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 (ASGI) provides income-focused infrastructure investments through its closed-end fund structure. This news hub delivers official updates and analysis for investors tracking essential service assets across transportation, utilities, and energy sectors.
Access timely announcements including earnings reports, strategic initiatives, and portfolio developments. Our curated collection enables informed decision-making by consolidating regulatory filings, operational updates, and market positioning statements.
Key updates cover asset acquisitions, income distribution details, and management strategy communications. Bookmark this page for direct access to primary source materials from ASGI’s income-generating infrastructure investments worldwide.
abrdn U.S. Closed-End Funds (NYSE:ASGI, THQ, THW) announced distribution payments on August 30, 2024. ASGI paid $0.2000 per share, THQ $0.1800, and THW $0.1167. The funds have adopted a distribution policy to provide stable income from current earnings, realized gains, and paid-in capital if necessary.
The press release details estimated distribution sources, including net investment income, realized gains, and return of capital. It also provides performance data, with ASGI showing an 8.74% average annual total return on NAV for the 5-year period ending June 30, 2024.
Shareholders are advised that final tax determinations will be made after the fiscal year-end, and distributions may affect the fund's net assets and market price.
The abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced an update on its acquisition of assets from the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD). Key points include:
- MFD shareholders approved the reorganization
- Expected closing date: September 20, 2024
- MFD shares to cease trading on NYSE at market close on September 20, 2024
- MFD shareholders will receive newly issued ASGI shares
- Combined net assets post-reorganization: approximately $596 million
- Benefits: economies of scale, increased viability, enhanced liquidity, and marketability
The reorganization aims to create a larger, more efficient fund by combining assets and is subject to customary closing conditions.
abrdn Global Infrastructure Income Fund (NYSE:ASGI) has announced an update on its acquisition of assets from Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD). The reorganization, approved by MFD shareholders, is set to close on September 20, 2024. Key points include:
- MFD shares will cease trading on NYSE at market close on September 20, 2024
- MFD shareholders will receive newly issued ASGI shares
- The combined net assets of ASGI post-reorganization will be approximately $596 million
- The merger aims to achieve economies of scale, increase liquidity, and enhance marketability
This strategic move is expected to benefit shareholders of both funds by creating a larger, more viable combined fund with improved scale and efficiency.
abrdn U.S. Closed-End Funds (NYSE:ASGI, THQ, THW) announced distribution payments on July 31, 2024. ASGI paid $0.2000 per share, THQ $0.1800, and THW $0.1167. The funds have adopted a distribution policy to provide stable income from current earnings, realized gains, and paid-in capital if necessary.
The estimated sources of distributions include net investment income, realized short-term and long-term gains, and return of capital. ASGI's 5-year average annual total return on NAV was 7.53%, with a current fiscal period's annualized distribution rate of 10.17% on NAV.
Shareholders are advised not to draw conclusions about a fund's investment performance from distribution amounts or policy terms. The distribution policy may affect the fund's net assets, expenses, and investment activities.
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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