Philadelphia, Pennsylvania / Getting to Newzor / January 23, 2025 / Abrdn Global Premier Properties Fund (NYSE:) (the “Fund”), a closed-end fund, announced that it filed with the U.S. Securities and Exchange Commission (“SEC” on January 23, 2025 a registration statement pursuant to which it may file and sell from time to time, in single or More on the market, the Fund's common shares have an aggregate price of up to $27.5 million (the “A™ Program”).
The Fund may not sell any Common Shares at a price less than the Net Asset Value (“NAV”) of such Common Shares, excluding any commission or distribution discount. There can be no assurance that the Fund will participate in any sales or any particular level of sales of common shares, if shares are offered. It is expected that any proceeds raised will be used for investment purposes.
An investor should read the Fund's prospectus and prospectus supplement carefully before investing in the Fund. Shares of the Fund may be offered directly to one or more purchasers, through agents appointed from time to time by the Fund, or to or through underwriters or dealers. A prospectus supplement relating to the Offers will identify any agents, underwriters or dealers involved in the sale of shares of the Funds, and will set forth any purchase price, fee, commission or discount between us and our agents or underwriters, or between our underwriters, or the basis on which such amount may be calculated. Shares of the Fund may not be sold through agents, underwriters or dealers without delivery of issue supplements describing the manner and terms of the private offering of shares of the Fund.
Investors may request these documents free of charge from the Fund's website at www.abrdnawp.com or obtain these documents on the SEC's website at www.sec.gov.
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The information contained in this press release is for informational purposes only and shall not constitute an offer to sell, a solicitation of an offer to sell, a solicitation of an offer to buy any securities or the solicitation of any vote or approval in any jurisdiction or in connection with the proposed transaction or otherwise, nor shall there be any Any sale, issue or transfer of securities in any jurisdiction in violation of applicable law. No offer of securities may be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Exchange Act of 1933, as amended.
There can be no assurance that the Fund will achieve its investment objectives. The Fund's NAV will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade at their market value, not NAV, and closed-end funds often trade at a discount to NAV. Past performance is not indicative of future performance. An investment in the Fund is subject to certain risks and other considerations.
The Fund is a diversified, closed-end investment company with management. The fund looks for appreciation in current income and capital appreciation. The price of a Fund's common shares is determined by a number of factors, many of which are beyond the Fund's control.
The Fund is advised by ABRDN Investments Limited and Sub-Subsisted by ABRDN Inco. The Fund's common shares trade on the New York Stock Exchange under the symbol “AWP.”
In the United States, ABRDN is the marketing name for the following affiliated investment advisors: ABRDN Inc. ABRDN Investments Limited, ABRDN Asia Limited and ABRDN ETFS Advisors LLC.
Investors should consider the Fund's objectives, risks, charges and expenses carefully before investing in the Fund. There is no assurance that the Fund will achieve its investment objective.
Closed-end funds are traded on the secondary market through an exchange. The fund's investment return and principal value will fluctuate such that an investor's shares are worth more or less than their original cost. Shares of closed-end funds may trade above (premium) or below (discount) the fund's portfolio.
abrdnawp.com
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For more information, contact:
ABRDN Inc.
Investor relations
800-522-5465
investor.relations@abrdn.com
source: ABRDN Global Premier Properties Fund
View the original press release on Access Newswire
