abrdn European Logistics Income, the Investment company in managed wind-down, has one property left to sell and a Liquidation vote to follow, after its half-year report of 28 September set out how much Capital has already gone back to shareholders.

What happened

There has been no market-moving announcement in the past week. The most recent regulatory filing, dated 19 October, was a document notice relating to the half-yearly report, so the half-year report itself and the 20 August wind-down update remain the most useful guides for holders of the shares, which trade under the ticker LSE:ASLI.

The report shows 26 of the original 27 Assets sold, with gross proceeds above €530 million before Debt repayment. Four of those sales, worth about €113 million, fell in the six months to 30 June 2026. (LSE:ASLI)

The final asset is at Den Hoorn in the Netherlands. A potential purchaser is carrying out due diligence, and the board has acknowledged that the process is taking longer than it hoped. In August the company said a sale could complete in the fourth quarter of 2026 if Due Diligence proved satisfactory and final terms were agreed.

Why it matters for investors

Net asset value was 26.1 euro cents, or 22.5p, per share at 30 June 2026, down from 33.5 euro cents at the end of December. After estimated disposal and liquidation costs, the figure was 25.5 euro cents, or 22.0p. The company also said latent Capital Gains Tax of up to 1.2p may apply.

Those numbers predate two payments. A sixth B share distribution of 6.6p was paid on 17 September, and a 2.00p Interim Dividend followed on 29 September. Deducting both from the 22.0p figure gives roughly 13.4p. That is this newsdesk's simple arithmetic rather than a company estimate, and it takes no account of any tax charge or any change in value since June.

On that rough basis, the latest price available would sit at about a 20% discount. The company's own measure was a discount of 18.6% at 30 June, when the closing price was 18.3p, compared with 9.2% at the end of 2025.

The company said that total distributions, including those two payments, reach 58.68p per share, or about £242 million, since shareholders approved the wind-down on 23 July 2024. That comprises 49.6p through B shares and 9.08p through interim dividends.

How the shares have performed

AJ Bell's market data page showed a last trade of 10.70p, with latest trades dated 26 October 2026, and a quoted spread of 10.72p to 11.00p. The price has to be read alongside the capital returned, because each distribution reduces the value left in the shares. The same page gives a year high of 36.15p, a year low of 9.53p and a Market Value of £44.10 million.

The company's sector is listed property, focused on European logistics. It is included in our coverage as a constituent of the FTSE All-Share index, but no source retrieved for this article confirms its current index status, so readers should check that point independently.

What to watch next

The Den Hoorn sale is the main milestone. After completion, the company intends to publish a circular seeking approval for a members' voluntary solvent liquidation and the appointment of a liquidator. The board expects an initial capital distribution of a significant proportion of remaining funds shortly after that, with the liquidator holding back amounts for liabilities, costs and contingencies.

The board does not currently expect further B share issues before liquidation, as the relevant reserve will be substantially depleted. Debt should also be a smaller concern: the remaining Berlin Hyp Loan stood at €23.9 million at 30 June, and the manager expected to repay it around 30 September, although no retrieved filing confirms that repayment.