Standard Life Investments Property Income (GB:API) has released an update.
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abrdn Property Income Trust Limited is set to distribute 55 pence per share to its shareholders following the sale of its subsidiary, abrdn Property Holdings Limited, for £351 million. This distribution comprises an initial capital return of 52 pence per share and an interim income distribution of 3 pence per share. The move forms part of the company’s ongoing wind-down strategy, which includes a proposal for voluntary winding up, subject to shareholder approval.
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