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

IA drops guidance on investment company charges after FCA statement

City regulator gives green light to more accurate disclosure of investment company charges, prompting the Investment Association to remove contentious guidance on the topic.

Chrysalis’ Williamson: The IPO market isn’t broken but gains must come in other ways

Nick Williamson, co-manager of Chrysalis, is not relying on flotations to prove why shares in the growth capital fund should not trade at a 50% discount ahead of a continuation vote in April.

RM Infrastructure plans swifter capital return if wind-down approved

Shareholders will vote on the winding down of the debt fund at an annual general meeting on 20 December.

BlackRock Frontiers delivers impressive performance

Over the year to 30 September 2023, BlackRock Frontier Markets produced an NAV total return of +25.1% (in US dollars), compared to an increase in its ...

Narrowing discount boosts abrdn Equity Income

In NAV terms, the 12 months ended 30 September 2023 were not great for abrdn Equity Income, which generated a return of 1.8%, lagging its All-Share In...

TwentyFour cuts UK mortgages to recession proof income trust

Specialist debt fund TwentyFour Income has reduced its exposure to high-risk debt including UK mortgages as it worries about the risk of recession.

Woeful results from Henderson Far East Income spell change of manager

Over the 12 months ended 31 August 2023, Henderson Far East Income delievered an NAV return of -13.0% and a share price return of -14.8% as compared t...

More detail on RM Infrastructure Income winddown proposals

RM Infrastructure Inocme (RMII) has published a circular convening a meeting to approve its managed winddown. In September, the manager’s run-off prof...

QuotedData’s morning briefing 30 November 2023 – RC2, CTUK

In QuotedData’s morning briefing 30 November 2023: Following the passing of a resolution at its AGM yesterday, Reconstruction Capital II (RC2) will ha...

Keystone starts buybacks and promises continuation vote after Saba doubles stake

Saba Capital lifts its stake in Keystone Positive Change to 10%, causing the struggling Baillie Gifford investment trust to buy back shares and set a 2027 continuation vote.

Home Reit wrestles back 38 properties from non-paying tenant

AEW reached an agreement for the surrender of the leases from Eden Safe, which has not paid rent since last October.

JLEN eyes buybacks as ‘disappointing’ discount threatens investor vote

A derating over interest rate fears has left 8%-yielding JLEN Environmental Assets on a 19% discount with a continuation vote looming after its tenth anniversary next year.