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abrdn Global Premier Properties Fund Director Yao Nancy buys 2000 shares at $3.93/share.
ByAinvest
Monday, Aug 18, 2025 12:04 pm ET1min read
It is with great pleasure that abrdn Global Premier Properties Fund[AWP] announces the acquisition of 2000 shares by Director Yao Nancy at a price of $3.93 per share on August 14, 2025.
In a significant move, abrdn Global Premier Properties Fund [AWP] has announced that Director Yao Nancy acquired 2000 shares of the fund on August 14, 2025, at a price of $3.93 per share. This transaction underscores the fund's continued attractiveness in the current market landscape, as evidenced by the recent dividend declaration and the fund's high yield.The acquisition price of $3.93 per share is notably lower than the current market price, which may indicate a strategic purchase aimed at capitalizing on potential undervaluation. This move aligns with the fund's history of providing high yields to shareholders, as highlighted in the fund's dividend scorecard and yield chart [1].
The fund's recent dividend declaration, which includes a $0.04 per share monthly dividend, has maintained a forward yield of 12.36% [1]. This dividend is payable on August 29, 2025, for shareholders of record as of August 22, 2025, with the ex-dividend date also set for August 22, 2025. The consistent dividend payments have been a key factor in attracting investors, despite the fund's net asset value (NAV) deterioration amidst higher interest rates.
The acquisition of shares by a fund director is a significant indicator of confidence in the fund's future performance. Director Yao Nancy's investment in AWP signals a belief in the fund's ability to generate returns and maintain its high yield, despite the current market conditions. This move is likely to be closely watched by investors, as it provides a tangible demonstration of the fund's attractiveness.
In conclusion, the acquisition of 2000 shares by Director Yao Nancy at a price of $3.93 per share is a positive development for abrdn Global Premier Properties Fund [AWP]. The move underscores the fund's appeal to investors, particularly those seeking high yields in the current market environment.
References:
[1] https://seekingalpha.com/news/4484049-abrdn-global-premier-properties-fund-declares-0_04-dividend
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