘cherry-picking’ by Hipgnosis Songs Capital
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Cash is no longer king: Investors drop cash allocations in 2023
Investors dropped cash allocations from 11% to 8.9% last year as confidence in equity markets improves, says Interactive Investor
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Abrdn Property Income Trust agrees merger with Custodian Property Income Reit
The enlarged Custodian Property Reit will manage £1bn assets