Saba Capital has lifted its stake in SDCL Energy Efficiency Income (SEIT) from 10% to 11%. Most of the position is in total return swaps. Shares in the £564m renewable energy infrastructure fund stand on a 41% discount. Last month its board warned it may not recommend shareholders vote for the company’s continuation this year after debt levels jumped above a 65% limit.

LondonMetric Property (LMP) has bought a further nine Premier Inn hotels from Whitbread for £89m with a net initial yield of 5.3% on new 30-year leases generating £5m of rent and benefiting from five-yearly CPI inflation-linked reviews. The “mature and purpose-built” hotels have 955 bedrooms and are located at Southampton Airport, Kings Langley, Milton Keynes, Poole, Colchester, Fareham, Waltham Abbey, Chipping Norton and Warwick. Premier Inn / Whitbread is now LMP’s fourth largest occupier, contributing £11.3m of annual rent and accounting for 2.7% of total rent. Following a recent £44m acquisition of a portfolio from Whitbread, LMP now owns 22 Premier Inn hotels.

Primary Health Properties (PHP) has achieved 60%, or £5.4m, of its £9m annualised cost savings target since completing the £1.6bn all-share acquisition of rival Assura in October. This mainly came through a reduction in staff and the elimination of duplicated professional fees. Chief executive Mark Davies, who is also senior independent director of Palace Capital (PCA), said the enlarged group was well placed to take advantage of the improving rental growth outlook across primary care and private hospitals, with six developments on site and an advanced pipeline of 51 asset management projects. In a full-year trading update, PHP declared a first quarterly dividend of 1.825p per share, equivalent to 7.3p for the year, up from 7.1p in 2025, to put the company on track for a 30^th year of consecutive dividend growth.

Abrdn European Logistics Income (ASLI) has received a requisition request for a general meeting from DL Invest Group, the 19% shareholder that wants to stop the company’s 19-month wind-down and have itself appointed as fund manager. ASLI says it will publish a circular and details and timing of the meeting shortly. It advised shareholders to do nothing. ASLI’s disposal process is well advanced having sold 22 of its 27 original assets with the remaining five either under offer or about to go under offer.

Mobius (MMIT), the £161m emerging markets small-cap trust hit by a 43% share redemption last month, says the sale of assets within the redemption pool it created is “well advanced”. The company expects to announce the redemption share price and pay out proceeds to redeeming shareholders by the end of January.

Aquila European Renewables (AERI), a £138m fund whose wind-down is being overseen by chair and activist investor Robert Naylor, is to return €34m to shareholders in a first distribution under its B-share scheme. The return of capital represents 15% of net assets at 30 September and follows the disposals last year of its Sagres, Holmen II and Svindbaek assets.

LMS Capital (LMS), the £14m private equity fund put into wind-down last May, is making its second return of capital, distributing £1.6 through the issue of B-shares equal to 2p per ordinary share and representing 5.4% of net assets at 30 September.