abrdn Diversified Income and Growth Strategic Review

[StanBowles]

Any thoughts anyone on the prospects for a shrt-term gain once the outcome of this strategic review is announced, given one of the options is a merger with a bigger trust? The discount is currently 25%. A similar situation with abrdn New Dawn resulted in a 10% share price bounce and the possibility of a cash exit at a 2% discount to NAV which would be worth another 10% for New Dawn shareholders able to take it up. New Dawn plans to merge with New Asia Dragon. The latest RNS announcement ADIG's is part-reproduced below.


abrdn Diversified Income and Growth plc
Update on Strategic Review

The Board of abrdn Diversified Income and Growth plc ("ADIG" or the "Company") is pleased to provide shareholders with an update in respect of the strategic review process announced on 20 June 2023.

Following the announcement of the strategic review, the Company has received a number of credible, attractive and varied proposals for actions that we believe should enhance shareholder value. The Board, and its advisers, are actively exploring how these various proposals could best deliver value for ADIG shareholders and are engaged in productive discussions with a selected shortlist of parties. The Company will provide an update in due course, noting that at this stage there can be no certainty as to the outcome of the review.

The ADIG Board has also taken the decision, in the light of the ongoing review process, to suspend the Company's investment-led share buyback policy. Subject to the outcome of the strategic review, the Board will consider resuming share buybacks in due course.

Davina Walter, Chairman of ADIG commented:

"We have been impressed with the proposals we have received which present the Board with various options for enhancing shareholder value. We are undertaking a detailed review of these options and are looking forward to updating shareholders in due course on our progress."[/i][/i][/i]