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Aberdeen High Income Trust gains shareholder approval


The Aberdeen High Income Trust has gained shareholder approval for a new £20.6m share offer and placement.


Shareholders gave the go-ahead to the plans at an extraordinary general meeting held this week.


The share issue will see ordinary shares priced at 120.4p each and a placement of £7.5m debenture stock.


Aberdeen believes the proposals will lead to a 12 per cent increase in the trusts yield.

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