Thursday, December 19, 2024

Digital 9 Infrastructure appoints InfraRed as AIFM By Investing.com

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LONDON – Digital 9 Infrastructure PLC (LSE:DGI9), a London Stock Exchange-listed investment trust, has confirmed the appointment of InfraRed Capital Partners (WA:) Limited as its Alternative Investment Fund Manager (AIFM), effective today. The announcement follows the company’s previous communication on October 11, 2024, and comes after InfraRed obtained all necessary regulatory clearances and third-party consents.

The transition of the AIFM role from Triple Point to InfraRed marks a significant change in management for the investment trust. Digital 9 Infrastructure, also known as D9, has been in a managed wind-down phase, focusing on the orderly realization of its asset portfolio. InfraRed had already been providing interim support services to D9 under an interim support services agreement since the initial announcement in October.

The change in AIFM is part of the ongoing strategic adjustments within the company as it continues to navigate through its managed wind-down process. InfraRed Capital Partners Limited is a well-established investment manager in the infrastructure sector, offering a breadth of experience that is expected to benefit the company during this critical period.

D9 has been a constituent of the , aiming to invest in a range of digital infrastructure assets. These assets are considered critical to the functioning of the modern economy, encompassing various sectors from data centers to fiber networks.

The appointment of InfraRed is a noteworthy development for shareholders and the broader market, signifying a step towards the completion of the company’s strategic objectives. The market will watch closely as InfraRed takes over the management responsibilities and progresses with the wind-down of D9’s portfolio.

The information regarding the appointment of InfraRed as AIFM is based on a press release statement provided by Digital 9 Infrastructure PLC.

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