abrdn Latin American Income board puts forward wind-up proposals

General meeting on 12 June

The board of the abrdn Latin American Income trust will ask shareholders to vote in favour of the summary winding up of the company at the general meeting on 12 June.

On 15 March, the board of the trust said it was aware that the company's small size "makes it difficult to attract significant demand for its shares and that the discount at which the shares trade to net asset value is likely to persist".  Having considered the views of its largest shareholder and its professional advisors, as well as the share register as a whole, the board said it believes that the proposals "are in the best interest of shareholders". In a stock exchange notice today (18 May), the board said that at the upcoming general meeting on 12 June, shareholders will be able ...