abrdn European Logistics Income plc: Manager Statement
Fund Manager Troels Anderson provides an update on the performance and outlines key decisions behind the investment decisions of the trust.
On 27 November 2023, the Company announced that the Board was undertaking a strategic review of the options available to the Company to maximise value for shareholders. A further announcement was made on 19 February 2024 at which point the Company had received a number of broad ranging preliminary, indicative non-binding proposals. While there can be no certainty at this stage that the final terms of any proposal will prove to be sufficiently attractive to merit a Board recommendation to the Company's shareholders, the Board is encouraged by the progress made to date and the Company's advisers are actively engaging with a select number of parties to satisfy their due diligence requirements. In light of the initial response to the Strategic Review, the Board and its advisers are keen to ensure that the Company is optimally positioned, and that it maintains the maximum flexibility, to allow it to advance any particular proposal. As a result, the Board has taken the decision to forgo declaring a fourth interim distribution for the quarter ended 31 December 2023, which has historically been declared in February and paid in March each year. The Board will provide further updates as appropriate.
abrdn European Logistics Income PLC is an investment trust investing in high quality European logistics real estate, aiming to achieve its objective of providing its shareholders with a regular and attractive level of income and capital growth. The Company invests in a portfolio of assets diversified by both geography and tenant throughout Europe, targeting well located assets in established distribution hubs and within population centres.
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