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Move by investment trust’s administrator lops a further 5.5% from the battered portfolio of early-stage healthcare and technology companies.
Shares in Woodford Patient Capital Trust jump to six-week high after avoiding follow-on investment to Rutherford Health its largest investment formerly called Proton Partners.
Woodford Patient Capital's stake in Rutherford Health set to rise to 18% of net assets following latest fundraising, with 20% limit looming.
Gabelli Value Plus, a poorly performing US investment trust, is locked in a battle with wealth manager Investec, its largest independent shareholder.
Triple Point Social Housing counters regulatory pressure on its sector saying real estate investment trust (Reit) saves taxpayers up to £2,000 a week for each vulnerable person it shelters.
The Artemis fund managers running global investment trust have sold out of social media giant Facebook again, citing governance and valuation concerns.
Merian plans to switch unquoted stocks held by five of its funds into its Chrysalis investment trust as Woodford fund suspension throws spotlight onto illiquid investments.
Investment trust fund-raising sparks to life with Merian Chrysalis and Hipgnosis Songs Fund announcing plans to issue more shares at a discount to their current prices to meet investor demand.
Nick Leslau managed real estate investment trust continues to scour polarised property market for buying opportunities with cash from its recent sale of hospitals.
Northern Trust agrees not to enforce strict terms of Woodford Patient Capital Trust's £150 million loan facility in return for veto over new investments.