- Funds to be returned to shareholders
- Share price rises amid NAV discount
Digital 9 Infrastructure Trust (DGI9) will wind down by selling all its assets and returning cash to investors, the board taking the decision after a shareholder-driven review.
The wind-down, which still requires the approval of shareholders and regulators, comes after a turbulent few months for the data centre and internet infrastructure investment trust. The trust's shares were down over 70 per cent in the 12 months to close on Friday. The closure announcement saw them climb 15 per cent in early trading.