The AGM will take place on 24 April and, among the 17 resolutions, abrdn put forward a special resolution regarding share buybacks.
abrdn shutters American Income Equity fund due to largest investor withdrawal
If approved, the company will have the ability to repurchase up to 5% of its issued ordinary shares – worth over £12.8m, which equates to just over 92 million shares, as of 29 February 2024.
The authorisation would last for either 15 months or until the following AGM, whichever is earlier.
In the guide, abrdn stated: “The directors are committed to managing the company’s s…
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