Investment company news brought to you by Citywire Financial Publishers Limited and Quoted Data by Marten & Co.

abrdn Diversified Income and Growth begins wind down

abrdn Diversified Income and Growth (ADIG) announced its annual report for the period ending 30 September 2023. The company’s NAV total return was +0....

QuotedData’s morning briefing 10 January 2024 – GSF, RKW

In QuotedData’s morning briefing 10 January 2024: Gore Street Energy Storage Fund (GSF) provided an update for the three months to 31 December 2023. T...

Henderson Diversified shareholders approve merger with High Income

Henderson Diversified Income shareholders vote for its merger with Henderson High Income after the former’s strategy became unsustainable.

LXI sells 66 Travelodge hotels ahead of possible LondonMetric merger

The long-lease commercial property fund confirms the sale of Travelodge hotels to reduce its debts as talks continue with LondonMetric Property.

Reits to steady after ‘shops, sheds, and digs’ saved sector in 2023

Deutsche Numis expects a ‘steady’ year for UK real estate after a rollercoaster 12 months where returns were saved by a rally in retail, industrials and student accommodation.

QuotedData’s morning briefing for 9 January 2024 – UTG, CREI, HHI, HDIV

Unite Group (UTG) has released fourth quarter 2023 valuation information on its student accommodation portfolio. The group’s USAF property portfolio (...

David Stevenson: I’m optimistic a broad rally will lift trusts in 2024

There is no reason to be pessimistic after 2023. Investment companies are poised for a comeback this year.

James Carthew: Deals flurry shows trust recovery has just begun

Merger talks and proposals to liberate capital for share buybacks and investments are clear signs investment companies are pulling away from last year’s bear market.

Octopus target Aquila European considers further share buybacks

Aquila European Renewables refinances Spanish solar assets to free up a €70m (£60m) credit that could be used for buybacks if it rejects a merger approach from rival Octopus.

Bullish European Assets lifts gearing and dividend in end-of-year rally

Sam Cosh, manager of high-yielding European smaller companies trust, deploys £22m of borrowed money to take advantage of a rebound in markets after a difficult October.

Digital 9 continues board overhaul as non-exec steps down

Keith Mansfield's departure means interim chair Charlotte Valeur is the only member of the original board, established at the company's IPO, still working on the trust.

QuotedData’s morning briefing for 8 January 2024 – AERI, CORD, SMIF, ICG

In QuotedData’s morning briefing for 8 January 2024: Aquila European Renewables (AERI) has announced that it has entered into a €50m five-year debt fa...