Aberdeen Global Dynamic Dividend Fund Announces Monthly Distribution

Rhea-AI Summary

Aberdeen Global Dynamic Dividend Fund (NYSE: AGD) announced a monthly cash distribution of $0.065 per share, payable on July 31, 2020. Shareholders of record as of July 20, 2020, will be eligible, with the ex-dividend date set for July 17, 2020. A Form 1099-DIV will be issued in January 2021 detailing distribution amounts and their tax implications for the calendar year. Investors are cautioned that this distribution should not be seen as a reflection of the Fund's overall performance or future investment results.

Positive

• Monthly distribution of $0.065 per share indicates ongoing shareholder returns.

Negative

• No guarantees on achieving investment objectives could suggest inherent risks.

PHILADELPHIA, July 10, 2020 /PRNewswire/ -- Aberdeen Global Dynamic Dividend Fund (NYSE: AGD) (the "Fund"), a closed-end fund, announced today that it will pay a distribution of US $0.065 per share on July 31, 2020 to all shareholders of record as of July 20, 2020 (ex-dividend date July 17, 2020).

In January 2021, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2020 calendar year.                                                                                                               

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution. 

In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers:  Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Ltd., Aberdeen Standard Investments (Asia) Ltd., Aberdeen Capital Management, LLC, Aberdeen Standard Investments ETFs Advisors LLC and Standard Life Investments (Corporate Funds) Ltd.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The 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 the Fund will achieve its investment objective. Past performance does not guarantee future results.

If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com

aberdeenagd.com

 

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SOURCE Aberdeen Global Dynamic Dividend Fund

FAQ

What is the distribution amount for AGD in July 2020?

The distribution amount for AGD is $0.065 per share, payable on July 31, 2020.

When is the ex-dividend date for AGD's July distribution?

The ex-dividend date for AGD's July distribution is July 17, 2020.

Who will receive the AGD distribution?

Shareholders of record as of July 20, 2020, will receive the distribution.

When will AGD shareholders receive tax information about the distribution?

Shareholders will receive a Form 1099-DIV in January 2021 detailing the distribution for tax purposes.

Is the AGD distribution a sign of strong performance?

The Fund cautions that the distribution should not be interpreted as a reflection of overall performance.