abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details
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.
Il Fondo per il Reddito da Infrastruttura Globale abrdn (NYSE:ASGI) ha annunciato una distribuzione di $0.2100 per azione, pagabile il 30 settembre 2024, agli azionisti registrati al 20 settembre 2024. Il fondo segue una politica di distribuzione gestita per fornire un reddito stabile. Le fonti di distribuzione sono stimate come segue:
- 14% da reddito netto da investimenti
- 56% da guadagni netti realizzati a lungo termine
- 30% da ritorno di capitale
Il ritorno totale medio annuale su NAV di ASGI negli ultimi 5 anni è del 9,26%, con un tasso di distribuzione annualizzato dell’attuale periodo fiscale su NAV del 9,56%. Si consiglia agli azionisti di non trarre conclusioni sulle performance del fondo dall'importo della distribuzione o dalla politica.
El Fondo de Ingresos por Infraestructura Global abrdn (NYSE:ASGI) anunció una distribución de $0.2100 por acción, pagadera el 30 de septiembre de 2024, a los accionistas registrados al 20 de septiembre de 2024. El fondo sigue una política de distribución gestionada para proporcionar ingresos estables. Las fuentes de distribución se estiman de la siguiente manera:
- 14% de ingresos netos por inversiones
- 56% de ganancias netas realizadas a largo plazo
- 30% de retorno de capital
El retorno total promedio anual sobre NAV de ASGI en los últimos 5 años es del 9,26%, con un tasa de distribución anualizada del periodo fiscal actual sobre NAV del 9,56%. Se aconseja a los accionistas no sacar conclusiones sobre el rendimiento del fondo a partir del monto de la distribución o de la política.
abrdn 글로벌 인프라 수익 펀드(NYSE:ASGI)는 2024년 9월 30일에 주당 $0.2100의 배당금을 발표했으며, 2024년 9월 20일 기준 주주들에게 지급됩니다. 이 펀드는 안정적인 수익을 제공하기 위해 관리형 배당 정책을 따릅니다. 배당금 원천은 다음과 같이 추산됩니다:
- 14%는 순投资소득에서
- 56%는 순 실현 장기 수익에서
- 30%는 자본 환급에서
ASGI의 5년 평균 연간 NAV 총 수익률은 9.26%이며, 현재 재정 기간의 NAV 연간화 배당률은 9.56%입니다. 주주들은 배당금 금액이나 정책으로 펀드 성과에 대한 결론을 내리지 말 것을 권장합니다.
Le Fonds de Revenu d'Infrastructure Mondial abrdn (NYSE:ASGI) a annoncé une distribution de $0.2100 par action, payable le 30 septembre 2024, aux actionnaires inscrits au 20 septembre 2024. Le fonds suit une politique de distribution gérée pour fournir un revenu stable. Les sources de distribution sont estimées comme suit :
- 14 % des revenus nets d'investissement
- 56 % des gains nets réalisés à long terme
- 30 % des retours de capital
Le rendement total moyen annuel sur NAV d'ASGI sur 5 ans est de 9,26 %, avec un taux de distribution annualisé pour la période fiscale actuelle sur NAV de 9,56 %. Il est conseillé aux actionnaires de ne pas tirer de conclusions sur la performance du fonds à partir du montant de la distribution ou de la politique.
Der abrdn Global Infrastructure Income Fund (NYSE:ASGI) hat eine Ausschüttung von $0.2100 pro Aktie angekündigt, die am 30. September 2024 an die Aktionäre ausgezahlt wird, die zum 20. September 2024 eingetragen sind. Der Fonds folgt einer verwalteten Ausschüttungspolitik, um stabile Einkommen zu bieten. Die Ausschüttungsquellen werden wie folgt geschätzt:
- 14% aus Nettoanlageerträgen
- 56% aus realisierten Nettogewinnen aus langfristigen Anlagen
- 30% aus Rückzahlungen des Kapitals
Die 5-Jahres-Durchschnittsrendite pro Jahr auf NAV von ASGI beträgt 9,26%, mit einem jährlichen Ausschüttungssatz des aktuellen Geschäftsjahres auf NAV von 9,56%. Aktionäre werden darauf hingewiesen, keine Rückschlüsse auf die Fondsleistung aus der Höhe der Ausschüttung oder der Politik zu ziehen.
