Aberdeen Intermediate Income Fund Announces Reverse Stock Split
The Aberdeen Intermediate Income Fund (NYSE: MIN) has announced a planned reverse stock split of 1-for-6. The move is intended to increase the fund's per-share market price, aiming to reduce trading and administrative frictions typically associated with lower-priced securities. This adjustment may also enhance the fund’s suitability for certain investment platforms and align its share price more closely with industry conventions. The reverse stock split will not impact the Fund's net assets or a shareholder's proportional ownership interest in any material way, aside from minor adjustments due to fractional shares. The transaction is expected to become effective prior to market open on October 8, 2026. Following this date, the fund’s common shares will continue trading under the symbol MIN but with an updated CUSIP number. The Fund's distribution policy remains unchanged at an annual rate of 8.50% based on its average monthly net asset value. While per-share distributions are expected to increase due to fewer outstanding shares, the overall distribution rate and investment strategy will remain unaffected.
Tickers: $MIN
Topics: fund_management stock_splits