Aberdeen Preferred Income
Advantages reputation
Disadvantages low price at the moment
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The Author
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03/09/2002
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08/06/2002
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I have recently come across this Investment Trust after reading about it in the Share Centre Magazine. When I first saw the trust it was around 140p but it has come down nearly 20p recently. It has undergone a wholesale change issueing a lot more shares and it is changing the interest payment. After next April (2001) the interest will be paid out every month. I have been in touch with the people at Aberdeen they always seem as though they want to speak to you, offer good products and able to send you information. I am therefore, waiting to see how this company does and wheether it is a good place to put my savings.
Update What a disaster the Company has fallen in less than a year from £1.40 to 2pence a share at the moment I believe the dividend is suspended and like the rest of Aberdeen's split investment trusts is teetering on the brink.
Don't buy now!!
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martaric 18/01/2001 22:48
michaelgoodbody 11/12/2000 13:43
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well enough written op...But not nearly enough info I'm afraid...Ken