abrdn Asian IncFd - Announcement regarding Jersey Manager
28/02/2023 08:30
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RNS Number : 1949R abrdn Asian Income Fund Limited 28 February 2023
ABRDN ASIAN INCOME FUND LIMITED (the "Company")
LEI Identifier: 549300U76MLZF5F8MN87
Announcement regarding Jersey manager
28 February 2023
The Board of abrdn Asian Income Fund Limited (the "Company") notes the
announcement made today by abrdn plc ("abrdn") of the proposed sale of abrdn's
discretionary fund management business in Jersey, which currently provides the
Jersey regulatory manager function to the Company.
The Board wishes to confirm that, notwithstanding this proposed sale, the
investment management of the Company's portfolio will continue to be carried
out by abrdn via its Singapore based Asian Equity team.
The Board will of course fulfil its own duty to review carefully the proposed
new Jersey regulatory arrangements that abrdn proposes to put in place, to
ensure that such arrangements remain in the best interests of the Company's
shareholders.
Abrdn Capital International Limited
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