The abrdn Smaller Companies Income trust (ASCI) is set to merge with fellow abrdn portfolio following a strategic review.
The small-cap trust began its review back in February with over a dozen candidates sent proposals to the trust, the board said. It stated a merger with another investment trust was the most popular suggestion, and an outcome "the board expected to consider as part of the strategic review", it said. The trust is now set to combine with Shires Income trust, which is run by abrdn managers Iain Pyle and Charles Luke. Future of abrdn Smaller Companies Income trust to be decided in 'strategic review' The merger is subject to shareholder approval, who will have the choice to receive ei...
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