abrdn Global Dynamic Dividend Fund (AGD) and abrdn Total Dynamic Dividend Fund (AOD) Announce 70% Increase in Distribution Rate and Adoption of a 12% Managed Distribution Policy
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%.
Il Fondo Globale Dinamico dei Dividendi abrdn (NYSE:AGD) e il Fondo Totale Dinamico dei Dividendi abrdn (NYSE:AOD) hanno annunciato un aumento del 70% nel tasso di distribuzione e l'adozione di una Politica di Distribuzione Gestita del 12%. La nuova politica, che entrerà in vigore il 30 agosto 2024, garantirà mensilmente il 12% del NAV medio giornaliero del mese precedente. Gli azionisti di AGD vedranno un incremento di circa il 70%, con la distribuzione che passerà da $0.065 a $0.11 per azione. Gli azionisti di AOD sperimenteranno un incremento di circa il 74%, con la distribuzione che passerà da $0.0575 a $0.10 per azione. Questa politica ha l'obiettivo di fornire distribuzioni di cassa stabili e potrebbe ridurre il discount dei fondi rispetto al NAV. Le modifiche si basano sui NAV del 31 luglio 2024, con il tasso di distribuzione annualizzato di AGD che passerà dal 6.8% al 12% e quello di AOD dal 7.0% al 12%.
El Fondo Global Dinámico de Dividendos abrdn (NYSE:AGD) y el Fondo Total Dinámico de Dividendos abrdn (NYSE:AOD) han anunciado un aumento del 70% en la tasa de distribución y la adopción de una Política de Distribución Gestionada del 12%. La nueva política, que entrará en vigor el 30 de agosto de 2024, pagará mensualmente el 12% del NAV diario promedio del mes anterior. Los accionistas de AGD verán un aumento aproximado del 70%, con la distribución que pasará de $0.065 a $0.11 por acción. Los accionistas de AOD experimentarán un aumento aproximado del 74%, con la distribución que aumentará de $0.0575 a $0.10 por acción. Esta política tiene como objetivo proporcionar distribuciones de efectivo constantes y potencialmente reducir el descuento de los fondos en relación al NAV. Los cambios se basan en los NAV del 31 de julio de 2024, con la tasa de distribución anualizada de AGD aumentando del 6.8% al 12% y la de AOD del 7.0% al 12%.
abrdn 글로벌 다이나믹 배당 펀드 (NYSE:AGD)와 abrdn 총체적 다이나믹 배당 펀드 (NYSE:AOD)가 배당률을 70% 인상하고 12% 관리 배당 정책을 채택했다고 발표했습니다. 새로운 정책은 2024년 8월 30일부터 시행되며, 이전 달의 하루 평균 NAV의 12%를 매달 지급합니다. AGD 주주들은 대략 70%의 증가를 보게 될 것이며, 배당금은 주당 $0.065에서 $0.11로 증가합니다. AOD 주주들은 대략 74%의 증가를 경험하게 될 것이며, 배당금은 주당 $0.0575에서 $0.10로 증가합니다. 이 정책은 안정적인 현금 배당금을 제공하고 펀드의 NAV에 대한 할인을 줄이는 것을 목표로 합니다. 변경 사항은 2024년 7월 31일 NAV를 기준으로 하며, AGD의 연간 NAV 배당률은 6.8%에서 12%로, AOD는 7.0%에서 12%로 증가합니다.
Le Fonds de Dividendes Dynamiques Mondial abrdn (NYSE:AGD) et le Fonds de Dividendes Dynamiques Totaux abrdn (NYSE:AOD) ont annoncé une augmentation de 70 % du taux de distribution et l'adoption d'une Politique de Distribution Gérable de 12 %. La nouvelle politique, qui prendra effet le 30 août 2024, versera mensuellement 12 % de la NAV quotidienne moyenne du mois précédent. Les actionnaires d'AGD verront une augmentation d'environ 70 %, la distribution passant de 0,065 $ à 0,11 $ par action. Les actionnaires d'AOD connaîtront une augmentation d'environ 74 %, la distribution passant de 0,0575 $ à 0,10 $ par action. Cette politique vise à garantir des distributions de liquidités constantes et à réduire potentiellement l'écart des Fonds par rapport à la NAV. Les changements sont basés sur les NAV du 31 juillet 2024, AGD passant d'un taux de distribution NAV annualisé de 6,8 % à 12 %, et AOD de 7,0 % à 12 %.
