17th Feb 2025 07:00
abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50
DECLARATION OF FOURTH INTERIM DISTRIBUTION
17 February 2025 - abrdn European Logistics Income plc (LSE: ASLI), the Company invested in a diversified portfolio of European logistics properties, announces the final interim distribution for the year ended 31 December 2024.
The Board has declared a fourth interim distribution of 0.97 euro cents (equivalent to 0.81 pence) per Ordinary share, in respect of the year ended 31 December 2024 (Q3 2024: 1.05 euro cents), payable in sterling on 31 March 2025 to Ordinary shareholders on the register on 28 February 2025 (ex-dividend date of 27 February 2025).
Of this interim distribution declared of 0.81 pence per Ordinary share, 0.53 pence (equivalent to 0.64 euro cents) is declared as dividend income with 0.28 pence (equivalent to 0.33 euro cents) treated as qualifying interest income.
Following the approval of the managed wind-down process now underway, as the portfolio asset disposal programme continues, the income generated by the Company will diminish. As a result, the Company's ability to maintain the level and frequency of distributions will also decrease.
Distributions will be required to ensure that the Company's investment trust status is maintained through the process and may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investments trusts.
Details of the Company and its property portfolio may be found on the Company's website which can be found at: www.eurologisticsincome.co.uk
abrdn Holdings Limited
Secretary
Related Shares:
Abrdn Euro Log