黑料网

STOCK TITAN

CORRECTION BY SOURCE: abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends acquisition

The abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced an update on its acquisition of assets from the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD). Key points include:

- MFD shareholders approved the reorganization
- Expected closing date: September 20, 2024
- MFD shares to cease trading on NYSE at market close on September 20, 2024
- MFD shareholders will receive newly issued ASGI shares
- Combined net assets post-reorganization: approximately $596 million
- Benefits: economies of scale, increased viability, enhanced liquidity, and marketability

The reorganization aims to create a larger, more efficient fund by combining assets and is subject to customary closing conditions.

Il Fondo di Reddito Globale per le Infrastrutture abrdn (NYSE:ASGI) ha annunciato un aggiornamento sulla sua acquisizione di beni dal Fondo di Reddito e Dividendi per Infrastrutture/Utilit脿 Macquarie/First Trust (NYSE:MFD). I punti principali includono:

- Gli azionisti di MFD hanno approvato la riorganizzazione
- Data prevista per la chiusura: 20 settembre 2024
- Le azioni di MFD smetteranno di essere negoziate in borsa il 20 settembre 2024 alla chiusura del mercato
- Gli azionisti di MFD riceveranno azioni di ASGI recentemente emesse
- Attivi netti combinati dopo la riorganizzazione: circa 596 milioni di dollari
- Vantaggi: economie di scala, maggiore sostenibilit脿, miglior liquidit脿 e commerciabilit脿

La riorganizzazione mira a creare un fondo pi霉 grande ed efficiente combinando beni ed 猫 soggetta a condizioni di chiusura consuete.

El Fondo de Ingresos por Infraestructura Global de abrdn (NYSE:ASGI) anunci贸 una actualizaci贸n sobre su adquisici贸n de activos del Fondo de Dividendos e Ingresos por Infraestructura/Utilidades Macquarie/First Trust (NYSE:MFD). Los puntos clave incluyen:

- Los accionistas de MFD aprobaron la reorganizaci贸n
- Fecha de cierre esperada: 20 de septiembre de 2024
- Las acciones de MFD dejar谩n de cotizar en la NYSE al cierre del mercado el 20 de septiembre de 2024
- Los accionistas de MFD recibir谩n acciones reci茅n emitidas de ASGI
- Activos netos combinados tras la reorganizaci贸n: aproximadamente $596 millones
- Beneficios: econom铆as de escala, mayor viabilidad, mejor liquidez y comercializabilidad

La reorganizaci贸n tiene como objetivo crear un fondo m谩s grande y eficiente al combinar activos y est谩 sujeta a condiciones de cierre habituales.

abrdn 旮搿滊矊 鞚疙攧霛 靾橃澋 韼霌 (NYSE:ASGI)臧赌 毵レ考毽/韻检姢韸 韸鸽煬鞀ろ姼 旮搿滊矊 鞚疙攧霛/鞙犿嫺毽嫲 氚半嫻 氚 靾橃澋 韼霌 (NYSE:MFD) 鞛愳偘 鞚胳垬鞐 雽頃 鞐呺嵃鞚错姼毳 氚滍憸頄堨姷雼堧嫟. 欤检殧 雮挫毄鞚 雼れ潓瓿 臧欖姷雼堧嫟:

- MFD 欤检<霌れ澊 鞛“歆侅潉 鞀轨澑頃
- 鞓堨儊 膦呺 雮犾: 2024雲 9鞗 20鞚
- 2024雲 9鞗 20鞚 鞁滌灔 毵堦皭 鞁 MFD 欤检嫕 瓯半灅 膦呺
- MFD 欤检<霌れ潃 靸堧 氚滍枆霅 ASGI 欤检嫕鞚 氚涥矊 霅╇媹雼
- 鞛“歆 頉 齑 靾滌瀽靷: 鞎 5鞏 9600毵 雼煬
- 鞚挫爯: 攴滊鞚 瓴届牅, 歆靻 臧赌電レ劚 歃濌岸, 鞙犽彊靹 頄レ儊 氚 鞁滌灔靹 臧滌劆

鞚措矆 鞛“歆侅潃 鞛愳偘鞚 瓴绊暕頃橃棳 雿 韥碃 須湪鞝侅澑 韼霌滊ゼ 毵岆摐電 瓴冹潉 氇╉憸搿 頃橂┌, 鞚茧皹鞝侅澑 膦呺 臁瓣贝鞐 霐半澕 歆勴枆霅╇媹雼.

