Aberforth Split Level Income Trust

Last updated

Aberforth Split Level Income Trust plc
Company type Public
LSE:  ASIT
Industry Investment trust Split capital investment trust
Founded2017;9 years ago (2017)
Website Official Webpage

Aberforth Split Level Income Trust plc, formerly Aberforth Geared Income Trust, is a British investment trust managed by Aberforth Partners, focused on income and capital growth for shareholders. [1] [2]

Contents

The fund operates as a split capital investment trust featuring two classes of shares available on the London Stock Exchange, Ordinary Shares and Zero Dividend Preference (ZDP) shares. [3]

Aberforth Partners LLP manages the fund with Angus Gordon Lennox serving as the chairman since its inception in July 2017. [4] Notably, Lennox also holds the position of chairman for the Mercantile Investment Trust, managed by JPMorgan Chase. [5] [6]

In June 2024, shareholders approved a special resolution to place Aberforth Split Level Income Trust plc into members’ voluntary liquidation, with the assets transferred to Aberforth Geared Value & Income Trust plc under a scheme of arrangement. [7]

See also

References

  1. ↑ "Aberforth Geared Income Trust announces proposals for reconstruction and voluntary wind up". Quoted Data. Quoted Data by Marten & Co. 21 May 2017. Retrieved 12 February 2024.
  2. ↑ "Short-term opportunity in a small-cap trust". Investors Chronicle. Retrieved 12 February 2024.
  3. ↑ "Factsheet". Trustnet. Retrieved 12 February 2024.
  4. ↑ "Company data - Aberforth Split Level Income". The Association of Investment Companies. AIC. Retrieved 12 February 2024.
  5. ↑ "ASIT Company page". Institutional Voting Information Service. IVIS. Retrieved 12 February 2024.
  6. ↑ "Director dealings". ShareCast. Retrieved 12 February 2024.
  7. ↑ "Aberforth Split Level Income Trust provides update on wind-up". AIC. The Association of Investment Companies. Retrieved 29 January 2026.
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