News: Aberdeen Intermediate Income Fund (MIN) announces upcoming Reverse Stock Split

By Alfred Anate Mayaki

Philadelphia (PRNewswire) -- The Board of Trustees of Aberdeen Intermediate Income Fund (NYSE: MIN) has approved a 1-for-6 reverse stock split of the Fund's issued and outstanding common shares.

Under the terms of the transaction, every six common shares will be consolidated into one common share. The transaction will apply equally to all shareholders and will not affect any shareholder's proportionate ownership interest, other than minor adjustments resulting from the treatment of fractional shares.

More on this press release here.