Abrdn Global Infrastructure Income Fund Sets Closing Date for Asset Acquisition

The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI) has announced that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) have approved the proposed reorganization into ASGI. The reorganization is slated to close on September 20, 2024, pending customary closing conditions.

To facilitate this transition, MFD shares will cease trading on the New York Stock Exchange at the market close on September 20, 2024. MFD shareholders will then receive newly issued ASGI shares based on the net asset values of MFD common shares. Combined net assets of ASGI post-reorganization are projected to be approximately $596 million as of August 21, 2024.

This reorganization is expected to benefit shareholders by achieving economies of scale, ensuring the viability of the combined fund, and increasing its scale, liquidity, and marketability.