In its half year results today (15 May), the board of abrdn Equity Income said the trust’s discount was “on a narrowing trend throughout the reporting period”, having fallen from an average of 4.1% for October last year to only 1.4% in March.
abrdn swings back to profitability as it undergoes name change
“The discount ended the period at 0.5%,” the report stated. “Since the end of the reporting period, the shares have predominantly been trading at a slight premium to NAV.”
In addition, the vehicle’s share price total return stood at 4.9%, while its net asset value total return…
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