Aberdeen and Murray split caps repay bank debt

Two split capital trusts have reduced their bank debt this week, in order to allow them to continue trading. The board of the Aberdeen Convertible split capital investment trust has repaid £7.25m of the company's debt. As a result, the trust's debt now stands at £13.75m against £20.2m in adjusted net assets. Murray Japan Growth & Income has now completed the repayment of its residual bank debt and, as a result, the trust now has virtually no exposure to Japan. Most of its assets are invested in other splits.