Le Fonds de Revenus d'Infrastructure Mondiale abrdn (NYSE:ASGI) a annonc茅 une mise 脿 jour concernant son acquisition d'actifs du Fonds de Dividendes et de Revenus d'Infrastructure/Services publics Macquarie/First Trust (NYSE:MFD). Les points cl茅s incluent :

- Les actionnaires de MFD ont approuv茅 la r茅organisation
- Date de cl么ture pr茅vue : 20 septembre 2024
- Les actions de MFD ne seront plus n茅goci茅es 脿 la NYSE 脿 la cl么ture du march茅 le 20 septembre 2024
- Les actionnaires de MFD recevront des actions r茅cemment 茅mises d'ASGI
- Actifs nets combin茅s apr猫s r茅organisation : environ 596 millions de dollars
- Avantages : 茅conomies d'茅chelle, viabilit茅 accrue, meilleure liquidit茅 et commercialit茅

La r茅organisation vise 脿 cr茅er un fonds plus grand et plus efficace en combinant des actifs et est soumise 脿 des conditions de cl么ture habituelles.

Der abrdn Global Infrastructure Income Fund (NYSE:ASGI) hat ein Update zu seiner Akquisition von Verm枚genswerten des Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) bekannt gegeben. Zu den wichtigsten Punkten geh枚ren:

- MFD-Aktion盲re haben die Reorganisation genehmigt
- Voraussichtliches Abschlussdatum: 20. September 2024
- MFD-Aktien werden am 20. September 2024 zum Marktschluss nicht mehr an der NYSE gehandelt
- MFD-Aktion盲re erhalten neu ausgegebene ASGI-Anteile
- Kombinierte Nettomittel nach der Reorganisation: ungef盲hr 596 Millionen Dollar
- Vorteile: Skaleneffekte, erh枚hte Lebensf盲higkeit, verbesserte Liquidit盲t und Marktf盲higkeit

Die Reorganisation zielt darauf ab, einen gr枚脽eren, effizienteren Fonds durch die Kombination von Verm枚genswerten zu schaffen und unterliegt den 眉blichen Abschlussbedingungen.

Positive
  • Shareholders approved the reorganization, indicating support for the transaction
  • Combined net assets will increase to approximately $596 million, potentially leading to economies of scale
  • Expected benefits include increased viability, enhanced liquidity, and improved marketability of the fund
Negative
  • MFD shares will cease trading on NYSE, potentially affecting short-term liquidity for current shareholders

Please note the previous press release incorrectly referenced the First Trust/abrdn Global Opportunity Income Fund in the title instead of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD).

PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of , announces today that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) ("MFD" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ASGI ("Reorganization") which is expected to close at the close of business on September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

To facilitate the Reorganization, all shares of MFD are expected to cease trading on the New York Stock Exchange as of the market close on September 20, 2024, and MFD shareholders will be issued newly issued shares of ASGI. The Reorganization will occur based on the relative net asset values of the common shares of MFD. As of August 21, 2024, the combined net assets of ASGI following the Reorganization will be approximately $596 million.

The Reorganization is expected to benefit each fund's shareholders in a number of important ways, providing greater opportunities to realize economies of scale by combining the funds' assets resulting in a larger fund. Additionally, the Reorganization is expected to help ensure the viability of the resulting combined fund by increasing scale, liquidity and marketability of the fund.

Important Information

In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia 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.

If you wish to receive this information electronically, please contact Investor.Relations@abrdn.com

###

For More Information Contact:

abrdn U.S. Closed-End Funds
Investor Relations
1-800-522-5465
Investor.Relations@abrdn.com

SOURCE: abrdn Global Infrastructure Income Fund



View the original on accesswire.com

FAQ

When is the expected closing date for ASGI's acquisition of MFD's assets?

The expected closing date for ASGI's acquisition of MFD's assets is September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

What will happen to MFD shares after the reorganization with ASGI?

MFD shares are expected to cease trading on the New York Stock Exchange as of the market close on September 20, 2024. MFD shareholders will be issued newly issued shares of ASGI based on the relative net asset values of the common shares.

What are the expected benefits of the reorganization between ASGI and MFD?

The reorganization is expected to benefit shareholders by providing greater opportunities to realize economies of scale, ensuring the viability of the resulting combined fund, and increasing scale, liquidity, and marketability of the fund.

What will be the combined net assets of ASGI following the reorganization with MFD?

As of August 21, 2024, the combined net assets of ASGI following the reorganization with MFD are expected to be approximately $596 million.

abrdn Global Infrastructure Income Fund

NYSE:ASGI

ASGI Rankings

ASGI Latest News

ASGI Stock Data

496.39M
8.85M
0.01%
40.44%
0.18%
United States of America
Philadelphia