Quilter Cheviot to vote against Saba’s ‘self-serving’ trust plans
The top wealth manager is the second-biggest shareholder in the targeted Baillie Gifford US Growth Trust and joins Evelyn Partners in its opposition to the proposals.
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Healthcare to lead the way: AIC
What should investors be looking out for in the coming year?
Buoyant pricing and exit pick-up boost private equity trusts
A number of updates from private equity investment companies suggests net asset values are regaining ground after a tough few years for the deeply-discounted sector.
Majority of Chrysalis’s portfolio continues to perform strongly
Chrysalis (CHRY) has announced its annual results for the year ended 30 September 2024, during which its NAV increased by 4.9% to 141.26p per share, w...
QuotedData’s morning briefing 10 January 2025 – CYN, MINI, RTW
In QuotedData’s morning briefing 10 January 2025: Following the release of a circular on 7 January 2025 in relation to the requisition by Saba Capital...
Get out the vote: Trusts scramble to mobilise retail investors in Saba battle
The seven trusts requisitioned by Saba fear that not enough private investors, who own as much as 45% of some targets, will vote.
Herald questions Saba’s cash exit claims
Apparently, Saba published a press release this morning in which it said: “If shareholders support Saba’s resolutions to reconstitute the HRI [Herald]...
Saba ups the ante with full cash exit offer for Herald investors
Saba Capital lays out plans to offer Herald investors a 100% cash exit should they vote for its proposals on 22 January.
QuotedData’s morning briefing 9 January 2025 – BGLF, SSIT, TIR, HWG, CLI, DLN
In QuotedData’s morning briefing 9 January 2025: Blackstone Loan Financing (BGLF) will return €260m to shareholders via a compulsory redemption of 344...
Bid for troubled GRIO offers shareholders swift end to property pain
Victoria Property offers to pay £32.5m for Ground Rents Income, which is in the process of winding down, leading to a more than 30% jump in its share price on Tuesday.
HydrogenOne’s Sunfire gets €200m of guaranteed funding
Sunfire, one of HydrogenOne’s largest investments, has secured €200m in guaranteed financing. The financing is provided by a consortium led by Commerz...
Nick Train puts more ‘skin’ in struggling Finsbury Growth
Nick Train has bought a further round of shares in Finsbury Growth & Income in a show of support for the ailing UK equity income fund.
