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
Shareholder meeting to discuss Custodian’s offer for the trust delayed to 20 March
Custodian had proposed an all-share merger with API in January
Cut of dividend payment result of ‘strategic review’
Team led by Peter Michaelis
£150m of costs will be cut across the business over two years
Scott Duggal and Janaka Nanayakkara due to depart the firm
The enlarged Custodian Property Reit will manage £1bn assets
In restricting access to certain funds and trusts, are platforms making an assumption that DIY investors are incapable of grown-up value assessments?
The trust will return some capital this year as it winds down, but shareholders may not see a full repayment until 2033 as private assets mature
Glaister to join as partner for Leeds office investment management team
Amount is equivalent to six months’ worth of management fees
Four new funds have been added to the firm’s Academy of Funds