European Assets Trust names lead manager
Mine Tezgul, CT head of European small cap equities, succeeds Sam Cosh
Investment Trusts
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Lipper Funds study: The highest yielding equity trusts
There are 32 trusts investing in equities with yields above 4%
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House of Lords criticises FCA’s application of cost disclosure rules for investment trusts
Financial Services Regulation Committee said retained MIFID and PRIIPS rules has cost the UK an estimated £7bn
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Racing Gebrselassie to running a biotech trust: Branching Out with IBT’s Marek Poszepczynski
International Biotechnology Trust manager recalls his sporting career and the experiences that shaped him as an investor
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Aberforth to launch new investment trust
It aims to deliver high levels of income by investing in UK smaller companies
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Stifel: Concord Music ‘calls Blackstone’s bluff’ over call option
Analysts said the bid may test the strength of HSM’s call option
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US Solar Fund to roll out fixed tender offer and halve dividend target
Investment company sets out refinancing plans following prolonged double-digit discount
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Hipgnosis Song Management: Board has ‘no legal grounds’ to terminate relationship
JOHCM’s share disposal reduces ‘irrevocable undertaking’ support bid down to 23.1%
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Blackstone launches £1.2bn rival bid for Hipgnosis Songs
Trust’s board said it would be minded to recommend the proposal to shareholders if a firm offer was made
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Concord to buy entire issued share capital of Hipgnosis
Proposed deal values Hipgnosis at $1.4bn – a 32.2% premium to its closing price last night (17 April)
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Ashoka India Equity proposes share issuance possibly doubling total number of shares
Also proposes removal of cap on number of holdings
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Balanced Commercial Property Trust initiates strategic review
Board considering options to reduce its ‘material discount’