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ABRDN DIVERSIFIED INCOME AND GROWTH PLC
Legal Entity Identifier (LEI): 2138003QINEGCHYGW702
Information disclosed in accordance with LR 9.7A.2 of the Listing Rules of the Financial Conduct Authority
29 February 2024
Interim Dividend for the year ending 30 September 2024
The Board of abrdn Diversified Income and Growth plc (the "Company") announces that it is declaring an interim dividend of 1.42 pence per share on the Ordinary shares of the Company.
The interim dividend will be paid on 27 March 2024 to shareholders on the register on 8 March 2024. The ex-dividend date is 7 March 2024.
The last date for receipt of mandate instructions for those shareholders who wish to join the Dividend Reinvestment Plan is 15 March 2024.
Following the approval by shareholders, on 27 February 2024, of the new investment objective and policy in respect of the managed wind-down of the Company and subject to required Court approvals being granted, in the absence of unforeseen circumstances, it is the current intention of the Board that following this interim dividend payment the Company will pay an Initial Return of Capital around the end of June 2024. A further interim dividend is also expected to be paid around mid-October 2024. Thereafter, it is likely that dividends will be paid in smaller, less regular amounts principally for the purpose of maintaining the Company's investment trust status while capital will be returned progressively to shareholders in larger, less regular amounts by the most tax-efficient mechanism available.
The Board intends to continue to pay a sufficient level of dividend to ensure that the Company will not retain more than 15 per cent. of its income in an accounting period so as to maintain the Company's investment trust status during the managed wind-down. The Directors will declare certain dividends based on the Company's net income but the quantum and timing of any dividends in future will be at the sole discretion of the Board.
There can be no guarantee as to the payment, quantum or timing of dividends during the managed wind-down process.
Enquiries:
Stuart Reid
abrdn Holdings Limited
Secretaries
Email: [email protected]
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