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Aberdeen Technology and Income Trust raises £200m

Aberdeen Asset Management has raised £200m for its Technology and Income Trust of which £90m is from bank borrowings.


It has two share classes with 55 per cent of the equity issued as ordinary shares yielding an estimated 8.6 per cent. The remaining 45 per cent will take the form of income shares yielding 6.5 per cent.


The initial portfolio will have 50 per cent invested in blue chip technology stocks that have market capitalisation&#39s of US $35bn.


While the remaining 50 per cent will invest in a mixed portfolio of preference shares, fixed interest and other high yielding securities.

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