abrdn Global Infrastructure Income Fund (ASGI) Announces Transferable Rights Offering Terms

ASGI will launch a transferable rights offering, letting existing holders buy new shares at a 7.5% discount formula.

Rhea-AI Summary

abrdn Global Infrastructure Income Fund (ASGI) approved terms for a transferable rights offering to its common shareholders, with a record date of September 21, 2026.

Each Record Date shareholder will receive one transferable Right per Common Share and may subscribe for one new Common Share for every three Rights, with holders of fewer than three shares permitted to subscribe for one share. The subscription period is expected to run from the Record Date through October 15, 2026. Rights are expected to trade on the NYSE as "ASGI RTWI" on September 18, 2026 and "ASGI RT" on or about September 22, 2026, with trading expected to end October 14, 2026. The subscription price will be set on the Expiration Date at 92.5% of the average market price over five trading days or 92.5% of NAV, whichever is higher.

Positive

• Rights let existing holders buy new shares at 92.5% of market price or NAV, subject to the pricing formula
• Shareholders can maintain ownership and use an over-subscription privilege to request additional shares, subject to availability
• The offering is intended to increase investable assets for global infrastructure investments across power, communications and transportation

Negative

• Common shareholders will indirectly bear the offering expenses
• New shares issued will not receive the September 30, 2026 distribution
• Shares issued after the expected early October record date will not receive the Fund’s October monthly distribution

News Explained

The approved offering could add capital and alter ownership, but its registration and final subscription price remain outstanding.

ASGI’s board approved terms for a proposed rights offering, but the required shelf registration statement and final prospectus supplement had not been filed as of September 11, 2026; if shares are issued, the Fund would receive capital and nonparticipating holders could see their ownership percentage reduced.

A shelf registration provides capacity for future sales rather than itself issuing shares, while a prospectus supplement sets the final terms; neither document had been filed at the release date.

The stated purpose is to raise capital for infrastructure investments, and existing common shareholders will indirectly bear the offering expenses.

The SEC-filed registration statement and prospectus supplement are the next documents to check for the filing status and final subscription price, which the release says will be set on October 15, 2026.

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PHILADELPHIA, Sept. 11, 2026 /PRNewswire/ -- abrdn Global Infrastructure Income Fund (NYSE: ASGI) (the "Fund") today announced that its Board of Trustees has approved the terms of the issuance of transferable rights ("Rights") to the Fund's common shareholders, allowing the holders of Rights to subscribe for new common shares of beneficial interest, par value $0.001 per share ("Common Shares") of the Fund (the "Offering"). The Board of Trustees, based on the recommendations and presentations of Aberdeen Investments (the "Adviser" or "Aberdeen"), and others, has determined that it is in the best interests of the Fund and its common shareholders to conduct the Offering and seek to increase the assets of the Fund available for investment in accordance with the Fund's long-term investment strategy. The Offering seeks to provide an opportunity to existing common shareholders to purchase Common Shares at a discount to market price (subject to a sales load).

The purpose of the Offering is to provide the Fund with additional capital to deploy selectively across a broad and evolving global infrastructure opportunity set across power generation and energy, communications, and transportation infrastructure, including listed securities and private investments positions and new and follow-on investments, in order to support the Fund's investment objective of total return with an emphasis on current income while reducing the need to sell holdings that management believes continue to offer attractive long-term return potential.

The Offering will allow existing common shareholders to maintain their proportionate ownership. Shareholders who fully exercise their Rights may also subscribe for additional Common Shares through an over-subscription privilege, subject to availability, allocation and the terms of the Offering.

Common shareholders of record ("Record Date Shareholders") on September 21, 2026 (the "Record Date") will receive one transferable Right for each Common Share held. Record Date Shareholders may subscribe for one new Common Share for every three Rights held; holders of fewer than three Common Shares on the Record Date may subscribe for one Common Share. No fractional shares will be issued.

