Aberdeen Asset Management has appointed Rod Davidson, the group's head of global fixed income, as ma...
Aberdeen Asset Management has appointed Rod Davidson, the group's head of global fixed income, as manager of the split-cap Jove investment trust, replacing Ross Watson. Watson will continue to manage the trust's UK equity portfolio, according to investment trust analysts at HSBC. The board of the trust, one of a number managed by Aberdeen that were forced to suspend dividends earlier this year, said it will begin paying dividends again on a quarterly basis, with the first payment for the year to 28 February 2003 declared in June 2002. The board acknowledged that distributions in the forthcoming year are likely to be 'significantly less' than in previous years. It intends to distribute all earnings and revenue reserves in the period up to the trust's planned wind-up date of 1 November 2004.
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