Digital 9 Infrastructure: Investec slams ‘shocking’ asset sale Investing Investec analysts have slammed the sale of Digital 9 Infrastructure’s assets as part of the investment trust’s wind-down, describing the process as “extremely poor for shareholders”. Digital 9, once a darling of the infrastructure sector, fell into chaos after governance concerns and funding problems emerged throughout 2023. The trust voted to wind down in March [...]
Social housing trust taken over by Home REIT’s sister fund manager Investing The board of Triple Point Social Housing REIT has replaced its investment manager with a fund house brought in to save the scandal-hit sister fund of Home REIT. In July, CityAM revealed that fund house Atrato had been drafted in to drive a turnaround plan at Home Long Income Fund, which was set up [...]
Cost inflation and weak demand hurts Speedy Hire as construction sector struggles continue Construction The group expects to announce its results for the financial year ended 31 March 2024 in mid-June.
Digital 9 Infrastructure pays off debt ahead of wind-down vote March 25, 2024 The trust said it would be exploring a range of options, such as staying with Triple Point for a cheaper fee, finding a new investment manager or becoming self-managed.
Digital 9 Infrastructure overcomes antitrust roadblock in plan to shutter trust March 6, 2024 Digital 9 Infrastructure is currently in the midst of laying out plans to wind down the trust, which would include selling off data centre solutions firm Verne Global.
Digital 9 Infrastructure lays out plans to shutter trust February 28, 2024 The board of embattled investment trust Digital 9 Infrastructure has today laid out plans to wind down the company.