- ASGI maintains a stable distribution policy, providing regular income to shareholders
- The fund's 5-year average annual total return on NAV is 9.26%
- Current fiscal period's annualized distribution rate on NAV is 9.56%
- The majority of the distribution (56%) comes from realized long-term gains
- 30% of the distribution is classified as return of capital, which may reduce shareholders' cost basis
- The distribution policy may result in a decrease in the fund's net assets
- The fund may need to hold larger cash positions or liquidate securities to meet distribution requirements
PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The abrdn Global Infrastructure Income Fund (NYSE:ASGI) and the abrdn Income Credit Strategies Fund (NYSE:ACP), announced today that each closed end fund will pay the distributions indicated in the chart below on a per share basis on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024).
Ticker | Exchange | Fund | Amount |
ACP | NYSE | abrdn Income Credit Strategies Fund | |
ASGI | NYSE | abrdn Global Infrastructure Income Fund |
Please note that shareholders of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) and the First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) will not be shareholders of record of the ASGI or ACP respectively until September 23, 2024, so those shareholders will not receive this September distribution.
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 either of these funds' investment performance from the amount of the distributions.
MANAGED DISTRIBUTION POLICY FUNDS
ANNOUNCE DISTRIBUTION PAYMENT DETAILS
abrdn Global Infrastructure Income Fund ("ASGI")
The abrdn Global Infrastructure Income Fund ("ASGI") today announced that the Fund will pay the distribution noted in the chart above on September 30, 2024, on a per share basis to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024).
The Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital in reliance on an exemptive order granted by the Securities and Exchange Commission.
Under applicable U.S. tax rules, the amount and character of distributable income for the Fund's fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related rules, the Fund may be required to indicate to shareholders the estimated source of certain distributions to shareholders.
The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions to be paid as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.
The Fund's estimated sources of the current distributions to be paid and for its current fiscal year to date are as follows:
Estimated Amounts of Current Distribution per Share | |||||||||
Fund | Distribution Amount | Net Investment Income | Net Realized Short-Term Gains* | Net Realized Long-Term Gains | Return of Capital | ||||
ASGI | - | - | |||||||
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Estimated Amounts of Fiscal Year to Date Cumulative Distributions per Share | |||||||||
Fund | Fiscal Year** to Date Distribution Amount | Net Investment Income | Net Realized Short-Term Gains* | Net Realized Long-Term Gains | Return of Capital | ||||
ASGI | - | - | |||||||
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* includes currency gains
** ASGI has a 9/30 fiscal year end.
Where the estimated amounts above show a portion of the distribution to be a "Return of Capital," it means that Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all the money that you invested in a Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes.
The following table provides the Fund's total return performance based on net asset value (NAV) over various time periods compared to the Fund's annualized and cumulative distribution rates.
Fund Performance and Distribution Rate Information | ||||
Fund | Average Annual Total Return on NAV for the 5 Year Period Ending 08/31/2024¹ | Current Fiscal Period's Annualized Distribution Rate on NAV² | Cumulative Total Return on NAV¹ | Cumulative Distribution Rate on NAV² |
ASGI | ||||
1 Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.
2 Based on the Fund's NAV as of August 31, 2024.
3 The Fund launched within the past 5 years; the performance and distribution rate information presented reflects data from inception (July 29, 2020) through August 31, 2024.
Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy").
While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Fund may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b-1 thereunder. Therefore, distributions paid by the Fund during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Fund, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received.
The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund's net assets. A decrease in the Fund's net assets may cause an increase in the Fund's annual operating expense ratio and a decrease in the Fund's market price per share to the extent the market price correlates closely to the Fund's net asset value per share. The Distribution Policy may also negatively affect the Fund's investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the distribution. The Fund's Board has the right to amend, suspend or terminate the Distribution Policy at any time.
The amendment, suspension or termination of the Distribution Policy may affect the Fund's market price per share. Investors should consult their tax advisor regarding federal, state, and local tax considerations that may be applicable in their particular circumstances.
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
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
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FAQ
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