This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
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UPDATE: This trust has been taken over by Verdane for 111p a share.
Augmentum Fintech (AUGM) invests in early-stage financial technology companies that are based in the UK and Europe. It was launched in 2018 with a portfolio of five companies bought from the Augmentum partnership, which had been set up in 2010 by the trust's managers, Tim Levene and Richard Matthews, and with the backing of RIT Capital Partners. Follow-on equity fundraises in 2019, 2020, and 2021 allowed AUGM to build up its portfolio to around two dozen investments. Eight disposals have been made so far including Interactive...
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This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
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UPDATE: In August 2026, Sven Borho retired as lead manager with immediate effect, with Trevor Polischuk stepping up to replace him. Geoff Hsu of Biotech Growth has been appointed as deputy manager.
Worldwide Healthcare (WWH) was launched in April 1995. Initially focused on the pharmaceutical industry, it expanded its remit to the entire healthcare sector in 2010. OrbiMed (and its predecessor firm) has been the trust's investment adviser since its IPO with Sven Borho, one of OrbiMed's founders, and Trevor Polischuk taking over as lead managers in 2017 after the departure of Sam Isaly. Up to Se...
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This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
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Custodian Property Income REIT (ticker: CREI) was launched in 2014. An initial portfolio of around 50 UK property assets has now trebled in size to around 150 which is diversified by both region and sector but has a particular focus on smaller properties valued at less than £10m. CREI's portfolio is valued at just under £600m and it has around £170m of debt, mostly at fixed interest rates and with staggered maturity dates. The trust has a market cap of about £340m and trades at a discount of around 20%, a little wider than its three-year average of 15%. CREI raised its dividend from 5.25p in 2...
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This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
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Personal Assets Trust (PNL) says its "primary objective is to protect and increase (in that order) the value of shareholders’ funds per share over the long term" and it is the largest of the three wealth preservation trusts in the Flexible sector (the other two being Capital Gearing and Ruffer). PNL was launched in 1983, became self-managed in 1990, and was run by Ian Rushbrook from 1990 until he died after a short illness in 2008. Troy Asset Management was appointed as the management firm in early 2009 and Sebastian Lyon has been the lead manager for the last decade and a half. PNL currently ...
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This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
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Scottish Oriental Smaller Companies (SST) was launched in 1995 to invest in smaller companies across Asia. It has generated a share price total return of around 11% a year since its IPO, well ahead of the regional small-cap index and with a particularly strong period of returns from 2002 to 2017. It holds around 50 positions and targets "preserving capital and growing it sensibly" by avoiding companies with poor managers, weak franchises, and poor governance and, as it sometimes says, seeking "growth at a Scottish price." The trust's original management firm was Stewart Ivory & Company, wh...
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