Investment trust offer extended
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.ABERDEEN PREFERRED Income, the investment trust engaged in a hostile bid to manage the pounds 600m Scottish National Investment Trust, yesterday extended its offer to shareholders after attracting less than 15 per cent to its bid.
Abpref's offer, which involves offering a big headline yield to investors, has captured less than 8 per cent of three classes of shareholders - stepped preference, zero dividend preference and capital shareholders. Its offer will now be extended until 20 August.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments