Abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / September 30, 2024 / The abrdn U.S. Closed-End Funds (NYSE: ASGI, HQH, HQL, IFN, JEQ, THQ) (NYSE American: IAF) disclosed the distribution payments made on September 30, 2024. Shareholders of record as of September 23, 2024, received distributions on a per-share basis, with exceptions for several funds including HQH and HQL, among others, which had a record date of August 23, 2024.

The distribution amounts per share were as follows: ASGI - $0.2100, HQH - $0.5900, HQL - $0.4900, IAF - $0.1200, IFN - $0.4900, JEQ - $0.1200, and THQ - $0.1800. These payments are part of a broader strategy to provide stable distributions from current income supplemented by realized capital gains.

Automatic stock distributions were issued unless shareholders opted for cash. The reinvestment prices for these stock distributions were: HQH - $18.88, HQL - $15.36, IAF - $4.57, IFN - $18.28, and JEQ - $6.04. Fractional shares were settled in cash for certain accounts.

Under U.S. tax rules, distributable income amounts are finalized at the fiscal year's end. The following table outlines estimated distribution sources for the month and fiscal year to date: ASGI - $0.2100, HQH - $0.5900, HQL - $0.4900, IAF - $0.1200, IFN - $0.4900, JEQ - $0.1200, THQ - $0.1800.