Aberdeen wind-up move

Wind-up proposals deliberately structured to avoid giving warrant holders a vote are being put forward by the board of the Aberdeen Emerging Countries trust. The move follows an EGM on 26 April when warrant holders voted down a proposed wind-up of the trust that would have put assets into either the Aberdeen Cash or Emerging Markets unit trusts. The board was offering 8p for each warrant at a time when the market price stood at 15.75p. By putting the same proposals forward again but without offering a rollover vehicle, the vote, which must take place before 20 May, does not require warr...