Aberdeen IT considers wind-up

Aberdeen's £32m Smaller Companies Investment Trust is considering proposals for an early wind-up following an approach from a major shareholder. The board said the proposals will probably involve a scheme of reconstruction allowing for a cash exit at a discount to net asset value and a rollover into an ongoing alternative investment. The move follows an approach to the board from a major shareholder and comes ahead of a continuation resolution, which the board is due to present to shareholders before the end of the year. The board said it is in shareholders' interests for the company to...