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Aberdeen suspends two more splits

Aberdeen Asset Managers was forced to suspend trading in two more of its split cap investment trusts yesterday.

Its Leveraged Income and the Aberdeen High Income Trust suspended their shares as they entered discussions with the banks and other creditors.

Just last week, Aberdeen suspended its Media & Income trust on the same day chief executive Martin Gilbert testified before the Treasury Select Committee which is conducting a hearing into the troubled splits sector.

In total, seven trusts have now suspended their shares as the crisis continues.

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