| Change Details | |
|---|---|
| Title | abrdn European Logistics Income plc |
| Type | Other events |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 01 August 2024 |
| Change Details | Objective change and Managed Wind-Down |
| 1. Asset details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Asset Group | abrdn Fund Managers Limited |
| Asset Name | abrdn European Logistics Income plc |
| Type of change | Objective change and Closure |
| Date asset closed to new business | 25 June 2024 |
| Date objective change effective from | 1 August 2024 |
| Is the event subject to shareholder approval? | Yes - Approved 24/07/2024 |
| Direct Debits, Phased Investments Rebalancing - DDs, Phased Investments and Rebalancing will be reapportioned across the other assets in the instruction, or Cash if the asset is the only asset in the instruction. | |
| 2. Investment objectives | |
| Previous objective | New Objective |
| To aim to provide a regular and attractive level of income return together with the potential for long term income and capital growth from investing in high quality European logistics real estate. | The Company’s investment objective is to realise all existing assets in the Company’s portfolio in an orderly manner. The Company will pursue its investment objective by effecting an orderly realisation of its assets while seeking to balance maximising returns for Shareholders against the timeframe for disposal. The Company will cease to make any new commercial real estate acquisitions. Capital expenditure will be permitted where it is deemed necessary or desirable by the Board in connection with the realisation, primarily where such expenditure is necessary to protect or enhance an asset’s realisable value. |