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abrdn U.S. Closed-End Funds Announce Distribution Payment Details
ByAinvest
Friday, Jan 10, 2025 4:32 pm ET1min read
abrdn U.S. Closed-End Funds announced distribution payments on January 10, 2025, with various per-share amounts. Funds such as abrdn Global Infrastructure Income Fund, abrdn Healthcare Investors, and abrdn Australia Equity Fund paid $0.2000, $0.6200, and $0.1300, respectively. The distribution policy aims to provide stable distributions through current income, realized capital gains, and paid-in capital. For some funds, stock distributions were paid in newly issued shares or cash, depending on the shareholder's preference.
The Philadelphia-based asset manager, ABRDN, announced the distribution payments for its US-listed closed-end funds on January 10, 2025 [1]. The funds, including ABRDN Global Infrastructure Income Fund (ASGI), ABRDN Healthcare Opportunities Fund (THQ), and ABRDN Australia Equity Fund, paid out varying per-share amounts [1].ASGI shareholders received $0.2000 per share, while THQ distributed $0.1800 per share, and ABRDN Australia Equity Fund paid out $0.1300 per share [1]. The total distribution amount for each fund is subject to change as the funds' distribution policies may be modified by their respective boards [1].
The ABRDN funds aim to provide investors with stable distributions through a combination of current income, realized capital gains, and paid-in capital [1]. Some funds offer shareholders the option to receive stock distributions in newly issued shares or cash, depending on their preference [1].
The distribution policy of each fund is subject to change, and there is no guarantee that it will continue [1]. Shareholders should not draw any conclusions about a fund's investment performance based on the amount of the distributions [1].
Investors should note that the tax treatment of the distributions for each fund will be determined at the end of the calendar year, and a Form 1099-DIV will be sent to shareholders [1].
References:
[1] ABRDN US Closed-End Funds Announce Distribution Payment Details. (2024, December 10). Retrieved January 15, 2025, from https://www.nasdaq.com/press-release/abrdn-us-closed-end-funds-announce-distribution-payment-details-2024-12-10
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