Home REIT offloads £24.3m of properties in ‘poor condition’ at 65% loss
153 properties representing 6.5% of its portfolio
Investment Trusts
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Asia Dragon and New Dawn trust merger approved
Deal will create a trust with more than £700m in assets
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UK Commercial Property REIT and Picton Property Income in merger talks
Parties working out the terms of a potential all-share deal
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Hipgnosis appoints former Round Hill directors to board
Robert Naylor named chair, while Francis Keeling appointed NED
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Home REIT sells further 14 properties at 51% loss
Rent collection for October improved to 18% of the amount invoiced
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Hipgnosis scraps dividend until new financial year
Hipgnosis’s catalogue bonus provision is expected to increase by £18.5m to £54.8m
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Troy Income & Growth Trust suspends buybacks ahead of possible merger
Board exploring options for combination with another investment trust
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The top-performing UK equity trusts trading on double-digit discounts
Aberforth Smaller Companies, Aurora Investment Trust and Chelverton Growth Trust earn a place on the list
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Square Mile adds investment trusts to Academy of Funds
The fund research house has given ratings to 18 closed-ended funds
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US Solar Fund widens investment policy
Allowing investment into ‘development-stage assets’
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Digital 9 Infrastructure board rejects shareholder’s call for strategic review
Aqua Ventures had demanded a review by 3 November, or it will call an EGM to replace the trust’s board
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Hipgnosis shareholders reject £440m portfolio sale and continuation
Board to put forward proposals for ‘reconstruction, reorganisation or winding-up’