Viably, the North American master distributor of Komptech equipment has introduced the Lacero horizontal grinder. This high-speed wood waste grinding machine is a significant addition to the company's innovative product line and is engineered to address the stringent requirements of the North American waste and recycling industry.
DENVER, CO / ACCESSWIRE / January 31, 2024 / Viably (formerly Komptech Americas), a forward-thinking waste management solutions company, is proud to announce the launch of the Komptech Lacero high-speed, horizontal grinder. The Lacero is the newest addition to Viably's product portfolio and was designed exclusively for the complex demands of the North American wood waste and organics recycling sector. The introduction of the Lacero reinforces Viably's commitment to delivering advanced technologies and solutions that increase profitable resource recovery.
The Komptech Lacero horizontal Grinder processing wood waste.
Komptech Lacero: Engineered for Efficiency
The Komptech Lacero fulfills the specialized needs of wood waste recyclers, mulch producers, logging and land clearing, and organics recycling companies. It is a robust machine that is precision-engineered and boasts a 41-inch diameter downswing drum powered by a CAT® C18 diesel engine and PT Tech clutch, providing up to 812 horsepower.
This tracked machine also has an optional 3-axle dolly system that allows for seamless on-road transport, making it flexible and functional. An integrated control system provides real-time diagnostics and a wireless remote control with a comprehensive machine status display for efficient use. The expansive feed hopper and innovative "Smart Grind" program control assure continuous and efficient material feed.
"The Viably team takes pride in being at the vanguard of delivering innovation to North America waste recyclers, and the Komptech Lacero stands testament to our aspirations," states Brandon Lapsys, President of Viably. "Working with the Komptech factory engineers to craft this machine reflects our commitment to excellence and our insights into the real-world needs of our clients on this continent. The Lacero is not just a product; it's a pivotal tool reshaping the waste processing landscape."
Customer-Centric Innovations
With over a decade of expertise in waste management solutions, Viably has developed a strong position in the North American waste and recycling market. Renowned for premium quality and revolutionary performance, Viably's equipment portfolio is a beacon of operational efficiency and sustainability, trusted by industry leaders across the continent. Companies seeking to enhance efficiency and drive their productivity forward in wood waste and organics recycling will find the Komptech Lacero to be an indispensable ally in operational success.
Conclusion
Learn more about the Komptech Lacero by visiting Viably's Lacero product page.
Contact Information
John Morgan Vice President of Marketing and Communications hello@thinkviably.com 720.890.9090
TAMPA, FL / ACCESSWIRE / January 31, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIP" or the "Company") issued 2,794,597 shares of its common stock in redemption of all 2,400,000 issued and outstanding shares of its Series A Preferred Stock (the "Redemption"). The shares of the Company's common stock issued in the Redemption were issued to the sole former holder of the Company's Series A Preferred Stock, Modiv Operating Partnership, L.P. ("Modiv OP"). The Company issued shares of its Series A Preferred Stock to Modiv OP in connection with its earlier disclosed portfolio acquisition from Modiv Industrial (NYSE:MDV) ("Modiv"). As previously announced by Modiv, on December 29, 2023, Modiv declared a stock distribution of the Company's shares to be issued pursuant to the Redemption on the Modiv common stock and the Modiv OP Class C units issued and outstanding as of January 17, 2024, with an estimated distribution date of January 31, 2024.
"As a result of the distribution by Modiv, we are thrilled to welcome approximately 4,500 new Shareholders to GIPR and expand our investor base. I'd like to personally greet everyone that is now an owner of both Modiv Industrial and GIPR, and assure you that we are highly committed to being a valuable investment for you and your families. As our name suggests, we take our responsibility of carrying a generational outlook very seriously, and we look forward to continuing that legacy growth" said David Sobelman, CEO of GIPR.
About Generation Income Properties
Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust focused on acquiring and managing income-producing retail, industrial and office properties net leased to high-quality tenants in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com.
Forward-Looking Statements:
This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "estimate," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control and which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that the distribution of the Company's shares issued pursuant to the Redemption will not occur when anticipated, or at all, as well as risks relating to general economic conditions, market conditions, interest rates, and other risks and uncertainties that are identified from time to in the Company's SEC filings, including those identified in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law.
