Third Interim Dividend

RNS Number : 4283A

Aberdeen Smaller Co's Inc Tst PLC

29 September 2020

 

29 September 2020

Aberdeen Smaller Companies Income Trust PLC

Legal Entity Identifier (LEI): 213800J6D2TVHRGKBG24

Information disclosed in accordance with DTR 6.1.13

The Board of Aberdeen Smaller Companies Income Trust PLC declare a third interim dividend of 2.06p per share in respect of the year to 31 December 2020 (third interim 2019: 1.95p) payable on 30 October 2020 to shareholders on the register at close of business on 9 October 2020.  The ex-date is 8 October 2020.

As we said when we declared the first and second interim dividends, the Board has always regarded a key purpose of our Trust as the generation of income for our shareholders. The economic uncertainty has continued and we do not expect much clarity about the outlook for 2021 until the fourth quarter. But we continue to believe that helping shareholders cover an income decline elsewhere in the market will be more valuable to them than conservatively mirroring market improvement over time. We have added significantly to our revenue reserves over recent years and we prefer to reduce these reserves, at least this year, to alleviate the decline of dividend income elsewhere. We shall of course continue to monitor this situation each quarter and may have to take a different decision, once greater clarity emerges of the outlook for 2021 and 2022.

For Aberdeen Smaller Companies Income Trust PLC

Aberdeen Asset Managers Limited, SECRETARY 

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