Edinburgh based firm abrdn is contemplating the future of its abrdn Smaller Companies Income trust, after the trust has traded at a discount for an extended period of time.
In a London Stock Exchange notice published today (13 February), abrdn said the board intends to undertake a "strategic review to consider the future of the company". The firm said this will include whether to merge the trust with another portfolio, "possibly coupled with a cash exit", although the board said "there can be no certainty as to the outcome of the strategic review nor whether any potential transaction would be successfully completed". abrdn undertakes series of fund mergers following 'comprehensive review' The trust is trading on a 18.9% discount, according to the Asso...
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