Prolific shareholders set for capital uplift

Holders of income shares in Prolific Income, managed by Aberdeen Asset Management, will receive a 27% capital uplift if they decide to roll over their investments into Second St David's split capital trust, which is also run by Aberdeen. The directors of Prolific are proposing that the trust should be wound up, with shareholders and warrant holders being given the opportunity to roll over. As well as benefiting from capital uplift, income shareholders will receive the equivalent of nearly five times the income from Prolific. As at close of business on 15 June, Prolific's income shares were...