Aberdeen High Income, one of several troubled split capital investment trusts run by Aberdeen Asset Managers, has stopped paying dividends on its ordinary income and preferred income shares, following a further slump in the trust's assets.

Earlier in the week, Aberdeen High Income revealed it had broken the banking covenants governing its loans from the Bank of Scotland. Last week two other Aberdeen-run trusts - Aberdeen Preferred, one of the key trusts in the troubled split cap sector, and St Davids - also suspended dividend payments.