Announcement regarding Jersey Manager

RNS Number : 1949R
abrdn Asian Income Fund Limited
28 February 2023
 

ABRDN ASIAN INCOME FUND LIMITED (the "Company")

LEI Identifier: 549300U76MLZF5F8MN87

Announcement regarding Jersey manager

28 February 2023

The Board of abrdn Asian Income Fund Limited (the "Company") notes the announcement made today by abrdn plc ("abrdn") of the proposed sale of abrdn's discretionary fund management business in Jersey, which currently provides the Jersey regulatory manager function to the Company. 

The Board wishes to confirm that, notwithstanding this proposed sale, the investment management of the Company's portfolio will continue to be carried out by abrdn via its Singapore based Asian Equity team.

The Board will of course fulfil its own duty to review carefully the proposed new Jersey regulatory arrangements that abrdn proposes to put in place, to ensure that such arrangements remain in the best interests of the Company's shareholders. 

Abrdn Capital International Limited

 

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