Digital 9 Infrastructure Trust (DGI9), which is in the process of winding down and handing back cash to shareholders, has announced the disposal of its Aqua Comms business for slightly more than expected.
The business, which owns subsea fibre assets in the Atlantic and Irish Seas, was sold for £34 million against a June 2025 valuation of £32.4 million.
Aside from around £10 million of working capital needed to process the final wind down of the company, the sale proceeds will be returned to investors via a pro-rata compulsory capital redemption.
| Price: 5.8p | NAV: 32.7p (June 2025) |
| Market Cap: £50m | Yield: n/a |
Once upon a time, DGI9 was a big favourite of income investors, but rising interest rates and a persistent discount to NAV led the board to propose a managed wind-down in January 2024.
The fact that process is still ongoing almost two years later shows how sluggish the market is for certain assets.
Anyone still holding the shares from the IPO in March 2021 has seen their original investment shrink by more than 90%, which demonstrates why you need to be on top the news flow from your companies.
In our experience, when the investment case changes it is best to cut your position early, even if it involves a small loss, rather than hang on in hope.
Read the press release here: https://www.d9infrastructure.com/investors/
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