PHILADELPHIA, PA — The board of trustees of the abrdn Global Infrastructure Income Fund (NYSE: ASGI) has approved a proposal to remove the fund’s term limit and convert it into a perpetual fund, pending shareholder approval.
The fund, launched in 2020 with a 15-year term set to end in July 2035, would eliminate its termination date under the proposed amendment to its governing documents.
If approved, the change would allow the fund to operate indefinitely, aligning its structure with long-duration infrastructure investments and providing greater flexibility in portfolio management, according to the fund.
The fund invests in both public and private infrastructure assets, including income-producing investments that are typically not available in public markets.
The board and the fund’s investment adviser, abrdn Inc., and sub-adviser, abrdn Investments Limited, said the proposed change would better match the long-term nature of these assets and support income generation over time.
The proposal also includes changes to the fund’s advisory fee structure. If approved, breakpoints would be introduced that could lower the net advisory fee at current asset levels and potentially reduce fees further as assets grow.
Shareholders of record as of March 16, 2026, are expected to vote on the proposal at a special meeting tentatively scheduled for May 27, 2026.
The fund said it will file a proxy statement with the U.S. Securities and Exchange Commission outlining the proposal, including potential benefits and risks. The document will be available at www.sec.gov and through the fund upon request.
Closed-end funds such as ASGI trade on exchanges and may trade at prices above or below their net asset value, with returns subject to market fluctuations.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.