Shareholders approve managed wind-down at abrdn European Logistics Income AGM

95% voted with board

James Baxter-Derrington
clock • 1 min read

Shareholders in the abrdn European Logistics Income (ASLI) investment trust have voted in line with the board’s recommendation to initiate a managed wind-down of the vehicle.

At the trust's 24 June AGM, 94.7% of investors who voted opted for the discontinuation of the trust, allowing the board to begin its plans to close ASLI. abrdn European Logistics Income suspends Q4 dividend amid strategic review process The board expects to issue a circular in the coming weeks for a further general meeting seeking shareholder approval for the required changes to the trust's investment objective and policy. The move comes despite several parties showing interest in ASLI over recent months, but these failed to put forward bids for either the trust or its entire portf...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

European Assets trust agrees to combination terms with ESCT

European Assets trust agrees to combination terms with ESCT

The board of European Assets trust (EAT) has reached agreement on heads of terms for the combination with the European Smaller Companies trust (ESCT).

Sorin Dojan
clock 23 June 2025 • 2 min read
'Pressure on the board' at VEIL as 41% opt to wind up trust

'Pressure on the board' at VEIL as 41% opt to wind up trust

Performance has been tricky

Linus Uhlig
clock 20 June 2025 • 2 min read
DORE agrees to takeover offer from Bagnall Energy for remaining shares

DORE agrees to takeover offer from Bagnall Energy for remaining shares

Takeover 'was inevitable'

Sorin Dojan
clock 20 June 2025 • 3 min read
Trustpilot