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abrdn European Logistics Income plc Announces First Capital Distribution

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abrdn European Logistics Income plc Announces First Capital Distribution

Confident Investing Starts Here:

abrdn European Logistics Income PLC ( (GB:ASLI) ) has issued an update.

abrdn European Logistics Income plc has announced its first capital distribution under the B Share Scheme following the sale of several properties in the Netherlands and Spain. The sales have allowed the company to reduce its debt and distribute approximately £16.5 million to shareholders through the issuance and redemption of B Shares, reflecting a strategic move in its wind-down process.

More about abrdn European Logistics Income PLC

abrdn European Logistics Income plc is a company focused on investing in a diversified portfolio of European logistics real estate. The company is currently in a managed wind-down phase.

YTD Price Performance: 2.38%

Average Trading Volume: 875,237

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £248.1M

See more data about ASLI stock on TipRanks’ Stock Analysis page.

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