REG - abrdn Euro Logistics - Fourth Interim Distribution

abrdn European Logistics IncomeAnnouncement

17/02/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250217:nRSQ2454Xa&default-theme=true

RNS Number : 2454X  abrdn European Logistics Income plc  17 February 2025

abrdn European Logistics Income plc

LEI: 213800I9IYIKKNRT3G50

 

DECLARATION OF FOURTH INTERIM DISTRIBUTION

 

17 February 2025 - abrdn European Logistics Income plc (LSE: ASLI), the
Company invested in a diversified portfolio of European logistics properties,
announces the final interim distribution for the year ended 31 December 2024.

 

The Board has declared a fourth interim distribution of 0.97 euro cents
(equivalent to 0.81 pence) per Ordinary share, in respect of the year ended 31
December 2024 (Q3 2024: 1.05 euro cents), payable in sterling on 31 March 2025
to Ordinary shareholders on the register on 28 February 2025 (ex-dividend date
of 27 February 2025).

 

Of this interim distribution declared of 0.81 pence per Ordinary share, 0.53
pence (equivalent to 0.64 euro cents) is declared as dividend income with 0.28
pence (equivalent to 0.33 euro cents) treated as qualifying interest income.

Following the approval of the managed wind-down process now underway, as the
portfolio asset disposal programme continues, the income generated by the
Company will diminish. As a result, the Company's ability to maintain the
level and frequency of distributions will also decrease.

 

Distributions will be required to ensure that the Company's investment trust
status is maintained through the process and may take the form of either
dividend income or "qualifying interest income" which may be designated as an
interest distribution for UK tax purposes and therefore subject to the
interest streaming regime applicable to investments trusts.

 

 

 

Details of the Company and its property portfolio may be found on the
Company's website which can be found at: www.eurologisticsincome.co.uk

 

 

abrdn Holdings Limited

Secretary

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DIVGZGMZNDGGKZM