abrdn Diversified Income and Growth to return up to £35m to shareholders

Strategic review outcome

Cristian Angeloni
clock • 3 min read

The board of abrdn Diversified Income and Growth (ADIG) will introduce an enhanced distribution programme to return up to £35m to shareholders to address the trust’s material discount to net asset value.

In a stock exchange filing today (26 October), the investment trust revealed that the outcome of its strategic review, which started in June 2023, ultimately resulted in the decision to return value via distributions to shareholders. 'Spectre of significant restructuring' sees abrdn trust ousted from Numis Securities 'buy' list These will take place in the form of special dividends and a tender offer and are expected to give back between £30m and £35m to shareholders. The special interim dividend has been set at 1.65 pence per ordinary share in respect of the financial year to 30 S...

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