(Alliance News) - Herald Investment Trust PLC shares rose on Friday after it announced plans to offer all stockholders the option to sell their entire stakes. Read More
(Alliance News) - Stock prices in London opened higher on Friday, as the FTSE 100 was buoyed by news of merger talks between Glencore and Rio Tinto. Read More
(Alliance News) - J Sainsbury reports a strong Christmas period as food sales rise, while Herald Investment Trust launches a tender offer conditional on Saba selling all of its shares. Read More
(Alliance News) - Bankers Investment Trust PLC on Wednesday said it has appointed Richard Clode as co-fund manager alongside Alex Crooke. Read More
Herald Investment Trust PLC - aims for capital appreciation through investments in smaller quoted companies in technology and communications - Net asset value per share is 2,553.9 pence on June 30, up 2.6% from 2,488.2p on January 1. This compares to a 6.9% positive total return for the trust's UK comparison index and a 12% negative total return for its US comparison. Chair Andrew Joy says the increase in NAV would have been higher if not for the 9.7% appreciation in the pound against the dollar during the half-year, as US stocks account for 34% of the trust's portfolio. Read More
Herald Investment Trust PLC - London-based investment trust focused on technology, media and communications - Shareholders at the annual general meeting on Monday vote for continuation of the trust, having previously rejected an attempt by activist investor Saba Capital Management LP to remove the entire board. The continuation resolution passes with 65% of the vote at the meeting. Similar percentages support the re-election of directors. The Herald board says it believes that 99.9% of all votes not cast by Saba, or on behalf of Saba, support continuation. Read More
(Alliance News) - Herald Investment Trust PLC on Thursday said it believes it can achieve excellent returns as it posted a solid increase in net asset value amid a boom in artificial intelligence. Read More
(Alliance News) - Saba Capital Management LP on Wednesday said it would continue to press for change at Herald Investment Trust PLC after shareholders voted against a proposal from the New York hedge fund. Read More
(Alliance News) - Herald Investment Trust PLC on Wednesday said shareholders had "unanimously" rejected proposals by Saba Capital LP to oust the current board. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday called on investors to reject plans by Saba Capital Management LP as it reported a rise in net asset value. Read More
Herald Investment Trust PLC - London-based investor in technology, media and communications companies - Says independent proxy adviser Glass Lewis recommends shareholders vote against Saba Capital Management LP resolutions at January 22 general meeting. Saba has requisitioned general meetings at seven trusts and nominated representatives to replace existing directors. Read More
(Alliance News) - Herald Investment Trust PLC on Tuesday reiterated its opposition to a takeover proposal by Saba Capital Management LP, citing an independent recommendation. Read More
(Alliance News) - Saba Capital Management LP on Monday addressed "misleading" claims as it continues to push for management change at seven investment trusts. Read More
(Alliance News) - Herald Investment Trust PLC on Thursday urged shareholders to vote against resolutions proposed by Saba Capital Management LP at the upcoming general meeting, citing the hedge fund’s track record of underperformance and the potential for significant value loss under its proposed strategy. Read More
(Alliance News) - Saba Capital Management LP on Thursday offered shareholders of Herald Investment Trust PLC a full cash exit at 99% of net asset value if Saba's attempts to reconfigure the board are successful. Read More
(Alliance News) - Keystone Positive Change Investment Trust PLC on Tuesday said Saba Capital Management LP has "dramatically overstated" its underperformance, as Saba aims to drive management shake-ups at several "underwhelming" firms in its portfolio. Read More
(Alliance News) - Saba Capital Management LP on Monday pushed back on claims made by two of its investees, as the company aims to drive management shake-ups at several "underwhelming" firms in its portfolio. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday asked shareholders to vote against motions proposed by Saba Capital Management LP, which criticised "underwhelming" performance at seven London-listed trusts last month. Read More