Abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA—June 11, 2024. abrdn U.S. Closed-End Funds (NYSE: ACP, AGD, AOD, ASGI, AWP, THQ, THW; NYSE American: AEF, FAX, FCO, VFL) have announced that several of their closed-end funds will distribute payments on June 28, 2024. Shareholders of record as of June 21, 2024, will receive these payments. This includes distributions from funds like the abrdn Income Credit Strategies Fund ($0.1000 per share) and abrdn Emerging Market Equity Income Fund ($0.1000 per share).

Investors will receive a Form 1099-DIV at the end of each calendar year, detailing the amount and composition of each distribution. These forms will also provide information regarding the appropriate tax treatment for the previous year. Notably, the sources of the distribution amounts—ranging from net investment income to the return of capital—were estimated using generally accepted accounting principles.

The disclosed distribution amounts should not lead investors to draw conclusions about any fund's investment performance. Further details about distribution compositions suggest a mix of income sources varying with each fund. For instance, abrdn Global Infrastructure Income Fund (ASGI) shows a distribution that is 59% return of capital and 22% net realized long-term gains.

The funds operate under a distribution policy aimed at offering stable returns through a blend of current income, capital gains, and, where necessary, paid-in capital. Investors are advised to consider the impact of this policy on net asset value (NAV) and market price. It may also affect overall investment activity, such as the required holding of larger cash positions.