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.
Aberdeen Standard Global Infrastructure Income Fund (NYSE: ASGI) has announced a public update call scheduled for September 14, 2020, from 12:00 p.m. to 12:30 p.m. ET. Fund portfolio managers, including Josh Duitz and Ryan Sullivan, will discuss the Fund's holdings as of August 31, 2020, and the stable distribution policy. Interested participants can register for the call via the provided link. The Fund highlights potential investment risks including market fluctuations, liquidity issues, and international investments.
Aberdeen Standard Global Infrastructure Income Fund (NYSE: ASGI) announced its initial monthly distribution of $0.1083 per share, payable on October 9, 2020. This distribution aligns with the Fund's Stable Distribution Plan, which promises a 6.5% annualized rate based on an initial offering price of $20.00 through September 30, 2021. As of August 28, 2020, the Fund reported net assets of $180.0 million and a NAV per share of $20.33, with 87% of investments in infrastructure equity. The Fund’s portfolio spans various sectors, including Industrials (30.82%) and Utilities (24.28%).
Aberdeen Standard Investments has launched the Aberdeen Standard Global Infrastructure Income Fund (NYSE: ASGI), successfully raising $177 million from the sale of 8,850,000 common shares priced at $20.00 each. A 45-day overallotment option may increase total funds raised to $203.55 million. The fund aims to invest in private and public infrastructure globally, targeting a high total return with an emphasis on current income. Notably, it seeks to address the $18 trillion global infrastructure investment shortfall and will distribute profits monthly with a management fee of 1.35%.