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abrdn Global Infrastructure Income Fund - ASGI STOCK NEWS

Welcome to our dedicated news page for abrdn Global Infrastructure Income Fund (Ticker: ASGI), a resource for investors and traders seeking the latest updates and insights on abrdn Global Infrastructure Income Fund.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect abrdn Global Infrastructure Income Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of abrdn Global Infrastructure Income Fund's position in the market.

News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
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News
abrdn Global Infrastructure Income Fund (ASGI) Announces 25% Increase in Distribution Rate, Approval of a Monthly Managed Distribution Policy and Authorization of an Open Market Share Repurchase Program
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
buyback
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News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
none
News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
none
-
News
abrdn's U.S. Closed-End Funds Announce Proposed Acquisition of Assets of Four First Trust Advised Closed-End Funds
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
Tags
acquisition
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News
abrdn Global Infrastructure Income Fund Announces Distribution Payment Details
Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
none
News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
abrdn Global Infrastructure Income Fund announces distribution payment details
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
none
-
News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
-
News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
abrdn U.S. Closed-End Funds Announce Distribution Payment Details
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
Stock ASGI logo
abrdn Global Infrastructure Income Fund

NYSE:ASGI

ASGI Rankings

#3082 Ranked by Market Cap
#2668 Ranked by Stock Gains
#160 Ranked by Dividends

ASGI Stock Data

418.56M
0.01%
40.44%
0.18%
Securities and Commodity Exchanges
Finance and Insurance
United States
Philadelphia

About ASGI

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society. The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private infrastructure equity investments from around the world.