Options to resolve Digital 9 Infrastructure's 'material uncertainty' narrow as 'funding crisis' persists

Discount to NAV of 45%

From trading at a premium less than a year ago, Digital 9 Infrastructure (DGI9) has rapidly reversed to a discount, with share prices falling over 40% as investors digested a series of problems, including a funding crisis that has yet to be resolved.

The FTSE 250 trust, managed by Triple Point Investment Management, invests in critical digital infrastructure assets that facilitate global data transfer and help improve global internet connectivity. Since its initial public offering in 2021, Digital 9 Infrastructure has raised and deployed over £1.1bn in capital into assets such as subsea fibre systems, data centres and wireless infrastructure.  Despite the monopolistic nature of its assets, shares in the trust have tumbled over the past year, leaving it trading at less than half its total $958m assets. Its 45.3% discount is the sha...