Abrdn European Logistics Income (ASLI) will complete its wind-down after shareholders overwhelmingly voted against proposals from Polish logistics group DL Invest, an 18% shareholder, which wanted to replace Aberdeen as fund manager and resume the listed fund’s investment activities.

Nearly three quarters, or 72.6% of shares, were voted in the general meeting requisitioned by DL Invest on Friday. Of these, 74.6% followed the board’s recommendation and were cast against DL’s resolutions, which only gained the support of 0.9% of votes from other investors.

Largely reflecting the shares it held, DL gained 25.3% votes for its proposals to relaunch the £114m real estate investment trust under its management, with 74.6% of votes endorsing the continuation of the advanced wind-down.

Chair Tony Roper said the result reaffirmed strong shareholder support for the managed wind-down. “As the company enters the concluding stages of this process, we can now focus on successfully completing the final four asset sales, which are at an advanced stage, and returning the remaining capital to shareholders in a timely manner.”

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