Short-sellers gather at 7.7%-yielding Primary Health Properties
Third quarter update from specialist real estate investment trust overshadowed by appearance of four short-sellers betting the shares will continue to struggle with high interest rates.
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Digital 9 plans to sell of its crown jewel Verne
The Triple Point digital infrastructure fund aims to sell its complete stake in Verne Global as it tries to win back shareholders after last month's dividend cut.
Digital 9 plans to sell off its crown jewel Verne
The Triple Point digital infrastructure fund aims to sell its complete stake in Verne Global as it tries to win back shareholders after last month’s dividend cut.
Hipgnosis Songs faces ‘reset’ after investors crush board, seize control
Update: Fund manager Merck Mercuriadis faces losing Hipgnosis Songs after shareholders vote against the royalty fund's continuation, a proposed sale of assets and oust chairman Andrew Sutch.
Hipgnosis AGM: Continuation vote fails as investors oust chair
Investors overwhelmingly voice their dissatisfaction with Hipgnosis Songs, voting against its continuation and the re-election of chairman Andrew Sutch who was already due to step down.
Hipgnosis AGM: Will Song remain the same?
The future of Hipgnosis Songs hangs in the balance as shareholders gather this morning to hear the results of votes on the fund’s continuation and its proposed asset sale to fund manager Merck Mercuriadis.
Abrdn Diversified ditches drastic action but offers investors £35m by 2025
Abrdn Diversified Income & Growth, the 125-year-old investment trust formerly known as British Assets, backs away from a merger or asset sale after concluding a strategic review.
Greencoat UK Wind hikes dividend 14% and throws £100m at its shares
Shares in the largest London-listed renewables fund jump after its board diverts more of its strong cash flows to the RPI-linked dividend and starts a share buyback programme.
Vietnam Opps outperforms but suffers double blow from real estate scandal
VinaCapital Vietnam Opportunities held steady in a tricky year to 30 June but saw its real estate holdings fall and one property developer default on a loan.
Two Hipgnosis directors resign as shareholder rebellion comes to a head
Andrew Wilkinson and Paul Burger, two senior non-executives of Hipgnosis Songs, step down from its board on the eve of two key votes that will determine the royalty fund's future.
Fidelity EM eyes Middle East small-caps despite regional tension
Managers of Fidelity Emerging Markets tell Citywire that while larger companies look expensive there is value to be had further down the market spectrum.
Fidelity Emerging looks for ‘ideas’ in Middle East
Fidelity Emerging Markets is looking to gradually correct an underweight to countries like Saudi Arabia but is proceeding cautiously while the Israel-Hamas conflict rocks the region.
