Aberdeen Asian Income Fund Ltd - investment firm - Says at extraordinary general meeting of the company held on Wednesday, the proposed special resolutions were approved by shareholders. As a result, from the start of 2022, the company intends to become tax resident in the UK and join the UK's investment trust regime in order to benefit from the double tax treaty arrangements that the UK currently has in place with some of the jurisdictions in which the company invests.
In addition, also with effect from January 1, 2022, the company's name will be changed to abrdn Asian Income Fund Ltd.
Current stock price: 229.00 pence
Year-to-date change: up 0.2%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Abrdn Asn Inc (AAIF)