abrdn Global Premier Properties Fund (AWP) Announces Approval of 1-for-3 Reverse Stock Split and Adjustment to Monthly Distribution

Rhea-AI Summary

abrdn Global Premier Properties Fund (NYSE: AWP) announced a 1-for-3 reverse stock split of its common shares, expected to be effective before the open of trading on the NYSE on February 9, 2026. The split will convert every three outstanding shares into one share while leaving the total shareholder investment value and the Fund's portfolio value unchanged. In connection with the split, the Fund's stable monthly distribution will be adjusted from $0.04 to $0.12 per share, with no change in monthly cash flow to shareholders. The Fund will retain the ticker AWP and receive a new CUSIP 00302L207. Fractional shares will be aggregated, sold, and paid out pro rata net of customary fees.

Positive

• Reverse split ratio: 1-for-3
• Effective date target: February 9, 2026
• Monthly distribution adjusted to $0.12 per share with no change in cash flow to shareholders

Negative

• Fractional-share proceeds will be paid net of customary fees
• No guarantee the reverse split will eliminate NAV discount or improve market pricing

News Market Reaction

-0.51%

1 alert

-0.51% News Effect

On the day this news was published, AWP declined 0.51%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Reverse stock split ratio: 1-for-3 Pre-split monthly distribution: $0.04 per share Post-split monthly distribution: $0.12 per share +3 more

6 metrics

Reverse stock split ratio 1-for-3 Board-approved reverse stock split of common shares

Pre-split monthly distribution $0.04 per share Stable monthly distribution before reverse split

Post-split monthly distribution $0.12 per share Adjusted distribution after reverse split; no change in cash flow

Reverse split effective date February 9, 2026 Anticipated completion prior to NYSE open

Old CUSIP 00302L108 CUSIP prior to reverse split

New CUSIP 00302L207 CUSIP assigned after reverse split

Market Reality Check

Price: $3.88 Vol: Volume 554,357 is 1.61x t...

high vol

$3.88 Last Close

Volume Volume 554,357 is 1.61x the 20-day average of 344,455, indicating elevated trading interest ahead of the reverse split. high

Technical Shares at $3.94 are trading above the 200-day MA of $3.89, sitting 3.43% below the 52-week high of $4.08 and 20.49% above the 52-week low of $3.27.

Peers on Argus

AWP’s move of -0.25% preceded the split news and does not track a clear sector p...

AWP’s move of -0.25% preceded the split news and does not track a clear sector pattern: peers show mixed moves with ARDC at -0.22%, KTF at -0.22%, while ASG, BRW, and HFRO are modestly positive.

Market Pulse Summary

This announcement detailed a 1-for-3 reverse stock split and a proportional reset of the monthly dis...

Analysis

This announcement detailed a 1-for-3 reverse stock split and a proportional reset of the monthly distribution from $0.04 to $0.12 per share, structured to leave shareholders’ total investment value and monthly cash flow unchanged. The change, effective before trading on February 9, 2026, also comes with a new CUSIP. Investors may focus on how the higher share price, liquidity, and trading premium/discount to NAV evolve following implementation.

Key Terms

reverse stock split, net asset value, closed-end funds, CUSIP, +2 more

6 terms

reverse stock split financial

"approved a 1-for-3 reverse stock split of its common shares."

A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.

net asset value financial

"may trade above (a premium) or below (a discount) the net asset value (NAV)"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

closed-end funds financial

"Closed-end funds are traded on the secondary market through one of the stock exchanges."

A closed-end fund is an investment pool that raises a fixed amount of money by issuing a set number of shares, which then trade on an exchange like stocks. Unlike bank-style mutual funds that buy or sell shares on demand, its market price can sit above or below the fund’s per-share value of holdings (like a used-car market price versus the sticker price), so investors should watch both the traded price and the underlying asset value for potential bargains or risks.

CUSIP regulatory

"but will be assigned the new CUSIP number below."

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

dividend reinvestment plan financial

"Shareholders of a fund trading at a premium who participate in that fund's dividend reinvestment plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

net asset value (NAV) financial

"premium) or below (a discount) the net asset value (NAV) of the fund's portfolio."

