DECLARATION OF INTERIM DISTRIBUTION
23 May 2024 – abrdn European Logistics Income plc (LSE: ASLI), the Company which invests in a diversified portfolio of European logistics properties, announces an interim distribution for the year ending 31 December 2024.
The Board has declared an interim distribution of 1.41 euro cents (equivalent to 1.21 pence) per Ordinary share, in respect of the year ending 31 December 2024 (2023: 1.41 euro cents), payable in sterling on 5 July 2024 to Ordinary shareholders on the register on 7 June 2024 (ex-dividend date of 6 June 2024).
Following the announcement of the conclusion of the Strategic Review on 20 May 2024, the Board intends to put forward proposals to shareholders for a managed wind-down of the Company (the “Managed Wind-Down”). Accordingly, the Company expects to publish a circular in June 2024 to convene a general meeting at which it will seek approval from shareholders for the proposed new investment policy by way of ordinary resolution. Should shareholders vote to approve the Managed Wind-Down, as the portfolio asset disposal programme commences, the income generated by the Company will diminish. As a result, the Company’s ability to maintain the current level and frequency of distributions will also decrease.
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