ABRDN U.S. CLOSED-END FUNDS (NASDAQ:ASGI) abrdn's U.S. Closed-End Funds Announce Closing of Reorganizations

Transparency directive : regulatory news

13/03/2023 12:45

PHILADELPHIA, PA / ACCESSWIRE / March 13, 2023 / The Board of Trustees of each of abrdn Income Credit Strategies Fund ("ACP"), abrdn Global Dynamic Dividend Fund ("AGD") and abrdn Global Infrastructure Income Fund ("ASGI") (together the "Acquiring Funds") completed the reorganizations of the respective Acquired Funds, listed below, after close of regular business on March 10, 2023.

In the reorganizations, common shareholders of each Acquired Fund, respectively, received an amount of Acquiring Fund common shares with a net asset value equal to the aggregate net asset value of their holdings of the relevant Acquired Fund common shares, as determined at the close of regular business on March 10, 2023.

Relevant details pertaining to the reorganizations are as follows:

Acquiring FundWebsite for additional informationAcquired Fund

Acquiring Fund NAV per Share ($)


Conversion Ratio

ACPabrdnacp.comDelaware Ivy High Income Opportunities Fund ("IVH")



AGDabrdnagd.comDelaware Enhanced Global Dividend and Income Fund ("DEX")



Delaware Investments® Dividend and Income Fund, Inc. ("DDF")



ASGIabrdnasgi.comMacquarie Global Infrastructure Total Return Fund Inc. ("MGU")



There are no proposed changes to the current investment objective, strategies, structure or policies of the Acquiring Funds, including each Fund's monthly distribution policy as a result of the applicable reorganization.

We welcome the Delaware Funds by Macquarie and Macquarie Funds shareholders to the abrdn Fund family. As a leading global asset manager, abrdn is dedicated to creating long-term value for our clients. As of December 31, 2022, we manage over $450 billion in assets on behalf of institutional and retail clients worldwide. We believe that our global footprint ensures that we are always close to our clients and the challenges they face. For more information on the abrdn range of open-end and closed-end mutual funds please visit abrdn.com/us.

Important Information

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

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.

Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Acquiring 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 net asset value (NAV) of the fund's portfolio. There is no assurance that each Acquiring Fund will achieve its investment objective. Past performance does not guarantee future results.



For More Information Contact:

abrdn U.S. Closed-End Funds
Investor Relations

SOURCE: abrdn U.S. Closed-End Funds

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