MIN (Aberdeen Intermediate Income Fund) Sets One-for-Six Reverse Split for October 8
View the MIN Dividend Stock Profile
Aberdeen Intermediate Income Fund said on September 24, 2026, that its board approved a one-for-six reverse stock split effective before trading opens on October 8.
Every six MIN shares will become one share. The fund said the change will not alter its investment strategy, net assets, or a shareholder’s proportional ownership, except for fractional-share treatment. Fractional entitlements will be combined and sold, with net proceeds distributed to affected holders.
What changes for shareholders
The split will mechanically multiply the per-share NAV, market price, and distribution amount while reducing the number of shares. MIN’s 8.50% annual distribution rate, based on average monthly NAV, will remain unchanged. The fund will keep the MIN ticker and receive new CUSIP 55273C206.
The board said a higher quoted share price may reduce trading and administrative friction and improve access to some investment platforms. The split itself does not improve earnings, dividend support, or the aggregate value of a holding.
Sources
This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.