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Abrdn Global Infrastructure Income Fund - ASGI STOCK NEWS

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.

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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.

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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.
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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%.
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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.
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The abrdn U.S. Closed-End Funds announced the distributions paid on October 31, 2023, on a per share basis. The distribution policy aims to provide a stable distribution out of current income, supplemented by realized capital gains and paid-in capital. The estimated sources of the distributions include net investment income, net realized short-term and long-term gains, and return of capital. ASGI estimates a net deficit of $13,357,000.00 as of October 6, 2023.
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The Board of Trustees of several closed-end investment companies advised by First Trust Advisors, L.P. announces the proposed reorganization into the respective Acquiring Funds. The combination of the merging funds will help ensure the viability of certain Funds, increasing scale, liquidity, and marketability. Shareholders of each Acquiring Fund will experience an increase in assets under management. Each Reorganization is intended to be treated as a tax-free reorganization for U.S. federal income tax purposes.
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The abrdn Global Infrastructure Income Fund announced a distribution payment of $0.1200 per share to shareholders. The Fund aims to provide a stable distribution out of current income, supplemented by realized capital gains and paid-in capital. The estimated sources of the current distribution are net investment income (2.8%), net realized short-term gains (0.8%), net realized long-term gains (7.8%), and return of capital. The Fund's average annual total return on NAV for the 5-year period ending 06/30/2023 is 9.30%.
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abrdn Global Infrastructure Income Fund announces distribution payment details
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abrdn U.S. Closed-End Funds announced distribution payments on May 31, 2023. abrdn Global Infrastructure Income Fund paid $0.1200 per share, while abrdn Asia-Pacific Income Fund, Inc. paid $0.0275 per share. The distributions were made to all shareholders of record as of May 19, 2023.
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FAQ

What is the primary investment objective of abrdn Global Infrastructure Income Fund?

The primary objective is to provide a high level of total return with an emphasis on current income by investing in global infrastructure equity investments.

What is the recent distribution policy change for ASGI?

The Fund announced a 25% increase in distribution rate and approved a managed distribution policy with a 9% rate for the 12-month period starting January 2024.

What does the share repurchase program entail?

The Fund's Board has authorized an open market share repurchase program, allowing the purchase of up to 10% of its outstanding common stock within any 12-month period.

How often does the Fund distribute income to its shareholders?

The Fund distributes monthly income, which may include net investment income, realized capital gains, and return of capital.

What type of assets does ASGI invest in?

ASGI invests in both public and private infrastructure equity investments that provide essential services to society.

How does the Fund determine its distribution rate?

The distribution rate is set as a percentage of the average daily net asset value (NAV) for the previous month-end and is subject to regular review by the Board.

What is the significance of the share repurchase program?

The share repurchase program aims to enhance market liquidity and potentially reduce the Fund’s discount to NAV.

What risks are associated with investing in ASGI?

Investment in ASGI carries risks, including market fluctuation, potential loss of principal, and variability in the NAV.

How does the Fund report its distribution sources?

The Fund provides estimated sources of distributions under SEC rules, with final determinations made at the fiscal year-end.

Where can I find more information about ASGI?

More information can be found on the Fund’s official website at https://www.abrdnasgi.com/.

Abrdn Global Infrastructure Income Fund

NYSE:ASGI

ASGI Rankings

ASGI Stock Data

466.83M
25.21M
0.01%
40.44%
0.18%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
Philadelphia