On April 1, 2026, abrdn Global Dynamic Dividend Fund (NYSE: AGD) announced that it has entered into an amended and restated distribution agreement with ALPS Distributors, Inc. This agreement allows the Fund to offer and sell up to $100 million of its common shares of beneficial interest through transactions deemed 'at the market' as defined under Rule 415 of the Securities Act of 1933. The Fund's ability to sell shares at or above the current net asset value is a critical aspect of this agreement, ensuring that the sales will not dilute existing shareholders' equity. The distribution agreement also permits ALPS Distributors to engage sub-placement agents, including UBS Securities LLC, to facilitate the sale of these shares. This strategic move is expected to enhance the Fund's liquidity and provide additional capital for investment opportunities, aligning with its growth strategy. The offering is being conducted under the Fund's effective shelf registration statement on Form N-2, previously filed with the SEC. The Fund's management believes that this initiative will positively impact its market presence and shareholder value in the long term.

Press Release distribution

National Press Distribution across U.S. Media. Direct Access to Key Decision Making Editors.