The investment trust provides an update on its manager, Marylebone Partners LLP, which is in advanced discussions to join Brown Advisory, an independent investment management firm.
The investment manager for this major investment trust is in advanced discussions to join a larger independent investment firm.
The investment company has released its mid-month estimated net asset value per share.
The investment trust reported a negative NAV return but positive share price performance. It improved its financial position by repaying debt, while facing challenges in a volatile market environment.
The company has fully repaid the principal and final interest on a £20.7m debenture stock, and will negotiate a smaller Revolving Credit Facility going forward.
The non-executive director of the asset management firm has acquired 3,000 ordinary shares.
The retailer has announced new research coverage from Kepler Trust Intelligence, providing investors with additional analysis on the company.
Routine director shareholding notification for this investment company.
The investment trust reported a strong 21.5% NAV total return for the year, maintaining its dividend at 8.0 pence per share. Its Liquid Endowment Strategy demonstrated resilience across all core strategies.
Asset management firm sees director acquire shares