abrdn US Closed-end Funds An

abrdn Global Infrastructure Income Fund (“ASGI”)

abrdn Asia-Pacific Income Fund, Inc. (“FAX”)

PHILADELPHIA, PA/ACCESSWIRE/July 29, 2022/ The above stated abrdn US Closed-End Funds (the “Funds” or individually the “Fund”), today announced that the Funds paid the distributions shown in the table below on July 29, 2022, on a per share basis, to all shareholders of record as of July 22, 2022. July 2022 (ex-dividend July 21, 2022).

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ASGI NYSE abrdn Global Infrastructure Income Fund $0.1200
FAX American NYSE abrdn Asia-Pacific Income Fund, Inc. $0.0275

Each Sub-Fund has adopted a distribution policy to provide investors with a stable distribution from current income, supplemented by realized capital gains and, to the extent necessary, paid-up capital.

Under applicable US tax rules, the amount and nature of distributable income for each Sub-Fund’s fiscal year cannot be finalized until the end of the Sub-Fund’s fiscal year. However, under section 19 of the Investment Companies Act 1940, as amended (the “1940 Act”) and related rules, Funds may be required to disclose to shareholders the estimated source certain distributions to shareholders.

The following tables set out the estimated amounts of the sources of distributions for the purposes of section 19 of the 1940 Act and the rules adopted thereunder. The tables have been calculated on the basis of generally accepted accounting principles. The tables include estimated amounts and percentages for current distributions paid this month as well as cumulative distributions paid for the year to date, from the following sources: net investment income; net short-term realized capital gains; long-term net realized capital gains; and repayment of capital. The estimated compositions of the distributions may vary because the estimated composition may be affected by future income, expenses and realized gains and losses on securities and currencies.

Each Fund’s estimated sources of current distribution paid this month and for its current year to date are as follows:

Estimated current distribution amounts per share

Funds*

Distribution amount

Net investment income

Short-term net realized gains**

Long-term net realized gains

Principal repayment

ASGI

$0.1200

$0.0156

13%

$0.0072

6%

$0.0972

81%

FAX

$0.0275

$0.0158

57%

$0.0117

43%

Estimated amounts for the year* to date Cumulative distributions per share

Funds

Distribution amount

Net investment income

Short-term net realized gains**

Long-term net realized gains

Principal repayment

ASGI

$1.1298

$0.1469

13%

$0.0678

6%

$0.9151

81%

FAX

$0.2475

$0.1412

57%

$0.1063

43%

* ASGI has a 9/30 year-end; FAX has a year-end on 10/31.

**includes foreign exchange gains

Where the estimated amounts above indicate that part of the distribution is a “return of capital”, this means that the Fund believes it has distributed more than its income and capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in a Fund is returned to you. A return of capital distribution does not necessarily reflect the investment performance of the Fund and should not be confused with “yield” or “income”.

The amounts and sources of distributions set forth in this notice are estimates only and are not provided for tax reporting purposes. The final determination of the source of all distributions for the current year will not be made until after the end of the year. Actual amounts and sources of amounts for tax reporting purposes will depend on the investment experience of the Fund over the remainder of the financial year and may be subject to change depending on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the previous calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table shows the Funds’ total return based on Net Asset Value (NAV) over various time periods compared to the Funds’ annualized and cumulative distribution rates.

Information on fund performance and distribution rates

Funds

Average annual total return on net asset value for the 5-year period ending 06/30/2022¹

Current Fiscal Period Annualized Distribution Rate on Net Asset Value

Cumulative Total Return on Net Asset Value¹

Cumulative distribution rate on NAV²

ASGI²

8.24%3

6.61%

-2.07%

4.87%

FAX²

-1.15%

9.79%

-17.95%

6.53%

1 Performance data is net of all Fund fees and expenses and assumes the reinvestment of all reinvested distributions at prices earned under the Fund’s dividend reinvestment plan.

2 Based on the net asset value of the Fund as of June 30, 2022.

3 The Fund was launched within the last 5 years; performance and payout information shown reflects data since inception (July 29, 2020) through June 30, 2022.

Shareholders should not draw any conclusions about the investment performance of a Sub-Fund from the amount of the Sub-Fund’s current distributions or the terms of the distribution policy (the “Distribution Policy”).

Although the performance of the net asset value may be indicative of the investment performance of the Fund, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the market price of the Fund, which is based on the supply and demand for shares of the Fund in the open market.

Pursuant to an exemption order granted by the Securities and Exchange Commission, the Funds may distribute long-term capital gains more frequently than the limits provided in section 19(b) of the 1940 Act and the rule 19b-1 thereunder. Accordingly, distributions paid by the Funds during the year may include net income, short-term capital gains, long-term capital gains and/or return of capital. Net income dividends and short-term capital gains dividends, although generally taxable at ordinary income rates, may be eligible, to the extent of qualifying dividend income earned by the Funds, to be taxed at a lower rate not exceeding the maximum rate applicable to your long-term capital gains. Distributions made in a calendar year in excess of the investment company’s taxable income and net capital appreciation are treated as taxable ordinary dividends to the extent of profits and retained earnings, then as a refund of capital which reduces the adjusted base of shares held. To the extent that return of capital distributions exceed the adjusted basis for shares held, the capital gain is recognized with a holding period based on the period the shares have been held to the date such amount is received.

The payment of distributions in accordance with the distribution policy may result in a reduction in the net assets of the Fund. A decrease in the net assets of the Fund may cause the annual operating expense ratio of the Fund to increase and the market price per share of the Fund to decrease as the market price is closely correlated to the net asset value by Fund shares. The distribution policy may also adversely affect the investment activities of the Fund to the extent that the Fund is required to hold more cash than it would ordinarily hold or to the extent that the Fund is required to liquidate securities that he would not have sold, in order to pay the distribution. The board of directors of each fund has the right to modify, suspend or terminate the distribution policy at any time. Modification, suspension or termination of the distribution policy may affect the market price per share of the Fund. Investors should consult their tax advisor regarding federal, state and local tax considerations that may apply to their particular situation.

Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we advise you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written for use, and may not be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter discussed herein.

In the United States, abrdn is the trading name of the following affiliated and registered investment advisers: abrdn Inc., Aberdeen Asset Managers Ltd., abrdn Australia Limited, abrdn Asia Limited, Aberdeen Capital Management, LLC, abrdn ETFs Advisors LLC and Aberdeen Standard Alternative funds limited.

Closed-end funds are traded on the secondary market through one of the exchanges. The investment return and capital value of a Fund will fluctuate so that an investor’s shares may be worth more or less than the original cost. Closed-end fund stocks can trade above (a premium) or below (a discount)

the net asset value (NAV) of the fund’s portfolio. There can be no assurance that a Sub-Fund will achieve its investment objective. Past performance does not guarantee future results.

If you wish to receive this information electronically, please contact [email protected]

https://www.abrn.com/en-us/cefinvestorcenter/fund-centre/closed-end-funds

For more information contact:

abrdn US Closed-End Funds
Investor Relations
1-800-522-5465
[email protected]

THE SOURCE: abrdn US Closed-End Funds

See the source version on accesswire.com:
https://www.accesswire.com/710282/abrn-US-Closed-end-Funds-Announce-Distribution-Payment-Details

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