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

AI-generated analysis. Not financial advice.

PHILADELPHIA, Jan. 21, 2026 /PRNewswire/ -- abrdn Global Premier Properties Fund (NYSE: AWP) (the "Fund"), a closed-end fund, announced today that its Board of Trustees approved a 1-for-3 reverse stock split of its common shares.

The Board of Trustees and Aberdeen believe that increasing the Fund's market price per share through the reverse stock split may broaden the range of potential investors, thereby potentially improving the Fund's liquidity and reducing transaction costs associated with buying and selling shares in the secondary market.

As a result of the reverse stock split, every three shares of the Fund's outstanding common shares will be converted into one common share. Neither the total value of shareholders' investments in the Fund nor the total value of the Fund's portfolio holdings will be affected due to the reverse stock split. After the reverse stock split, shareholders' accounts will have proportionally fewer common shares but with a proportionally higher share price and a proportionally higher net asset value per share. Also, each shareholder will hold the same percentage of the Fund's outstanding common shares as was held immediately prior to the reverse stock split, subject to adjustments for fractional shares resulting from the reverse stock split (discussed below).

In connection with the reverse stock split, the Fund's stable monthly distribution will be adjusted from $0.04 per share to $0.12 per share, beginning with the first distribution to be declared following the effective date of the reverse stock split. This adjustment to the Fund's monthly distribution will result in no change in monthly cash flow to shareholders as a result of the reverse stock split.

The Fund anticipates completing this reverse stock split prior to the open of trading on the New York Stock Exchange (the "NYSE") on February 9, 2026. The Fund's common shares will continue trading on the NYSE under its existing ticker symbol (NYSE: AWP) but will be assigned the new CUSIP number below.

Ticker	Fund Name	Old CUSIP	New CUSIP
AWP	abrdn Global Premier Properties Fund	00302L108	00302L207

No fractional shares will be issued as a result of the reverse stock split. Fractional shares that may result from the reverse stock split will be aggregated and sold on the NYSE by the Fund's transfer agent and the proceeds will be distributed pro rata among shareholders who would otherwise have received fractional shares in the reverse stock split. The pro rata cash payment received by shareholders will be net of any customary fees and expenses in proportion to their allocable share of the total proceeds of the sales. Shareholders will be receiving additional information regarding the reverse stock split from Computershare Trust Company, N.A., the Fund's transfer agent.

Important Information
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.

The value at which a closed-end fund stock trades on a stock exchange is a function of external market factors that are not under 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.  

About Aberdeen Investments
Aberdeen Investments Global is the trade name of Aberdeen's investments business, herein referred to as "Aberdeen Investments" or "Aberdeen". In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited.

Aberdeen Investments is one of the world's largest asset management firms with extensive experience in managing closed-end funds dating back to the 1980s. As of September 30, 2025, Aberdeen Investments had approximately $515 billion in assets under management. Moreover, closed-end funds are an important element of Aberdeen Investments' client base in the U.S. and globally, managing 15 U.S. closed-end funds and 13 non-U.S. closed-end funds, totaling $26.1 billion in assets as of September 30, 2025. 

abrdn Global Premier Properties Fund | Aberdeen

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SOURCE Aberdeen Investments U.S. Closed End Funds

FAQ

What is the reverse stock split ratio for abrdn Global Premier Properties Fund (AWP)?

The Board approved a 1-for-3 reverse stock split, converting every three shares into one share.

When will the AWP reverse stock split take effect on the NYSE?

The Fund anticipates the reverse split will be completed prior to the open of trading on February 9, 2026.

How does the AWP monthly distribution change after the reverse split?

The monthly distribution will be adjusted from $0.04 to $0.12 per share, with no change in monthly cash flow to shareholders.

Will AWP shareholders lose value because of the reverse split?

No; the total value of an investor's holdings and the Fund's portfolio value will remain unchanged by the reverse split.

Will AWP keep the same ticker and what is the new CUSIP?

The Fund will continue trading under ticker AWP and will be assigned new CUSIP 00302L207.

How will fractional shares from the AWP reverse split be handled?

Fractional shares will be aggregated and sold on the NYSE and holders will receive a pro rata cash payment net of customary fees.