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.
On March 9, 2021, Aberdeen Standard Global Infrastructure Income Fund (NYSE: ASGI) announced a distribution of $0.1083 per share, payable on March 31, 2021, to shareholders of record as of March 24, 2021. This distribution is part of the Fund's policy to provide stable monthly income from current earnings, augmented by realized capital gains and potentially, return of capital. The distribution's sources include net investment income, short-term capital gains, and return of capital, with estimates subject to change based on fiscal performance.
Aberdeen Global Infrastructure Income Fund (NYSE: ASGI) announced a distribution payment of $0.1083 per share on February 26, 2021, to shareholders of record by February 19, 2021 (ex-dividend date: February 18). The distribution comprises 16% net investment income, 34% net realized short-term capital gains, and 50% return of capital. The Fund aims to provide stable monthly distributions, though shareholders are advised not to interpret distribution amounts as direct indicators of investment performance. A detailed explanation of the distribution sources and their implications is provided.
Aberdeen Global Infrastructure Income Fund (NYSE: ASGI) announced a monthly distribution of $0.1083 per share, payable on January 29, 2021, to shareholders on record as of January 22, 2021. The fund's distribution comprises 19% net investment income, 54% net realized short-term capital gains, and 27% return of capital. The annualized distribution rate is 6.00%, with a total return on net asset value of 10.30% over the past five years. Investors are advised that portions of distributions may be returns of capital and not indicative of the fund's investment performance.
Aberdeen Global Infrastructure Income Fund (NYSE: ASGI) has declared a monthly distribution of $0.1083 per share, payable on December 9, 2020. The record date for shareholders is December 2, 2020, with an ex-dividend date of December 1, 2020. The distribution represents income from net investment income (22%), short-term capital gains (46%), and a return of capital (32%). The Fund's distribution policy aims to provide stable monthly distributions, which may result in a decrease in net assets and potentially impact market price.
Aberdeen Global Infrastructure Income Fund (NYSE: ASGI) announced a monthly distribution of $0.1083 per share, payable on November 10, 2020. Shareholders of record as of November 3, 2020 will receive this distribution, with an ex-dividend date of November 2, 2020. The distribution consists of 16% from net investment income, 25% from net realized short-term capital gains, and 59% as a return of capital. As of October 20, 2020, the fund has a net deficit of $687,000.
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