ABERDEEN INVESTMENTS U.S. CLOSED-END FUNDS ANNOUNCE DISTRIBUTION PAYMENT DETAILS
Rhea-AI Summary
abrdn Healthcare Opportunities Fund (NYSE: THQ) paid a $0.1800 per-share distribution on November 28, 2025 to holders of record on November 21, 2025 (ex-dividend date November 21, 2025).
The notice reports estimated distribution composition: $0.0306 (17%) as net realized long-term gains and an estimated $0.1494 (83%) as return of capital for the current distribution. The fund's annualized distribution rate on NAV is 11.80% and its 5-year average annual total return on NAV through 10/31/2025 is 7.26%. Tax characterizations are preliminary; final amounts will be reported on Form 1099-DIV after year-end.
Positive
- Annualized distribution rate on NAV of 11.80% (THQ)
- Distribution paid on November 28, 2025 to record holders as of November 21, 2025
Negative
- Return of capital estimated at 83% of THQ's current distribution
- High ROC may reduce shareholders' adjusted basis and is not from investment income
News Market Reaction
On the day this news was published, ASGI gained 0.77%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: MEGI up 0.37%, while BOE and TYG are down modestly. No clear sector-wide direction relative to THQ’s modest 1.09% gain pre-announcement.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 28 | Distribution details | Neutral | -1.4% | Monthly distribution notice with updated composition and NAV-based performance figures. |
| Oct 31 | Distribution details | Neutral | -1.4% | Regular distributions for ASGI and THQ with Section 19 composition breakdowns. |
| Aug 29 | Distribution details | Neutral | +0.0% | Announced monthly distributions for ASGI and THQ and source allocations. |
| Jul 31 | Distribution details | Neutral | -0.9% | Declared monthly payouts for ASGI and THQ with 5-year return data. |
This announcement continues a series of regular distribution notices for THQ, with per-share payments of $0.1800 recurring across recent months. Prior notices detailed that a high proportion of THQ’s distributions have been classified as return of capital, alongside smaller components from capital gains. Reported 5-year average annual total returns on NAV have ranged from 3.92% to 7.26%, while annualized distribution rates on NAV have stayed near or above 11%, underscoring the fund’s income-focused policy.
Market Pulse Summary
This announcement details THQ’s regular distribution of $0.1800 per share and its estimated tax character, including 17% from long-term gains and 83% as return of capital. It also highlights a 7.26% 5-year average annual total return on NAV versus an 11.80% annualized distribution rate. Investors may monitor how frequently return of capital features in payouts and compare ongoing NAV performance to the stated distribution policy and rates.
Key Terms
return of capital financial
net asset value financial
Investment Company Act of 1940 regulatory
Form 1099-DIV regulatory
short-term capital gains financial
long-term capital gains financial
dividend reinvestment plan financial
AI-generated analysis. Not financial advice.
Ticker | Exchange | Fund | Amount |
ASGI | NYSE | abrdn Global Infrastructure Income Fund | |
THQ | NYSE | abrdn Healthcare Opportunities Fund |
Each 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.
Under applicable
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 paid this month 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 Funds' estimated sources of the current distribution paid this month 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 | 2 % | 49 % | 49 % | - | - | ||||
THQ | - | - | 17 % | - | - | 83 % | |||
Estimated Amounts of Fiscal Year* to Date Cumulative Distributions per Share | |||||||||
Fund | Distribution Amount | Net Investment Income | Net Realized Short-Term Gains ** | Net Realized Long-Term Gains | Return of Capital | ||||
ASGI | 2 % | 49 % | 49 % | - | - | ||||
THQ | - | - | 17 % | - | - | 83 % | |||
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 tables provide the Funds' total return performance based on net asset value (NAV) over various time periods compared to the Funds' annualized and cumulative distribution rates.
Fund Performance and Distribution Rate Information | ||||
Fund | Average Annual Total Return on NAV for the 5 Year Period Ending 10/31/2025¹ | Current Fiscal Period's Annualized Distribution Rate on NAV | Cumulative Total Return on NAV¹ | Cumulative Distribution Rate on NAV² |
ASGI | 11.58 % | 12.09 % | -0.08 % | 1.01 % |
THQ | 7.26 % | 11.80 % | 3.32 % | 0.98 % |
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. |
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").
The value at which a closed-end fund stock may trade on a public exchange is a function of external market factors that are not at the control of the Fund's Board or Investment Advisor. Closed-end Fund shares may therefore trade at a premium or a discount to net asset value at any given time. Shareholders should be aware that a fund trading at a premium to net asset value may not be sustainable and a fund's discount to net asset value, can widen as well as narrow. Shareholders of a fund trading at a premium who participate in that fund's dividend reinvestment plan should note the reinvestment of distributions may occur at a premium to net asset value.
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 Funds 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 Funds 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 Funds, 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. Each 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
Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In
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.
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SOURCE Aberdeen Investments
FAQ
What amount did THQ (NYSE: THQ) pay on November 28, 2025?
What is THQ's ex-dividend and record date for the November 28, 2025 distribution?
How much of THQ's November 28, 2025 distribution is return of capital?
How will the distribution be reported for tax purposes for THQ shareholders?
What is THQ's annualized distribution rate on NAV reported in the notice?
Does THQ's distribution reflect fund performance on NAV?
