REG - Aberdeen New Dawn IT - Compliance with US Executive Order 13959

Abrdn New Dawn Investment TrustAnnouncement

08/01/2021 12:55

RNS Number : 1060L
  
Aberdeen New Dawn Invest Trust PLC
  
08 January 2021
  
 

Aberdeen New Dawn Investment Trust PLC (the "Company")
 
Legal Entity Identifier:  5493002K00AHWEME3J36
 
 
Compliance with US Executive Order 13959
 
In reference to the US's Executive Order 13959, which prohibits US Persons from purchasing "publicly traded securities" of 35 Chinese companies identified as Communist Chinese Military Companies, the Company can confirm that, as of 8 January 2021, it has no direct investments in any of these 35 companies.  It does, however, have indirect exposure via a fund that it owns.  In total this indirect exposure amounts to approximately 0.5% of the Company's Net Asset Value.  The Company has already been reducing the holding in this fund, instead investing directly into equities in China.  This process will continue and the Company does not expect to have any exposure (direct or indirect) to these 35 companies by 11 November 2021.
 
For further information:
 
 
Aberdeen Asset Management PLC                                    +44 (0) 131 372 2200
Secretaries
Gordon Hay Smith
 
 
 
Aberdeen Standard Investments                                        +44 (0) 20 7463 6000
Manager
William Hemmings
 

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