Hipgnosis rival suitors ‘could not justify’ paying higher price than Blackstone-backed bid
$440m (£359m) bid for a fifth of the trust’s portfolio to be voted on this week
$440m (£359m) bid for a fifth of the trust’s portfolio to be voted on this week
We ran some questions past Ian Lance, co-fund manager of Temple Bar Investment Trust
Ahead of looming continuation vote
The investment companies sector is enduring another tough year
ASCI’s average discount over the last 12 months stands at 13.2%
And will vote against continuation at 26 October AGM and EGM
Retroactive payments plummeted 54% to $9.9m (£8.1m) following an industry-wide decision by US Copyright Royalty Board
Five L&G passive funds in top ten
Shareholders will vote on the plan in January 2024
The trusts have seen a considerable bounce over the last three months
Lazard will waive fees for three and-a-half months amid initial portfolio changes
London-listed investment trust invests solely in the Middle East region