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Aberdeen Total Dynamic Dividend Fund (AOD) is a diversified, closed-end management investment company with a primary investment objective of seeking high current dividend income. As a secondary objective, the company aims for long-term capital growth. AOD predominantly invests in foreign securities, including direct investments in securities of foreign issuers and depositary receipts representing indirect interests in such securities. The fund's portfolio is diversified across various sectors, such as Information Technology, Financials, Healthcare, and Industrials.
Recently, AOD has been involved in significant corporate activities. On October 23, 2023, the Board of Trustees announced the proposed reorganization of several closed-end investment companies advised by First Trust Advisors L.P. into respective Acquiring Funds. These mergers are expected to increase the assets under management and improve the scale, liquidity, and marketability of the funds, potentially leading to a tighter discount or a premium to NAV over time. The reorganizations, which are subject to shareholder approvals, are anticipated to be completed in the first quarter of 2024.
AOD’s management emphasizes that there will be no changes to the current objectives or policies of the Acquiring Funds as a result of these reorganizations. Furthermore, these mergers are designed to be tax-free for U.S. federal income tax purposes. Shareholders of ASGI and AOD are not required to vote on the issuance of new shares related to the reorganizations, though ACP shareholders will vote on this matter at a special shareholder meeting scheduled for January 19, 2024.
Additional details regarding these transactions will be provided in the prospectus/proxy statements, which will be distributed to shareholders after the necessary filings with the U.S. Securities and Exchange Commission (SEC). Investors are encouraged to review these documents carefully as they contain important information about the proposed reorganizations.
As a closed-end fund, AOD is traded on the secondary market through stock exchanges, and its investment return and principal value fluctuate. Therefore, an investor's shares may be worth more or less than their original cost, and shares may trade at a premium or discount to NAV. No assurance can be given that the fund will achieve its investment objectives, and past performance is not indicative of future results.
For more information, investors can contact abrdn U.S. Closed-End Funds Investor Relations at 1-800-522-5465 or via email at Investor.Relations@abrdn.com.
abrdn Global Dynamic Dividend Fund (NYSE:AGD) and abrdn Total Dynamic Dividend Fund (NYSE:AOD) have announced a 70% increase in distribution rate and adoption of a 12% Managed Distribution Policy. The new policy, effective August 30, 2024, will pay monthly 12% of the average daily NAV for the previous month. AGD shareholders will see an approximate 70% increase, with the distribution rising from $0.065 to $0.11 per share. AOD shareholders will experience an approximate 74% increase, with the distribution increasing from $0.0575 to $0.10 per share. This policy aims to provide steady cash distributions and potentially reduce the Funds' discount to NAV. The changes are based on July 31, 2024 NAVs, with AGD's annualized NAV distribution rate increasing from 6.8% to 12%, and AOD's from 7.0% to 12%.
The Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) announced a distribution of $0.0575 per share, payable on April 30, 2021. Shareholders of record as of April 23, 2021 will be eligible, with an ex-dividend date on April 22, 2021. A Form 1099-DIV will be sent in January 2022 for tax reporting of distributions. Investors should note that past performance does not guarantee future results, and share values may fluctuate.
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) announced a distribution of $0.0575 per share, payable on March 31, 2021, to shareholders of record as of March 24, 2021. The ex-dividend date is March 23, 2021. Shareholders will receive a Form 1099-DIV in January 2022 detailing distribution amounts and tax information for 2021. Investors should note that past performance does not guarantee future results and returns may fluctuate, affecting share value.
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) announced a monthly distribution of US $0.0575 per share, payable on February 26, 2021. Shareholders of record by February 19, 2021 will receive this dividend, with the ex-dividend date set for February 18, 2021. A Form 1099-DIV will be sent to shareholders in January 2022 detailing the distribution amount and tax implications for 2021. Investors should note that past performance does not guarantee future results.
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) announced a monthly distribution of $0.0575 per share, payable on January 29, 2021, to shareholders of record as of January 22, 2021. The ex-dividend date is set for January 21, 2021. A Form 1099-DIV will be sent to shareholders in January 2022, detailing the distribution amount and tax implications for 2021. Investors should note that the distribution amount does not reflect the fund's investment performance, and the value of shares may fluctuate. There is no assurance the fund will achieve its investment goals.
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) will distribute US $0.0575 per share on January 8, 2021, to shareholders of record by December 31, 2020, with an ex-dividend date of December 30, 2020. A Form 1099-DIV will later provide detailed tax information on these distributions. Investors should note that the distribution amount should not be seen as a reflection of the fund’s investment performance. Closed-end funds trade on secondary markets, with shares potentially valued above or below net asset value.
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) has announced a monthly distribution of $0.0575 per share, payable on November 30, 2020. Shareholders of record as of November 20, 2020 will receive this dividend, with an ex-dividend date set for November 19, 2020. A Form 1099-DIV will be sent in January 2021, detailing distribution amounts and tax treatment. Investors are cautioned that this distribution amount does not reflect the fund's investment performance, which can fluctuate.
The Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) announced a distribution of $0.0575 per share, payable on October 30, 2020, to shareholders of record by October 19, 2020 (ex-dividend date October 16, 2020). A Form 1099-DIV will be issued in January 2021, detailing the distribution amount, composition, and tax treatment for the 2020 calendar year. Investors should note that the distribution amount does not reflect the Fund's investment performance, and value may fluctuate based on market conditions.
The Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) has announced a monthly distribution of $0.0575 per share, set to be paid on September 30, 2020. Shareholders of record as of September 21, 2020 will receive this payment, with an ex-dividend date of September 18, 2020. A Form 1099-DIV will be sent to shareholders in January 2021 detailing the distribution’s tax composition for the 2020 calendar year. Investors should note that past performance does not guarantee future results, and share values can fluctuate.
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When is the proposed reorganization expected to be completed?
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