Abrdn global dynamic dividend fund (agd) and abrdn total dynamic dividend fund (aod) announce 70% increase in distribution rate and adoption of a 12% managed distribution policy

Philadelphia, pa / accesswire / august 8, 2024 / abrdn global dynamic dividend fund (nyse:agd) and abrdn total dynamic dividend fund (nyse:aod) (collectively, the "funds") each, a closed-end management investment company, announced today its board of trustees (each a "board" and collectively, the "boards") have each approved the implementation of a managed distribution policy which will pay monthly, 12% of the average daily nav for the previous month as of the month-end prior to declaration ("managed distribution policy"). the new managed distribution policy will commence with the distributions payable on august 30, 2024, to all shareholders of record as of august 23, 2024 (ex-dividend date august 23, 2024).
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