Abrdn U.S. Closed-End Funds Announce March Distribution Payments

On March 28, 2024, the Abrdn U.S. Closed-End Funds identified by tickers ASGI, HQH, HQL, IFN, JEQ, THQ, THW, and IAF announced the distribution of funds to shareholders on record as of March 21, 2024, with the ex-dividend date on March 20, 2024. Exceptions were noted for funds HQH, HQL, IAF, IFN, and JEQ, which had February 22, 2024, as the record date and February 21, 2024, as the ex-dividend date. These distributions vary per share across the funds.

The distributions are intended as a stable flow of income, supplemented by realized capital gains and, if necessary, paid-in capital. For certain funds, distributions could be received in newly issued shares unless cash distributions were requested before specific deadlines. The reinvestment of shares was determined based on the lower of the net asset value or the market price per share as of March 19, 2024.

Regarding the financial characteristics of these distributions, a detailed breakdown revealed proportions of net investment income, realized short and long-term gains, and return of capital. This distribution structure might lead to varying tax implications for shareholders, detailed future reports after the fiscal year's close.

In addition, performance data illustrated different annual total return rates based on net asset value, and distribution rate comparisons over varying periods. Notably, these figures reveal insights into each fund's performance and strategy concerning shareholder value and income distribution.