Digital 9 Infrastructure team buys £250,000 of shares as discount widens to 44%

Move to reassure investors

The managers of Digital 9 Infrastructure have reacted to the recent share price slide and 44% discount to net asset value of the trust by purchasing shares in a bid to reassure investors.

In a stock exchange notice today (4 April), the board said it was "not aware of any portfolio specific factors that have led to the recent decline in the share price", adding the discount "materially undervalues" the company and its portfolio.  According to data from the Association of Investment Companies, the £950m trust is currently trading at a 44% discount. Its share price has slid 41% in the last year.  In a bid to narrow the discount, the board confirmed that Triple Point, the investment manager, had bought 150,000 shares at an average price of 61.4p last Friday (31 March).  ...