TAMPA, FL / ACCESSWIRE / January 31, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIP" or the "Company") issued 2,794,597 shares of its common stock in redemption of all 2,400,000 issued and outstanding shares of its Series A Preferred Stock (the "Redemption"). The shares of the Company's common stock issued in the Redemption were issued to the sole former holder of the Company's Series A Preferred Stock, Modiv Operating Partnership, L.P. ("Modiv OP"). The Company issued shares of its Series A Preferred Stock to Modiv OP in connection with its earlier disclosed portfolio acquisition from Modiv Industrial (NYSE:MDV) ("Modiv"). As previously announced by Modiv, on December 29, 2023, Modiv declared a stock distribution of the Company's shares to be issued pursuant to the Redemption on the Modiv common stock and the Modiv OP Class C units issued and outstanding as of January 17, 2024, with an estimated distribution date of January 31, 2024.
"As a result of the distribution by Modiv, we are thrilled to welcome approximately 4,500 new Shareholders to GIPR and expand our investor base. I'd like to personally greet everyone that is now an owner of both Modiv Industrial and GIPR, and assure you that we are highly committed to being a valuable investment for you and your families. As our name suggests, we take our responsibility of carrying a generational outlook very seriously, and we look forward to continuing that legacy growth" said David Sobelman, CEO of GIPR.
About Generation Income Properties
Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust focused on acquiring and managing income-producing retail, industrial and office properties net leased to high-quality tenants in densely populated submarkets throughout the United States. Additional information about Generation Income Properties, Inc. can be found at the Company's corporate website: www.gipreit.com.
Forward-Looking Statements:
This press release, whether or not expressly stated, may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. The words "believe," "intend," "expect," "plan," "estimate," "should," "will," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These statements reflect the Company's expectations regarding future events and economic performance and are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements which are, in some cases, beyond the Company's control and which could have a material adverse effect on the Company's business, financial condition, and results of operations. These risks and uncertainties include the risk that the distribution of the Company's shares issued pursuant to the Redemption will not occur when anticipated, or at all, as well as risks relating to general economic conditions, market conditions, interest rates, and other risks and uncertainties that are identified from time to in the Company's SEC filings, including those identified in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which are available at www.sec.gov. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company's business, financial condition, and results of operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statement made by us herein speaks only as of the date on which it is made. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof, except as may be required by law.
CAMBRIDGE, MA / ACCESSWIRE / January 31, 2024 / Moderna, Inc. (NASDAQ:MRNA) today announced it has been recognized on Fortune's World's Most Admired Companies list as part of its "All-Star" top-50 companies. This annual list is considered one of the leading measures of corporate reputation among global organizations.
"We are honored to be recognized among the most admired companies in the world. This marks our first year on Fortune's esteemed list and builds on the recognition of our transformative platform technology," said Stéphane Bancel, Chief Executive Officer of Moderna. "We remain focused on being a company where people can do the best work of their lives as we advance our mission to deliver the greatest possible impact to people through mRNA medicines."
Moderna is committed to expanding the field of mRNA medicine into new frontiers, entering 2024 with 45 therapeutic and vaccine programs, nine of which are in late-stage development. This commitment is mirrored in its work to positively impact communities around the globe by promoting public health, access and equality. Moderna is consistently recognized for its investment in its people and innovation.
Since 1997, Fortune has collaborated with management consulting firm Korn Ferry to determine the 50 best-regarded companies, considering 1,500 candidates across 52 industries. This includessurveying more than 3,700 executives, directors and analysts, who are asked to rank enterprises in their own industry on nine criteria related to financial performance and corporate reputation, from investment value and quality of management and products to social responsibility and ability to attract talent.
Moderna is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.
Moderna's mRNA platform has enabled the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases and autoimmune diseases. With a unique culture and a global team driven by the Moderna values and mindsets to responsibly change the future of human health, Moderna strives to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.
PHILADELPHIA, PA / ACCESSWIRE / January 31, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI)(NYSE American:THQ, THW), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on January 31, 2024, on a per share basis to all shareholders of record as of January 24, 2024 (ex-dividend date January 23, 2024).
Ticker
Exchange
Fund
Amount
ASGI
NYSE
abrdn Global Infrastructure Income Fund
$ 0.1600
THQ
NYSE American
abrdn Healthcare Opportunities Fund
$ 0.1125
THW
NYSE American
abrdn World Healthcare Fund
$ 0.1167
Each Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.
