abrdn U.S. Closed-End Funds Announce Results of Annual Meeting of Shareholders

Rhea-AI Summary

On June 25, 2024, abrdn U.S. Closed-End Funds held their Annual Meeting of Shareholders. Three funds were involved: abrdn Healthcare Investors (HQH), abrdn Healthcare Opportunities Fund (THQ), and abrdn World Healthcare Fund (THW). Shareholders voted to elect trustees for each fund.

For HQH, Rose DiMartino and C. William Maher were elected with over 90% of the votes. THQ's Kathleen Goetz and Todd Reit were elected with more than 97% of the votes. Lastly, Jeffrey A. Bailey and C. William Maher were elected for THW with around 97% support.

The record date for these votes was April 1, 2024, with HQH having 50,624,847 shares, THQ 41,356,058, and THW 38,244,601.

Positive

• High shareholder turnout for HQH with 80.52% vote participation.
• Over 90% voter approval for HQH trustees.
• High shareholder turnout for THQ with 77.11% vote participation.
• Over 97% voter approval for THQ trustees.
• High shareholder turnout for THW with 72.84% vote participation.
• Around 97% voter approval for THW trustees.

Negative

• None.

PHILADELPHIA, PA / ACCESSWIRE / June 26, 2024 / The following abrdn U.S. Closed-End Funds (NYSE:HQH)(NYSE:THQ)(NYSE:THW) announced they each held their Annual Meeting of Shareholders (the "Meetings") on June 25, 2024. At the Meetings, shareholders of the respective Funds voted on the proposals set forth below:

abrdn Healthcare Investors ("HQH")

As of the record date, April 1, 2024, HQH had outstanding 50,624,847 shares of common stock. 80.52% of outstanding common stock were voted representing a quorum.

Shareholders approved the election of two Class B Trustees to the Board:

	Number of Votes Cast For	Percentage of Votes Cast For	Number of Votes Cast Against/Withheld	Percentage of Votes Cast Against / Withheld
Rose DiMartino	36,867,161	90.4%	3,893,734	9.6%
C. William Maher	36,914,511	90.6%	3,846,384	9.4%

abrdn Healthcare Opportunities Fund ("THQ")

As of the record date, April 1, 2024, THQ had outstanding 41,356,058 shares of common stock. 77.11% of outstanding common stock were voted representing a quorum.

Shareholders approved the election of two Class A Trustees to the Board:

	Number of Votes Cast For	Percentage of Votes Cast For	Number of Votes Cast Against/Withheld	Percentage of Votes Cast Against / Withheld
Kathleen Goetz	30,977,518	97.1%	911,146	2.9%
Todd Reit	31,219,180	97.9%	669,484	2.1%

abrdn World Healthcare Fund ("THW")

As of the record date, April 1, 2024, THW had outstanding 38,244,601 shares of common stock. 72.84% of outstanding common stock were voted representing a quorum.

Shareholders approved the election of two Class C Trustees to the Board:

	Number of Votes Cast For	Percentage of Votes Cast For	Number of Votes Cast Against/Withheld	Percentage of Votes Cast Against / Withheld
Jeffrey A. Bailey	27,031,680	97.0%	824,237	3.0%
C. William Maher	26,893,557	96.5%	962,360	3.5%

In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, and abrdn ETFs Advisors LLC.

Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.

abrdn U.S. Closed End Funds

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For More Information Contact:
abrdn U.S. Closed-End Funds
Investor Relations
800-522-5465
Investor.Relations@abrdn.com

SOURCE: abrdn U.S. Closed-End Funds

View the original press release on accesswire.com

FAQ

What were the results of the abrdn U.S. Closed-End Funds annual meeting on June 25, 2024?

Shareholders elected trustees for HQH, THQ, and THW. Rose DiMartino and C. William Maher were elected for HQH, Kathleen Goetz and Todd Reit for THQ, and Jeffrey A. Bailey and C. William Maher for THW.

What percentage of votes did the HQH trustees receive in the June 25, 2024 meeting?

Rose DiMartino received 90.4% and C. William Maher received 90.6% of the votes for HQH.

How many shares were outstanding for THQ as of April 1, 2024?

As of April 1, 2024, THQ had 41,356,058 shares of common stock outstanding.

What was the voter turnout for the THW annual meeting held on June 25, 2024?

The voter turnout for the THW annual meeting was 72.84%.

Who were elected as trustees for THQ in the June 25, 2024 meeting?

Kathleen Goetz and Todd Reit were elected as trustees for THQ with over 97% of the votes.