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

PHILADELPHIA, PA / ACCESSWIRE / August 9, 2024 / abrdn U.S. Closed-End Funds, listed on the NYSE and NYSE American exchanges, have announced distribution details for shareholders. Funds such as abrdn Healthcare Investors (HQH), abrdn Life Sciences Investors (HQL), and others will distribute earnings on a per-share basis on August 30, 2024, for shareholders of record as of August 23, 2024.

Funds like HQH, HQL, and the abrdn Australia Equity Fund (IAF) will issue distributions on September 30, 2024. For these funds, stock distributions will be automatically paid in newly issued shares unless shareholders request cash instead. Remaining funds will follow the initial distribution schedule.

Each Fund's distribution includes contributions from net investment income, realized capital gains, and return of capital. The exact composition and tax implications will be finalized at the fiscal year's end, with Forms 1099-DIV sent to shareholders for accurate reporting.