Today news
About the same in other media
abrdn Diversified Growth and Income to return £115m to shareholders amid wind-down
Reading now: 236
In this update, shareholders will receive the sum – representing around 38p per share – via a «bonus issue» on a pro rata basis of B shares followed by the redemption of those shares. abrdn Diversified Income & Growth eyes managed wind-down ADIG chair Davina Walter explained the scheme would be the «fairest and most efficient way of returning substantial amounts of cash to shareholders». This is because it would reduce costs for the trust, unlike for tender offers, and if approved, the scheme would not require any additional action from shareholders. Investors will be consulted at ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
For advisors, automation and multi-custodian relationships are keys to growth investmentnews.com /4 months ago
Ujjivan SFB adjusts loan growth guidance amid microfinance stress economictimes.indiatimes.com /4 months ago
The controversial Wikileaks of Julian Assange and its diplomatic consequences economictimes.indiatimes.com /4 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
