abrdn European Logistics Income plc
Daily Pricing
Managed Wind-Down: NAV update for the quarter ended 30 June 2024
On 24 June 2024, on recommendation of the Board, shareholders voted against the continuation of the Company and on 23 July 2024 approved a new Investment Policy to implement a managed wind-down of the Company. Following these meetings, the Company no longer prepares its net asset value on the going concern basis of accounting. As a result, the NAV per Ordinary share for the quarter ended 30 June 2024 decreased by 4.2% to 87.9c (GBp – 74.4p) (31 March 2024: 91.8c (GBp – 78.5p)). This decrease was largely attributable to the requirement to recognise estimated costs of realising the portfolio. Excluding these costs and associated deferred tax liability impact, the NAV per Ordinary share decrease was 0.6%. For Q2 2024, the portfolio valuation itself increased 0.17% to €607.35 million (31 March 2024: €606.29 million), as asset values started to stabilise.