The subscription period is expected to begin on the Record Date and expire on October 15, 2026 (the "Expiration Date"), unless extended, and the Rights may be exercised at any time during the subscription period. The Rights are expected to trade on the New York Stock Exchange on a "when issued" basis under the symbol "ASGI RTWI" on September 18, 2026, and will begin "regular way" trading under the symbol "ASGI RT" on or about September 22, 2026. The last day of trading for the Rights is expected to be October 14, 2026.

The subscription price will be determined on the Expiration Date and will equal 92.5% of the average of the closing market price of the Fund's Common Shares on the Expiration Date and each of the four preceding trading days. If that amount is less than 92.5% of the Fund's net asset value ("NAV") per share at the close of trading on the Expiration Date, the subscription price will be 92.5% of NAV per share at the close of trading on the Expiration Date. The estimated Subscription Price has not yet been determined by the Fund.

Common Shares issued in the Offering will not be eligible to receive the distribution by the Fund payable September 30, 2026 to shareholders of record on September 22, 2026 and Common Shares issued in the Offering after the distribution record date, which is expected to be on or about October 6, 2026, for the Fund's regular monthly distribution for October will also not be eligible to receive such October distribution.

The Offering will be made under the Fund's shelf registration statement, to be filed with the Securities and Exchange Commission ("SEC"), through a prospectus supplement and accompanying prospectus. The shelf registration statement and final prospectus supplement have not been filed with the SEC as of the date of this release. The Fund expects to mail subscription certificates evidencing the Rights and a copy of the prospectus supplement and accompanying prospectus for the Offering to Record Date Shareholders shortly following the Record Date.

The Fund's common shareholders will indirectly bear the offering expenses.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. Any offer will be made only by means of a prospectus supplement and accompanying prospectus. Investors should read the prospectus supplement and accompanying prospectus, when available, and carefully consider the Fund's investment objective, risks, charges and expenses before investing. The information contained herein is subject to change.

For further information regarding the Offering, or to obtain a prospectus supplement and accompanying prospectus, when available, please visit the website maintained by the SEC at www.sec.gov or contact the Fund's Information Agent, EQ Fund Solutions, LLC at +1 (800) 848-3374.

          abrdn Global Infrastructure Income Fund | Aberdeen 

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SOURCE abrdn Global Infrastructure Income Fund

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many new abrdn Global Infrastructure Income Fund shares can an ASGI holder subscribe for?

Record Date shareholders receive one Right for each Common Share held and may subscribe for one new Common Share for every three Rights. Holders of fewer than three shares on the Record Date may subscribe for one Common Share. No fractional shares will be issued.

When can ASGI rights be traded and when do they expire?

The Rights are expected to trade on the NYSE on a "when issued" basis under the symbol ASGI RTWI on September 18, 2026, and begin "regular way" trading under ASGI RT on or about September 22, 2026. Trading in the Rights is expected to end on October 14, 2026, and the subscription period is expected to expire on October 15, 2026, unless extended.

How will the ASGI rights offering subscription price be calculated?

The subscription price will equal 92.5% of the average of the closing market price of the Fund’s Common Shares on the Expiration Date and each of the four preceding trading days. If this is less than 92.5% of NAV per share at the close of trading on the Expiration Date, the subscription price will instead be 92.5% of NAV per share.

Will new ASGI shares issued in the rights offering receive upcoming distributions?

Common Shares issued in the Offering will not be eligible to receive the distribution payable September 30, 2026 to shareholders of record on September 22, 2026. In addition, Common Shares issued after the expected October distribution record date, which is expected to be on or about October 6, 2026, will not be eligible to receive that October monthly distribution.

How will investors obtain the ASGI rights offering materials and prospectus?

The Offering will be made under a shelf registration statement to be filed with the SEC, through a prospectus supplement and accompanying prospectus. The Fund expects to mail subscription certificates and the prospectus materials to Record Date shareholders shortly after the Record Date. When available, investors may also access them via the SEC’s website at www.sec.gov or by contacting the Fund’s Information Agent, EQ Fund Solutions, LLC, at +1 (800) 848-3374.