The board of abrdn Diversified Income & Growth (ADIG) has put forward proposals to close the trust due to the “entrenched discount to net asset value” at which it is currently trading.
In a stock exchange notice today (14 December), ADIG's board said it believed a managed wind-down would be in the "best interests of shareholders as a whole". abrdn Diversified Income and Growth to return up to £35m to shareholders Investors will be able to vote on the proposals at the trust's annual general meeting on 27 February 2024. According to data from the Association of Investment Companies, ADIG is currently trading at a 31.4% discount. Under the board's proposals, shareholders would have roughly £115m returned in the first half of 2024 at, or close to, NAV, it said. ...
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