Abrdn Diversified Income And Growth Trust plc - ADIG - Share chat

Stock Discussions
1

This investment trust invests in a range of assets. Its goal is to generate a return of LIBOR plus 5.5% over rolling five-year periods.

2

Hi
Tried looking at the information sheet for this but get an error message http 400
Regards
Pete

3

https://api-prod.ii.co.uk/api/1/documents/regulatory/f1aba31bf7f17fcc2e159deb042bc255.pdf

Hi @Freetrade_Team / @mynameisgeraint

I donā€™t seem to get the KID to open at all, link above.

Good spot @Pja3 - itā€™s Here if you want to see it

4

Thanks

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5

Thanks a lot @NeilB

Updated accordingly :+1:

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QuotedData
https://quoteddata.com ā€ŗ 2023/06
abrdn Diversified Income & Growth next out the door?

board has announced that it has commenced a strategic review.

Inevitable end to this trust.
Even the announcement had no effect on the share price.
Traded at a large discount for near on 5 years.
Presently 25% discount.
Assuming the market doesnā€™t fall any further!!
If they go down the wind down road you are looking at 33% gain. I am assuming all assets are liquid. As itā€™s a ā€œdiversifiedā€ trust they may not be.
Another possibility is a merger but often there is either part or full cash alternative.
The merger options is for those who donā€™t want to pay capital gains tax. I donā€™t think there will be many that will need to worry about that!
6% dividend to keep you going while you await the outcome.
Not likely to take it up myself as no spare cash.
PS sector is crap in my opinion.
Aim is to protect your capitalā€¦ generally with out growing it!

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A quick check suggest their portfolio is by no means liquid. Now that is a good reason for the share price not to move!

9

Details of the latest RNS relating to the following can be found via the link above.
The Company has announced further details of its proposals to return approximately Ā£115 million (representing approximately 38 pence per Ordinary Share) to Shareholders by way of an Initial Return of Capital pursuant to a B Share Scheme. The Circular contains notice of a general meeting of the Company to be held on 3 July 2024 at which Shareholders are being asked to provide the Company with the necessary authorities to implement the B Share Scheme.

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