Shareholders approve wind-down of Abrdn Diversified Income and Growth
The trust will repay £115m in the first half of the year, but the remaining £188.8m may not fully mature until 2029 at the earliest
The trust will repay £115m in the first half of the year, but the remaining £188.8m may not fully mature until 2029 at the earliest
Adjusted operating profit in the investments arm of the business shrunk by 62% in 2023
Custodian board expects API to maintain its recommendation for all-share merger
Shareholder meeting to discuss Custodian’s offer for the trust delayed to 20 March
Custodian had proposed an all-share merger with API in January
Cut of dividend payment result of ‘strategic review’
Team led by Peter Michaelis
£150m of costs will be cut across the business over two years
Scott Duggal and Janaka Nanayakkara due to depart the firm
The enlarged Custodian Property Reit will manage £1bn assets
In restricting access to certain funds and trusts, are platforms making an assumption that DIY investors are incapable of grown-up value assessments?
The trust will return some capital this year as it winds down, but shareholders may not see a full repayment until 2033 as private assets mature