PHILADELPHIA, May 31, 2018 /PRNewswire/ -- Aberdeen Global
Dynamic Dividend Fund (NYSE: AGD) (the
"Fund"), a closed-end fund, today announced that it paid on
May 31, 2018, a distribution of
US$0.065 per share to all
shareholders of record as of May 23,
2018.
This is the first distribution being made to shareholders since
the transition, on May 4, 2018, of
the investment advisory agreement from Alpine Woods Capital
Investors, LLC to Aberdeen Asset Managers Limited. The Fund
changed its name from Alpine Global Dynamic Dividend Fund to
Aberdeen Global Dynamic Dividend Fund effective May 7, 2018 and continues to trade on the NYSE
under the symbol "AGD".
Commencing with the June 2018
distribution, the record date and payable date for the Fund will
change. Each monthly distribution will be declared on the seventh
business day and will be payable on or around the last business day
of the month, with the exception of the December distribution,
which will be declared on the seventh business day of December and
will be payable in January.
Under U.S. tax rules applicable to the Fund, the amount and
character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders.
The following table sets forth the estimated amounts of the
sources of the distribution for purposes of Section 19 of the 1940
Act and the Rules adopted thereunder. The table has been computed
based on generally accepted accounting principles. The table
includes estimated amounts and percentages for this distribution
and for the cumulative distributions paid relating to fiscal year
to date (11/01/2017 – 04/30/2018),
from the following sources: net investment income; net realized
short-term capital gains; net realized long-term capital gains; and
return of capital.
|
Estimated Amounts of
Current Distribution
per share
($)
|
Estimated Amounts of
Current Distribution
per share
(%)
|
Estimated Amounts of
Fiscal Year to Date Cumulative Distributions
per share
($)
|
Estimated Amounts of
Fiscal Year to Date Cumulative Distributions
per share
(%)
|
Net Investment
Income
|
$0.0650
|
100%
|
$0.4550
|
100%
|
Net Realized
Short-Term Capital Gains*
|
-
|
-
|
-
|
-
|
Net Realized
Long-Term Capital Gains
|
-
|
-
|
-
|
-
|
Return of
Capital
|
-
|
-
|
-
|
-
|
Total (per common
share)
|
$0.0650
|
100%
|
$0.4550
|
100%
|
*includes currency gains
The amounts and sources of distributions reported are only
estimates and are not being provided for tax reporting
purposes. The final determination of the source of all
distributions in 2018 will be made after year-end. The actual
amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund's investment experience during the remainder
of the fiscal year and may be subject to change based on tax
regulations. The Fund will send you a Form 1099-DIV for the
calendar year that will tell you how to report these distributions
for federal income tax purposes.
Circular 230 disclosure: To ensure compliance with requirements
imposed by the U.S. Treasury, we inform you that any U.S. tax
advice contained in this communication (including any attachments)
is not intended or written to be used, and cannot 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 addressed herein.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The 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 the Fund
will achieve its investment objective. Past performance does not
guarantee future results.
If you wish to receive this information
electronically, please contact
InvestorRelations@aberdeenstandard.com
aberdeenagd.com
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SOURCE Aberdeen Global Dynamic Dividend Fund