Under applicable U.S. tax rules, the amount and character of distributable income for each Fund's fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related rules, the Funds may be required to indicate to shareholders the estimated source of certain distributions to shareholders.
The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions paid this month as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.
The Funds' estimated sources of the current distribution paid this month and for its current fiscal year to date are as follows:
Estimated Amounts of Current Distribution per Share
Fund
Distribution Amount
Net Investment Income
Net Realized Short-Term Gains**
Net Realized Long-Term Gains
Return of Capital
ASGI
$0.1600
$0.0112
7%
-
-
$0.1152
72%
$0.0336
21%
THQ
$0.1125
-
-
-
-
$0.0023
2%
$0.1102
98%
THW
$0.1167
-
-
-
-
-
-
$0.1167
100%
Estimated Amounts of Fiscal Year* to Date Cumulative Distributions per Share
Fund
Distribution Amount
Net Investment Income
Net Realized Short-Term Gains **
Net Realized Long-Term Gains
Return of Capital
ASGI
$0.5200
$0.0364
7%
-
-
$0.3744
72%
$0.1092
21%
THQ
$0.4500
-
-
-
-
$0.0090
2%
$0.4410
98%
THW
$0.4668
-
-
-
-
-
-
$0.4668
100%
* ASGI, THQ and THW have a 9/30 fiscal year end.
**includes currency gains
Where the estimated amounts above show a portion of the distribution to be a "Return of Capital," it means that Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all the money that you invested in a Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes.
The following table provides the Funds' total return performance based on net asset value (NAV) over various time periods compared to the Funds' annualized and cumulative distribution rates.
Fund Performance and Distribution Rate Information
Fund
Average Annual Total Return on NAV for the 5 Year Period Ending 12/31/2023¹
Current Fiscal Period's Annualized Distribution Rate on NAV
Cumulative Total Return on NAV¹
Cumulative Distribution Rate on NAV²
ASGI³
8.81%3
6.84%
12.29%
1.71%
THQ
10.34%
6.37%
7.41%
1.59%
THW
9.00%
11.68%
5.44%
2.92%
1 Return data is net of all Fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.
2 Based on the Fund's NAV as of December 31, 2023.
3 The Fund launched within the past 5 years; the performance and distribution rate information presented reflects data from inception (July 29, 2020) through December 31, 2023.
Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy").
While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Funds may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b-1 thereunder. Therefore, distributions paid by the Funds during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Funds, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received.
The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund's net assets. A decrease in the Fund's net assets may cause an increase in the Fund's annual operating expense ratio and a decrease in the Fund's market price per share to the extent the market price correlates closely to the Fund's net asset value per share. The Distribution Policy may also negatively affect the Fund's investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the distribution. Each Fund's Board has the right to amend, suspend or terminate the Distribution Policy at any time. The amendment, suspension or termination of the Distribution Policy may affect the Fund's market price per share. Investors should consult their tax advisor regarding federal, state and local tax considerations that may be applicable in their particular circumstances.
Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, abrdn Private Equity (Europe) Limited, and abrdn ETFs Advisors LLC.
Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.
PHILADELPHIA, PA / ACCESSWIRE / January 31, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI)(NYSE American:THQ, THW), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on January 31, 2024, on a per share basis to all shareholders of record as of January 24, 2024 (ex-dividend date January 23, 2024).
Ticker
Exchange
Fund
Amount
ASGI
NYSE
abrdn Global Infrastructure Income Fund
$ 0.1600
THQ
NYSE American
abrdn Healthcare Opportunities Fund
$ 0.1125
THW
NYSE American
abrdn World Healthcare Fund
$ 0.1167
Each Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.
Under applicable U.S. tax rules, the amount and character of distributable income for each Fund's fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related rules, the Funds may be required to indicate to shareholders the estimated source of certain distributions to shareholders.
The following tables set forth the estimated amounts of the sources of the distributions for purposes of Section 19 of the 1940 Act and the rules adopted thereunder. The tables have been computed based on generally accepted accounting principles. The tables include estimated amounts and percentages for the current distributions paid this month as well as for the cumulative distributions paid relating to fiscal year to date, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated compositions of the distributions may vary because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.
