abrdn Global Premier Properties Fund Announces ATM Equity Offering Program for $27.5 Million

abrdn Global Premier Properties Fund has filed a prospectus supplement for an "at-the-market" equity offering program, allowing the sale of up to $27.5 million in common shares. The proceeds will be used for investment purposes, with the sale price not below the net asset value of the shares. The offering is subject to market conditions and may not result in any sales.

The global real estate market is witnessing significant growth, and Abrdn Global Premier Properties Fund (AWP) is capitalizing on this trend by filing a prospectus supplement for an "at-the-market" (ATM) equity offering program. The NYSE-listed fund aims to raise up to $27.5 million through the sale of common shares, subject to market conditions [1].

AWP, established in 2005, is designed to provide capital appreciation and current income through a diversified portfolio of global real estate securities. With a net expense ratio of 1.19% and a market distribution rate of 12.37%, the fund has attracted the attention of investors seeking exposure to the real estate sector. As of October 31, 2023, the fund had net assets of $345.15 million and 85.43 million shares outstanding [1].

The proceeds from the ATM offering will be utilized for investment purposes, ensuring that the fund maintains a strong position in the global real estate market. The sale price of the shares will not be below the net asset value, providing a floor for investors [1]. This strategic move comes at an opportune time, as the global real estate market continues to recover from the pandemic and interest rates remain low.

AWP's parent company, Aberdeen Standard Investments, has a long history of expertise in real estate investments. With a diverse range of real estate strategies, including core, value-add, and opportunistic, Aberdeen Standard Investments is well-positioned to identify and capitalize on investment opportunities in the global real estate market [2].

In conclusion, AWP's ATM equity offering is a strategic move that positions the fund to capitalize on the growing global real estate market. With a strong track record, a diverse portfolio, and a well-established parent company, AWP is poised for continued success in the years ahead.

[1] Abrdn Global Premier Properties Fund. (n.d.). Key Facts. Retrieved February 15, 2023, from https://www.abrdnawp.com/us/en/funds/equity/abrdn-global-premier-properties-fund/key-facts
[2] Aberdeen Standard Investments. (n.d.). Real Estate. Retrieved February 15, 2023, from https://www.aberdeenstandard.com/us/en/products/real-estate