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

The abrdn Global Infrastructure Income Fund (NYSE: ASGI) and the abrdn Income Credit Strategies Fund (NYSE: ACP) have announced their respective distribution payments. Both funds will pay distributions on a per-share basis on September 30, 2024, to all shareholders of record as of September 20, 2024.

ASGI's distribution is set at $0.2100 per share, while ACP's is $0.1000 per share. These amounts are determined based on an exemptive order from the SEC allowing distribution from current income, realized capital gains, and paid-in capital. A Form 1099-DIV will be issued at the end of the year to detail the distribution amounts and tax implications.

The estimated sources of the ASGI distributions include 14% net investment income, 30% net realized long-term gains, and 56% return of capital. For shareholders receiving these payments, it is important to note that returns of capital do not necessarily indicate the fund's investment performance. Tax reporting will finalize the exact composition at the end of the fiscal year.