The third Aberdeen split caps investment trust was placed into administration by its board as the crisis both at the fund manager and in the sector deepened.
The Aberdeen leveraged income trust is now virtually guaranteed to not return any capital to its shareholders as it followed its high income and media & income trusts into liquidation.
Two other trusts suspended their shares this week as well. The LeggMason investors american assets' £13m of liabilities are now higher than its £12m in assets while the £24m Exeter enhanced income also stopped trading.
In total some 14 funds have now suspended trading and a number have been placed into liquidation.