The Funds' estimated sources of the current distribution paid this month and for its current fiscal year to date are as follows:
Estimated Amounts of Current Distribution per Share
Fund
Distribution Amount
Net Investment Income
Net Realized Short-Term Gains**
Net Realized Long-Term Gains
Return of Capital
ASGI
$0.1600
$0.0112
7%
-
-
$0.1152
72%
$0.0336
21%
THQ
$0.1125
-
-
-
-
$0.0023
2%
$0.1102
98%
THW
$0.1167
-
-
-
-
-
-
$0.1167
100%
Estimated Amounts of Fiscal Year* to Date Cumulative Distributions per Share
Fund
Distribution Amount
Net Investment Income
Net Realized Short-Term Gains **
Net Realized Long-Term Gains
Return of Capital
ASGI
$0.5200
$0.0364
7%
-
-
$0.3744
72%
$0.1092
21%
THQ
$0.4500
-
-
-
-
$0.0090
2%
$0.4410
98%
THW
$0.4668
-
-
-
-
-
-
$0.4668
100%
* ASGI, THQ and THW have a 9/30 fiscal year end.
**includes currency gains
Where the estimated amounts above show a portion of the distribution to be a "Return of Capital," it means that Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all the money that you invested in a Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions for the current year will only be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. After the end of each calendar year, a Form 1099-DIV will be sent to shareholders for the prior calendar year that will tell you how to report these distributions for federal income tax purposes.
The following table provides the Funds' total return performance based on net asset value (NAV) over various time periods compared to the Funds' annualized and cumulative distribution rates.
Fund Performance and Distribution Rate Information
Fund
Average Annual Total Return on NAV for the 5 Year Period Ending 12/31/2023¹
Current Fiscal Period's Annualized Distribution Rate on NAV
Cumulative Total Return on NAV¹
Cumulative Distribution Rate on NAV²
ASGI³
8.81%3
6.84%
12.29%
1.71%
THQ
10.34%
6.37%
7.41%
1.59%
THW
9.00%
11.68%
5.44%
2.92%
1 Return data is net of all Fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.
2 Based on the Fund's NAV as of December 31, 2023.
3 The Fund launched within the past 5 years; the performance and distribution rate information presented reflects data from inception (July 29, 2020) through December 31, 2023.
Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy").
While NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Pursuant to an exemptive order granted by the Securities and Exchange Commission, the Funds may distribute any long-term capital gains more frequently than the limits provided in Section 19(b) under the 1940 Act and Rule 19b-1 thereunder. Therefore, distributions paid by the Funds during the year may include net income, short-term capital gains, long-term capital gains and/or a return of capital. Net income dividends and short-term capital gain dividends, while generally taxable at ordinary income rates, may be eligible, to the extent of qualified dividend income earned by the Funds, to be taxed at a lower rate not to exceed the maximum rate applicable to your long-term capital gains. Distributions made in any calendar year in excess of investment company taxable income and net capital gain are treated as taxable ordinary dividends to the extent of undistributed earnings and profits, and then as a return of capital that reduces the adjusted basis in the shares held. To the extent return of capital distributions exceed the adjusted basis in the shares held, capital gain is recognized with a holding period based on the period the shares have been held at the date such amount is received.
The payment of distributions in accordance with the Distribution Policy may result in a decrease in the Fund's net assets. A decrease in the Fund's net assets may cause an increase in the Fund's annual operating expense ratio and a decrease in the Fund's market price per share to the extent the market price correlates closely to the Fund's net asset value per share. The Distribution Policy may also negatively affect the Fund's investment activities to the extent that the Fund is required to hold larger cash positions than it typically would hold or to the extent that the Fund must liquidate securities that it would not have sold, for the purpose of paying the distribution. Each Fund's Board has the right to amend, suspend or terminate the Distribution Policy at any time. The amendment, suspension or termination of the Distribution Policy may affect the Fund's market price per share. Investors should consult their tax advisor regarding federal, state and local tax considerations that may be applicable in their particular circumstances.
Circular 230 disclosure: To ensure compliance with requirements imposed by the U.S. Treasury, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.
In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, abrdn Asia Limited, abrdn Private Equity (Europe) Limited, and abrdn ETFs Advisors LLC.
Closed-end funds are traded on the secondary market through one of the stock exchanges. A Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a Fund will achieve its investment objective. Past performance does not guarantee future results.
