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RCS - Herald Inv Trust PLC - Annual Overview from QuotedData

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RNS Number : 4018I  Herald Investment Trust PLC  20 November 2025

Herald Investment Trust - Annual Overview from QuotedData

17 November 2025

Focused on the future

In January, we explained why Saba Capital's proposals were not in the best
interest of Herald Investment Trust (HRI) shareholders and urged a vote
against them. Most investors agreed, resulting in a clear rejection of Saba's
proposals.

Although Saba remains a shareholder and brings some uncertainty, HRI continues
to benefit from its closed-ended structure, allowing long-term investment in
early-stage technology companies. The portfolio has gained from its exposure
to Artificial Intelligence (AI), and the managers see further potential as
this trend expands to more innovative smaller firms.

HRI is also increasing its international investments, with North America now
its largest regional holding. This shift reflects tougher conditions in the UK
and more attractive opportunities abroad.

Full Research:

https://quoteddata.com/research/herald-investment-trust-focused-on-the-future-qd/
(https://quoteddata.com/research/herald-investment-trust-focused-on-the-future-qd/)

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NB: Marten & Co was paid to produce this note Herald Investment Trust Plc,
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