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 reports developments for a non-diversified, closed-end management investment company focused on global infrastructure income. The fund seeks total return with an emphasis on current income by investing in assets that provide necessary services, including private infrastructure investments. Recurring updates include distributions, NAV and market-price references, shareholder voting matters, fund-structure proposals, governance actions, capital-structure disclosures, and operating and financial results tied to the fund's closed-end structure and NYSE-listed shares.
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abrdn U.S. Closed-End Funds announced the upcoming completion of reorganizations involving four closed-end investment companies advised by Delaware Management Company. Effective March 13, 2023, the IVH, DEX, DDF, and MGU funds will merge into the ACP, AGD, and ASGI funds. This consolidation aims to enhance economies of scale, liquidity, and marketability, ultimately benefiting shareholders by creating larger, more viable funds. Shareholders of the Acquired Funds will receive new shares of the Acquiring Funds post-reorganization.
abrdn Global Infrastructure Income Fund (NYSE:ASGI) held a special shareholder meeting on December 9, 2022, where shareholders voted to approve the issuance of additional shares as part of the reorganization with Macquarie Global Infrastructure Total Return Fund Inc. (MGU). A significant 82.61% of outstanding shares were voted, with 3,136,748 in favor and 429,816 against the share issuance. Additionally, KPMG LLP was ratified as the Fund's independent accounting firm for the fiscal year ending September 30, 2023, with 6,369,207 votes in favor. The reorganization is expected to complete in Q1 2023, pending customary conditions.
abrdn Global Infrastructure Income Fund (ASGI) and abrdn Asia-Pacific Income Fund (FAX) announced their distributions for shareholders as of November 22, 2022. The distribution per share is $0.1200 for ASGI and $0.0275 for FAX, both paid on November 30, 2022. The distribution is estimated to derive entirely from the net investment income for FAX, while ASGI's distribution is a return of capital. The funds aim to provide stable distributions, supplemented by realized capital gains.
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