abrdn Global Premier Properties Fund Launches "At-the-Market" Equity Offering Program

abrdn Global Premier Properties Fund (NYSE:AWP), a diversified, closed-end management investment company, has announced the launch of an "At-the-Market" (ATM) equity offering program. The Fund filed a prospectus supplement with the U.S. Securities and Exchange Commission (SEC) on January 23, 2025, under which it may offer and sell from time to time, in one or more at-the-market offerings, the Fund's common shares having an aggregate offering price of up to $27.5 million (the "ATM Program").

The ATM program allows the Fund to sell common shares at a price above the current net asset value (NAV) of such common shares, exclusive of any distributing commission or discount. This structure ensures that existing shareholders are not diluted, as shares are not sold below the current NAV. The Fund may not engage in any sales or any particular level of sales of common shares if shares are offered, and any proceeds raised would be used for investment purposes.



The Fund's shares may be offered directly to one or more purchasers, through agents designated from time to time by the Fund, or to or through underwriters or dealers. The prospectus supplement relating to the offering will identify any agents, underwriters, or dealers involved in the sale of Fund shares and will set forth any applicable purchase price, fee, commission, or discount arrangement between the Fund and its agents or underwriters, or among its underwriters, or the basis upon which such amount may be calculated. The Fund's shares may not be sold through agents, underwriters, or dealers without delivery of a prospectus supplement describing the method and terms of the particular offering of Fund shares.

Investors may request these documents free of charge from the Fund's website at www.abrdnawp.com or obtain these documents on the SEC's website at www.sec.gov.

The information in this press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance, or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

There can be no assurance that the Fund will achieve its investment objectives. The NAV of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations.

The Fund is a diversified, closed-end management investment company. The Fund seeks high current income and capital appreciation. The price of the Fund's common shares is determined by a number of factors, many of which are beyond the control of the Fund.

The Fund is advised by abrdn Investments Limited and sub-advised by abrdn Inco. The Fund's common shares trade on the NYSE under the symbol "AWP."

In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, and abrdn ETFs Advisors LLC.

Investors should consider the Fund's investment objectives, risks, charges, and expenses carefully before investing in the Fund. There is no assurance that the Fund will achieve its investment objective.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The 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 NAV of the fund's portfolio.

The announcement of AWP's $27.5 million at-the-market equity offering program warrants careful analysis from multiple angles. This financing mechanism represents a strategic approach to capital raising that balances flexibility with shareholder protection. The ATM program's structure incorporates several key investor safeguards, such as selling shares above NAV, minimizing market impact, and providing flexible timing to capitalize on favorable market conditions. This move comes amid challenging market conditions for real estate securities, suggesting that management sees opportunities to deploy capital effectively. Existing shareholders should monitor the execution of the offering carefully, as the fund's ability to invest proceeds effectively in the current market environment will be important for maintaining distribution levels and supporting long-term performance.