Welcome to our dedicated page for abrdn Global Infrastructure Income Fund news (Ticker: ASGI), a resource for investors and traders seeking the latest updates and insights on abrdn Global Infrastructure Income Fund stock.
abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a non-diversified, closed-end management investment company focusing on providing a high level of total return with an emphasis on current income. The Fund achieves this by investing in both public and private infrastructure equity investments globally. These investments are in assets that offer essential services to society, ensuring not just potential returns but also societal impact.
Recently, the Fund has made significant strides with the announcement of a 25% increase in its distribution rate, approval of a monthly managed distribution policy, and the initiation of an open market share repurchase program. The distribution rate has been set at 9% for the 12-month period starting January 2024, providing a steady income stream for investors. This policy is subject to regular review, ensuring it aligns with the Fund's performance and market conditions.
Moreover, the Fund's Board has authorized a share repurchase program, permitting the Fund to buy back up to 10% of its outstanding common stock within any 12-month period. This move aims to enhance market liquidity and potentially reduce the Fund’s discount to NAV.
The Fund distributes monthly income from a mix of net investment income, realized capital gains, and return of capital, leveraging exemptive relief from the U.S. Securities and Exchange Commission. This allows the Fund to offer more frequent long-term capital gains distributions.
With a fiscal year ending on September 30, the Fund provides detailed performance and distribution data, helping shareholders understand the composition and source of their distributions. It's essential to note that actual performance may vary based on market conditions and investment experiences throughout the fiscal year.
The Fund's strategic moves, from increasing distribution rates to initiating share repurchases, aim to deliver steady and sustainable returns while maintaining a focus on essential societal infrastructure. Investors should remain mindful of the inherent risks and consult with their tax advisors regarding the specific implications of these distributions.
For more information, visit abrdn Global Infrastructure Income Fund's official site.
Aberdeen Standard Global Infrastructure Income Fund (ASGI) and Aberdeen Asia-Pacific Income Fund (FAX) announced their distribution payments for shareholders of record as of November 19, 2021. The amounts distributed are $0.1083 per share for ASGI and $0.0275 for FAX, both paid on November 30, 2021. The Funds aim to provide stable distributions from current income, capital gains, and occasionally, return of capital. Each Fund's estimated distribution sources include net investment income and capital gains, with detailed breakdowns provided in the press release.
Aberdeen Standard Investments Inc. announced the distribution payments for its closed-end funds on October 29, 2021. Shareholders of record as of October 22, 2021 will receive $0.1083 per share for the Aberdeen Standard Global Infrastructure Income Fund (ASGI) and $0.0275 per share for the Aberdeen Asia-Pacific Income Fund, Inc. (FAX). These distributions are part of a policy aimed at providing stable income from current earnings and capital gains. The funds have reported the estimated sources of distributions as net investment income and returns of capital.
The Aberdeen Standard Global Infrastructure Income Fund (NYSE: ASGI) held its Annual Meeting of Shareholders on May 27, 2021. At the Meeting, shareholders voted to re-elect Class I Trustee John Sievwright, receiving 7,049,907 votes in favor and 32,710 votes withheld. As of April 12, 2021, there were 8,855,000 shares of common stock outstanding, with 79.98% voting participation, indicating strong shareholder engagement. The Fund's shares may trade above or below the net asset value, reflecting market conditions.
On April 12, 2021, Aberdeen Standard Global Infrastructure Income Fund (NYSE: ASGI) announced a monthly distribution of $0.1083 per share, payable on April 30, 2021, to shareholders of record as of April 23, 2021. The distribution is sourced from net investment income (21%), net realized short-term capital gains (61%), and a return of capital (18%). The Fund aims to provide stable monthly distributions supported by income and capital gains. Shareholders should be aware that a portion of their distribution may constitute a return of capital, which does not reflect investment performance.
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