Abpref's offer, which involves offering a big headline yield to investors, has captured less than 8 per cent of three classes of shareholders - stepped preference, zero dividend preference and capital shareholders. Its offer will now be extended until 20 August.
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ABERDEEN PREFERRED Income, the investment trust engaged in a hostile bid to manage the pounds 600m Scottish National Investment Trust, yesterday extended its offer to shareholders after attracting less than 15 per cent to its bid.