(Alliance News) - Aberdeen Group PLC's Aberdeen Investments is to become the alternative investment manager of Herald Investment Trust PLC, alongside a tender offer and "standstill" deal with Saba Capital Management LP, the firms announced on Thursday. Read More
(Alliance News) - London stocks were called higher on Thursday, while JD Sports reports a "resilient performance" for its latest year and Aberdeen Group is set to become Herald Investment Trust's manager, as well as entering a "standstill agreement" with Saba Capital. Read More
(Alliance News) - Herald Investment Trust PLC on Friday said it will proceed with a backstop tender offer if it cannot reach "a mutually agreeable solution" with activist investor Saba Capital Management LP. Read More
(Alliance News) - UK retail sales fell in the month of February but by less than expected, while GSK and AstraZeneca hailed positive clinical and regulatory progress. Herald Investment Trust said it will proceed with a backstop tender offer for up to 100% of shares if no agreement is reached with Saba. Read More
(Alliance News) - The Association of Investment Companies on Friday called on Saba Capital to do "the decent thing" and accept Impax Environment Market's tender offer following the public fallout between the American hedge fund and the investment trust. Read More
(Alliance News) - Herald Investment Trust PLC on Monday said that there "has been marked volatility in technology stocks, especially software companies" as it reported a rise in net asset value. Read More
(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