abrdn Global Infrastructure Income Fund Announces Transferable Rights Offering Terms
abrdn Global Infrastructure Income Fund (ASGI) has announced its Board of Trustees has approved the terms for the issuance of transferable rights. Shareholders will be offered the opportunity to subscribe for additional fund shares.
abrdn Global Infrastructure Income Fund (NYSE: ASGI) announced today that its Board of Trustees has approved the terms for the issuance of transferable rights. These rights will be offered to the Fund's common shareholders, allowing them to subscribe for additional shares.
The offering is designed to provide existing shareholders with an opportunity to increase their stake in the fund at a predetermined price. The specific terms, including the subscription price and the ratio of rights to shares, are to be detailed in a forthcoming mailing to shareholders.
The fund, which invests in global infrastructure assets, aims to provide income and capital appreciation. The rights offering may facilitate the raising of additional capital for new investments or the development of existing projects.