Compliance with US Executive Order 13959

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  [phone]

Secretaries

Gordon Hay Smith

Aberdeen Standard Investments  [phone]

Manager

William Hemmings

 

END

 

 

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