Update: Saba plans full cash exit option for Herald
Herald board responds to Saba’s announced plans to offer a cash exit, should its attempts to appoint its own directors be successful
Investment Trusts
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Chrysalis settles Revolution Beauty claim
Chrysalis sold its position in Revolution Beauty, which it had bought for £45m, for a near 90% loss in 2022
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Trusts targeted by Saba campaign urge shareholders ‘take no action’
The US activist plans to replace the boards of seven trusts, in what some call an ‘entirely self-serving’ move
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Artemis gains Invesco Perpetual UK Smaller Companies mandate
Trust to be run by Mark Niznik and Will Tamworth
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Saba Capital launches campaign to replace seven investment trust boards
Activist investor is seeking to replace the boards of Baillie Gifford US Growth, Henderson Opportunities and more
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Nick Train: Sage went from my worst detractor to my best performer
His second biggest holding dragged on Finsbury Growth and Income’s performance in 2024, but leapt a whopping 35% in November
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PRS REIT: ‘Number of interested parties’ regarding sale of trust
The board is in ‘active discussions’ about selling the trust with ‘a number of interested parties’
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J.P. Morgan proposes wind-down plan for Global Core Assets trust
It will liquidate its portfolio and return the proceeds to shareholders by the end of 2025
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Lindsell Train IT’s NAV return slumps as LTL valuation falls
The trust’s double-digit discount remains “a concern” for the company’s board
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Cyber Monday: Seven industry experts talk tech as sector extends dominance
The industries and names expected to shine in 2025 and beyond
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Home REIT repays Scottish Widows loan
Final £28.6m payment was made this week
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MPS: Smaller-value clients face restricted access
Reluctance of platforms to allow for fractional trading means the inclusion of ETFs and trusts within model portfolio services is being constrained