Aberdeen New Thai’s net asset value fell over the course of the year to the end of February 2014, posting a negative total return of 25.6% – marginally better than the -26.6% return on the Stock Exchange of Thailand Index. The discount widened resulting in a return to shareholders of -33.3%.
The average discount over the 12 weeks to the end of February 2014 was 13.6% and so there will be no liquidation Vote (had it been over 15% there would have had been one).