Specialist mortgage investment company slashes its dividend by a quarter, blaming Bank of England for depressed loan rates that have hit its financial returns in the past four years.
Shares in former Ranger Direct Lending have advanced in the past week since returning from suspension as investors bet a return of capital from the former peer-to-peer loan investor is nearing.
Montanaro European Smaller Companies has stolen the crown from its older rivals after a strong year of outperformance.
Woodford Patient Capital Trust rocked by resignation of only director without commercial links to Neil Woodford as board attempts to buoy shareholders with plans to cut borrowing and vet the manager's transactions.
Bruno Mars and Beyoncé hits are the top money makers for the alternative income fund driving £7.2 million in revenues generated by the music royalty trust in its first annual results.
Regional real estate investment trust is raising up to £100 million to take advantage of a swathe of properties coming on to the market as open-ended funds are forced to sell.
Proposals for a new type of ‘long-term asset’ fund for holding the illiquid - or hard to sell - investments that contributed to suspension of Woodford Equity Income could push more private investors to rival investment trusts.
Private equity giant TDR Capital clinches £2 billion bid for BCA Marketplace, lifting Marwyn Value Investors, the specialist smaller companies investment trust that founded the car auction company, and fund manager Mark Barnett who holds both.
The boards of Edinburgh (EDIN) and Perpetual Income & Growth (PLI) investment trust have stepped up their share buybacks as they seek to address three years of underperformance under fund manager Mark Barnett.
Phoenix Spree Deutschland, the London-listed Berlin residential property fund, has seen its shares tumble this month after city's authorities approved a five-year rent freeze.