The Aberdeen Preferred Income split-capital trust has been placed in administration and shares in Ex...
The Aberdeen Preferred Income split-capital trust has been placed in administration and shares in Exeter's Dartmoor investment trust have been suspended while the company clarifies its financial position. The £37.8m Dartmoor trust, which invested primarily in split-cap shares, has returned -99.8% over the 12 months to 16 September. The board of the £60.3m Aberdeen Preferred Income split-capital trust last week appointed Ernst & Young LLP as administrators after suspending dividends in March when its NAV fell below levels required by the trust's lenders. The portfolio was invested in c...
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