Londonmetric to hike dividend by a fifth following mega-merger June 4, 2024 Londonmetric swung from a loss to £118m profit in 2024 as the real estate investment trust reported a 22 increase in rental income.
‘A better outcome’: Ground rents investor expresses relief at decision not to cap charges June 2, 2024 Ground Rents Income Fund has said changes to the law are not as bad as epxected.
The first trust in a year just debuted – and it’s aiming for £500m May 29, 2024 The first public listing for a trust in over a year has unveiled its initial public offering prospectus and is aiming to raise £500m. Special Opportunities REIT (real estate investment trust), an internally managed REIT, said it would look to debut on the London market next month in the largest REIT IPO in well over [...]
London-listed investment trust to go private after less than three years May 29, 2024 Investment company Foresight Sustainable Forestry has received an offer to be taken private.
US Solar Fund survives vote to kill trust May 22, 2024 In the trust's annual general meeting yesterday, 35.4 per cent of investors voted for it to wrap up.
Not another one? Abrdn property trust moves to shutter May 20, 2024 Another Abrdn trust has moved to shutter after struggling to drum up enough interest from investors, as the number of trusts continues to decline rapidly. The £234m Abrdn European Logistics Income trust, which focuses on the European property market, reached the conclusion of its strategic review that in began in December, with its board recommending [...]
Georgia Capital begins share buyback following country’s protests May 17, 2024 Georgia Capital has moved to reduce the gap between its share price and underlying net asset value.
Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer May 9, 2024 The bidding war first broke out on 18 April, after Concord initially offered $1.4bn for the portfolio of the music rights trust.
Hydrogen-focused investment trust finds success in private companies May 8, 2024 Hydrogenone Capital Growth, the investment trust focused on cash into clean hydrogen, has reported a strong performance of its underlying holdings, even though its share price has struggled. The trust’s net asset value (NAV) has grown 0.6 per cent since the start of the year, and 3.6 per cent since March 2023, it reported in [...]
Investment trust body calls for Treasury to fix unnecessary rules costing billions May 8, 2024 The rules around investment trust disclosures are costing the economy billions in lost investment.