DEF: Abrdn Funds to Hold Annual Shareholder Meetings to Elect Trustees

Abrdn Global Dynamic Dividend Fund, Abrdn Total Dynamic Dividend Fund, and Abrdn Global Premier Properties Fund will hold annual meetings on May 28, 2025, to elect two Class II Trustees for each fund.

Summary

• Abrdn Global Dynamic Dividend Fund (AGD), Abrdn Total Dynamic Dividend Fund (AOD), and Abrdn Global Premier Properties Fund (AWP) will hold their annual shareholder meetings on May 28, 2025.
• The meetings will take place at 9:00 a.m. Eastern Time at the offices of abrdn Inc. in Philadelphia.
• The primary purpose of the meetings is to elect two Class II Trustees for each fund to serve until the 2028 Annual Meeting.
• Shareholders of record as of April 7, 2025, are entitled to vote.
• The Board of Trustees recommends voting 'FOR' each nominee.
• The proxy materials were first mailed to shareholders on or about April 14, 2025.
• Shareholders can vote by mail, telephone, or internet.
• A quorum requires the presence of a majority of the outstanding shares of the respective Fund on the record date.
• AGD had 24,865,080.973 shares outstanding on the record date.
• AOD had 105,430,998.798 shares outstanding on the record date.
• AWP had 86,429,604.368 shares outstanding on the record date.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, indicating a neutral to slightly positive sentiment due to the routine nature of the corporate governance process.

Positives

• The document provides clear instructions for shareholders on how to vote.
• The Board of Trustees is recommending a clear course of action (voting 'FOR' the nominees).
• The document includes information about the qualifications and experience of the nominees.
• The document provides multiple avenues for shareholders to access proxy materials and vote (mail, phone, internet).

Future Outlook

The document outlines the process for electing trustees who will oversee the funds until the 2028 Annual Meeting, ensuring continued governance and management of the funds.

Industry Context

This announcement is a routine part of corporate governance for publicly traded investment funds. It ensures that shareholders have a voice in the election of trustees who oversee the funds' operations and protect their interests.

Comparison to Industry Standards

• The structure of the Board with a majority of independent trustees and an independent chair aligns with industry best practices for fund governance.
• The use of an audit committee and a nominating and corporate governance committee is standard practice for registered investment companies.
• The disclosure of trustee compensation and ownership of fund shares is consistent with regulatory requirements and promotes transparency.

Management Changes

Stakeholder Impact

• Shareholders have the opportunity to participate in the governance of the funds by voting on the election of trustees.
• The election of qualified trustees is intended to ensure the effective management and oversight of the funds, which benefits shareholders.
• The disclosure of information about the trustees and their compensation promotes transparency and accountability.

Next Steps

• Shareholders should review the proxy materials and vote on the election of trustees.
• The elected trustees will serve until the 2028 Annual Meeting of Shareholders.
• The Boards will continue to oversee the funds' operations and risk management.

Key Dates

Keywords

trustees, annual meeting, proxy statement, abrdn, shareholders, election, funds, AGD, AOD, AWP