The Aberdeen High Income Trust has announced the issue of 20,600,000 new ordinary shares and the placing of 750,000 shares of debenture stock.
The proposals are still subject to the approval at an EGM scheduled for the 22 March 1998.
The company says it intends to increase the dividends payable on the ordinary shares. The net dividend could increase 2p to 2.25p an increase of 12.5 per cent.
It should also increase the net asset value attributable to the enlarged issued ordinary share capital.