abrdn Global Infrastructure Income Fund - ASGI STOCK NEWS

The abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a distribution of $0.2100 per share, payable on September 30, 2024, to shareholders of record as of September 20, 2024. The fund follows a managed distribution policy to provide stable income. The distribution sources are estimated as:

• 14% from net investment income
• 56% from net realized long-term gains
• 30% from return of capital

ASGI's 5-year average annual total return on NAV is 9.26%, with a current fiscal period's annualized distribution rate on NAV of 9.56%. Shareholders are advised not to draw conclusions about the fund's performance from the distribution amount or policy.

abrdn U.S. Closed-End Funds (NYSE:ASGI, THQ, THW) announced distribution payments on August 30, 2024. ASGI paid $0.2000 per share, THQ $0.1800, and THW $0.1167. The funds have adopted a distribution policy to provide stable income from current earnings, realized gains, and paid-in capital if necessary.

The press release details estimated distribution sources, including net investment income, realized gains, and return of capital. It also provides performance data, with ASGI showing an 8.74% average annual total return on NAV for the 5-year period ending June 30, 2024.

Shareholders are advised that final tax determinations will be made after the fiscal year-end, and distributions may affect the fund's net assets and market price.

The abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced an update on its acquisition of assets from the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD). Key points include:

- MFD shareholders approved the reorganization
- Expected closing date: September 20, 2024
- MFD shares to cease trading on NYSE at market close on September 20, 2024
- MFD shareholders will receive newly issued ASGI shares
- Combined net assets post-reorganization: approximately $596 million
- Benefits: economies of scale, increased viability, enhanced liquidity, and marketability

The reorganization aims to create a larger, more efficient fund by combining assets and is subject to customary closing conditions.

abrdn Global Infrastructure Income Fund (NYSE:ASGI) has announced an update on its acquisition of assets from Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD). The reorganization, approved by MFD shareholders, is set to close on September 20, 2024. Key points include:

• MFD shares will cease trading on NYSE at market close on September 20, 2024
• MFD shareholders will receive newly issued ASGI shares
• The combined net assets of ASGI post-reorganization will be approximately $596 million
• The merger aims to achieve economies of scale, increase liquidity, and enhance marketability

This strategic move is expected to benefit shareholders of both funds by creating a larger, more viable combined fund with improved scale and efficiency.

abrdn U.S. Closed-End Funds (NYSE:ASGI, THQ, THW) announced distribution payments on July 31, 2024. ASGI paid $0.2000 per share, THQ $0.1800, and THW $0.1167. The funds have adopted a distribution policy to provide stable income from current earnings, realized gains, and paid-in capital if necessary.

The estimated sources of distributions include net investment income, realized short-term and long-term gains, and return of capital. ASGI's 5-year average annual total return on NAV was 7.53%, with a current fiscal period's annualized distribution rate of 10.17% on NAV.

Shareholders are advised not to draw conclusions about a fund's investment performance from distribution amounts or policy terms. The distribution policy may affect the fund's net assets, expenses, and investment activities.

On May 31, 2024, abrdn U.S. Closed-End Funds (NYSE:ASGI, NYSE:THQ, NYSE:THW) announced distributions for shareholders of record as of May 23, 2024. ASGI distributed $0.2000 per share, THQ $0.1800, and THW $0.1167. These distributions include portions from net investment income, realized capital gains, and return of capital. The estimated sources of distribution for ASGI included 20% from net investment income, 62% from long-term gains, and 18% as a return of capital. Fiscal year-to-date, ASGI's cumulative distribution is $1.1700 per share. Performance metrics show ASGI with a 7.42% average annual return on NAV over five years, with a current annualized distribution rate on NAV at 38.65%. Investors are advised that distribution payments may impact the Fund's net assets and market price per share.

abrdn U.S. Closed-End Funds (ASGI) announced distributions to shareholders on February 29, 2024. The Funds paid $0.1500 per share for abrdn Global Infrastructure Income Fund (ASGI), $0.1800 for abrdn Healthcare Opportunities Fund (THQ), and $0.1167 for abrdn World Healthcare Fund (THW). The distributions aim to provide stable income from current income, capital gains, and paid-in capital. The estimated sources of distributions include net investment income, short-term and long-term capital gains, and return of capital. Shareholders are cautioned that a return of capital does not reflect investment performance. The Funds' total return performance and distribution rates are also provided for investor reference.

abrdn Global Infrastructure Income Fund (ASGI) has announced a 25% increase in its distribution rate, approval of a monthly managed distribution policy, and authorization of an open market share repurchase program. The Fund's Board of Trustees approved a managed distribution policy to pay monthly distributions at an annual rate of 9%. The Fund also introduced an open market share repurchase program, allowing it to purchase up to 10% of its outstanding common stock at a discount to NAV. Since its inception, ASGI has exhibited solid performance, exceeding the benchmark by 0.69% as of November 30, 2023. The Fund's calendar year-to-date NAV performance as of November 30, 2023, showcases a total return of 6.77%, and the share price has a total return of 10.67%, both outpacing the benchmark's total return of 1.56%.

abrdn U.S. Closed-End Funds (ASGI) announced distributions on November 30, 2023. ASGI distributed $0.1200 per share, THQ distributed $0.1125, and THW distributed $0.1167. The funds adopted a distribution policy for stable distribution out of current income, supplemented by realized capital gains and paid-in capital. The estimated sources of the distributions and the Funds' total return performance are detailed in the PR.