Proposed discount control management policy
In view of the proposed changes to Aberdeen Diversified Income & Growth (formerly BlackRock Income Strategies) as announced on 30 November 2016, and following further consultation with many shareholders, the Board has given detailed consideration to the appropriate discount control mechanism for the company following the implementation of the proposals. The Board has decided, subject to normal market conditions, prevailing gearing level and the composition of the portfolio, to implement a discount control mechanism to maintain the share price discount to net asset value (ex income, debt at fair value) at no wider than 5 per cent., by repurchasing ordinary shares in the market.
The Board has also resolved to put forward a continuation vote to shareholders at the Annual General Meeting in 2020 and at every Annual General Meeting thereafter