The £41.4m Abrdn Diversified Income and Growth trust has released proposals for a voluntary liquidation of the company, to be voted on by shareholders at an annual general meeting in March.
The board said this liquidation would be in the best interests of the company and its shareholders and has unanimously recommended a vote in favour of it.
In preparation for this, shares will be officially suspended from the London Stock Exchange on 30 March, 2026.
To maintain its investment trust status, the board has issued an interim dividend of roughly 0.5p per share.
According to another announcement from the firm earlier this morning, roughly £13.8m of the strategy’s private asset and secondary fund investments have been sold, along with a conditional agreement for a further £13.3m sale.
See also: Shareholders approve wind-down of Abrdn Diversified Income and Growth
This is the latest development in the trust’s long wind-down process, which started in February 2024 following shareholder approval.
At the time, the trust held a high allocation to private markets (57.4%). Currently, the firm has just three private market assets “of value” remaining: Bonaccord and Andrean SIF (both of which are expected to be sold week commencing 16 March) and PIMCO PIF, which they expect to exit near the end of the year.
See also: Abrdn Diversified Income and Growth finds potential buyer for rest of assets
