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Riverstone Energy, UK’s best fund over three years, leaps on plan to return a third of capital

The oil and gas explorer and decarbomisation fund has generated a 179% three-year shareholder return yet is stuck on a a 27% discount, leading to another big tender offer.

Digital 9 Infrastructure slumps to new low as Iceland probes Verne sale

Investors in indebted infrastructure fund dismayed by delay to sale of key asset Verne Global after Iceland's competition regulator announces an investigation.

Phoenix Spree talks to lenders over plan to ramp up condo sales

Berlin residential property fund Phoenix Spree Deutschland wants to ‘significantly’ up the number of condominiums it sells to cut debts and improve shareholder returns.

Phoenix Spree talks to lenders over ramping up profitable condo sales

Berlin residential property fund Phoenix Spree Deutschland wants to ‘significantly’ up the number of condominiums it sells to cut debts and improve shareholder returns.

Stifel warns BlackRock World Mining investors face big dividend cut

Lower demand for commodities and decarbonisation costs have depressed dividends from miners, with Stifel analyst Iain Scouller predicting the investment trust will cut its final payout by about 40%.

Stifel warns BlackRock World Mining investors face a big dividend cut

Stifel analyst Iain Scouller predicts the trust will cut its final payout by about 40% as lower demand for commodities and decarbonisation costs depress dividends from miners.

HydrogenOne: Now is the time for us to deliver as industrial buyers gather

Burgeoning industrial interest in hydrogen energy should provide profitable exits for HydrogenOne Capital Growth this year and help narrow the shares’ 50% discount.

Hipgnosis Songs investors approve £20m bidders’ fee

The new board of the royalties fund receives 99.9% shareholder support to its proposal to cover the costs of potential bidders.

Riverstone Energy launches $200m tender offer

Riverstone Energy proposes to return $200m (equivalent to approximately £158m) of its excess capital to shareholders by means of a tender offer at a p...

Pershing Square cuts management fee

Pershing Square Holdings says that its investment manager (Pershing Square Capital Management, L.P) has proposed and the board has approved some chang...

Quoteddata’s morning briefing 8 February 2024 – DGI9, BIPS, APAX, SYNC, HEIT, SHIP

In Quoteddata’s morning briefing 8 February 2024: Digital 9’s (DGI9) sale of Verne Global may take longer than expected to close as the Icelandic anti...

SDCL Energy weighs up asset bids to show its 40% discount is wrong

‘Credible’ offers for some assets of SDCL Energy Efficency Income could help investment trust shore up its depressed shares as the 11%-yielder reports cash flows in line with expectations.