Abrdn's AGD and AOD funds raise distribution rate to 12% and adopt a managed distribution policy with monthly payouts.
Abrdn Global Dynamic Dividend Fund (AGD) and Total Dynamic Dividend Fund (AOD) have announced a 70% increase in their distribution rate to 12%, adopting a managed distribution policy. The policy will pay monthly distributions equal to 12% of the average daily net asset value (NAV) for the previous month. This change aims to provide a steady and sustainable cash distribution to shareholders and potentially reduce the funds' current discount to NAV. The policy will begin with distributions payable on August 30, 2024, and there is no assurance that the funds will achieve these results.
August 08, 2024
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