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IN BRIEF: abrdn Latin American proposes winding up of company

15th Mar 2023 12:46

abrdn Latin American Income Fund Ltd - investment company focused on Latin America - Says it will put forward proposals for the company to be placed into summary winding up, with the cash proceeds of the liquidation set to be returned to shareholders. Says it believes its strategy is attractive in the longer term, but its small size means the company struggles to attract enough demand for its shares, and that the discount at which its shares trade to net asset value is likely to continue. Notes that it will be placed into summary winding up by the end of May, subject to shareholder approval. Recommends shareholders vote in favour of the winding up proposal.

Current stock price: 55.26 pence each, up 0.9% on Wednesday afternoon in London

12-month change: up 7.8%

By Harvey Dorset, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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