Abrdn Global Infrastructure Income Fund Updates on Asset Acquisition

Philadelphia, PA / ACCESSWIRE / August 22, 2024 - The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) have approved the proposed reorganization into ASGI. The reorganization is expected to close on September 20, 2024, or soon after, pending customary closing conditions.

All shares of MFD will cease trading on the NYSE at market close on September 20, 2024. MFD shareholders will receive newly issued ASGI shares. The reorganization will proceed based on the relative net asset values of MFD’s common shares. Post-reorganization, ASGI’s combined net assets will total approximately $596 million as of August 21, 2024.

This reorganization aims to benefit shareholders by providing opportunities for economies of scale and ensuring the viability of the combined fund through increased scale, liquidity, and marketability.