Der abrdn Global Dynamic Dividend Fund (NYSE:AGD) und der abrdn Total Dynamic Dividend Fund (NYSE:AOD) haben eine 70%ige Erhöhung der Ausschüttungsquote und die Einführung einer 12% verwalteten Ausschüttungspolitik angekündigt. Die neue Politik, die am 30. August 2024 in Kraft tritt, wird monatlich 12% des durchschnittlichen täglichen NAV des Vormonats auszahlen. Die Aktionäre von AGD werden eine ungefähre Erhöhung von 70% sehen, da die Ausschüttung von $0.065 auf $0.11 pro Aktie ansteigt. Die Aktionäre von AOD werden eine ungefähre Erhöhung von 74% erfahren, da die Ausschüttung von $0.0575 auf $0.10 pro Aktie steigt. Diese Politik zielt darauf ab, regelmäßige Barausschüttungen zu gewährleisten und möglicherweise den Abschlag der Fonds zum NAV zu verringern. Die Änderungen basieren auf den NAV vom 31. Juli 2024, wobei sich die annualisierte NAV-Ausschüttungsquote von AGD von 6,8% auf 12% und von AOD von 7,0% auf 12% erhöht.
- 70% increase in distribution rate for both AGD and AOD funds
- Implementation of a 12% Managed Distribution Policy
- AGD's monthly distribution increased from $0.065 to $0.11 per share
- AOD's monthly distribution increased from $0.0575 to $0.10 per share
- Potential reduction in the Funds' discount to NAV
- AGD's annualized NAV distribution rate increased from 6.8% to 12%
- AOD's annualized NAV distribution rate increased from 7.0% to 12%
- NAV fluctuations may impact the payment of monthly distributions
- No assurance that the Funds will achieve the expected results
PHILADELPHIA, PA / ACCESSWIRE / August 8, 2024 / abrdn Global Dynamic Dividend Fund (NYSE:AGD) and abrdn Total Dynamic Dividend Fund (NYSE:AOD) (collectively, the "Funds") each, a closed-end management investment company, announced today its Board of Trustees (each a "Board" and collectively, the "Boards") have each approved the implementation of a managed distribution policy which will pay monthly,
Based on each Fund's respective distribution rate announced below, shareholders of AGD will see an approximate
Ticker | Exchange | Previous Stable | New Managed | Declared Distribution Amount |
AGD | NYSE | Stable monthly distribution of | ||
AOD | NYSE | Stable monthly distribution of |
The Funds each distribute monthly all or a portion of its net investment income, including current gains, to common shareholders. The distributions for each Fund will be made from net investment income, net realized capital gains and, to any extent necessary, return of capital.
abrdn Global Dynamic Dividend Fund (AGD) -
AGD pays a stable distribution that is paid monthly at an annual rate, set once a year. On August 7, 2024, the Board of AGD, approved the new Managed Distribution Policy, commencing with the August 2024 distribution.
Based on the NAV as of July 31, 2024, of
abrdn Total Dynamic Dividend Fund (AOD) -
AOD pays a stable distribution that is paid monthly at an annual rate, set once a year. On August 7, 2024, the Board of AOD, approved the new Managed Distribution Policy, commencing with the August 2024 distribution.
Based on the NAV as of July 31, 2024, of
Each Fund's policy is expected to provide a steady and sustainable cash distribution to Fund shareholders that may help reduce the Fund's current discount to NAV. There is no assurance that a Fund will achieve these results. Shareholders should not draw any conclusions about each Fund's investment performance from the amount of the distributions or the terms of the Fund's policy.
At the end of each calendar year, a Form 1099-DIV will be sent to shareholders, which will state the amount and composition of each fund's distributions and provide information with respect to their appropriate tax treatment for the prior calendar year. You should not draw any conclusions about any of these Funds' investment performance from the amount of the distributions.
Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.
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.
https://www.abrdn.com/en-us/cefinvestorcenter
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For More Information Contact:
abrdn U.S. Closed-End Funds
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com
SOURCE: abrdn U.S. Closed-End Funds
View the original press release on accesswire.com
FAQ
When will AGD's new Managed Distribution Policy take effect?
What is the new monthly distribution amount for AGD under the 12% Managed Distribution Policy?
How much will AOD's distribution rate increase under the new policy?
What is the purpose of implementing the new Managed Distribution Policy for AGD and AOD?
How will the new distribution policy affect AGD's annualized NAV distribution rate?
