abrdn Global Infrastructure Income Fund completes $70 million rights offering
abrdn Global Infrastructure Income Fund announced that its transferable rights offering will issue about 3.58 million new common shares at a subscription price of $19.28 per share. The offering is expected to generate roughly $70 million in gross proceeds before expenses. The new shares are slated to be issued on or about October 22, 2026, once all shareholder payments are received and final processing is completed.
Why it matters
The fund says the capital will be used to make additional infrastructure investments, which could enhance future income and total return. The influx of $70 million may also affect the fund’s net asset value and the premium or discount at which its shares trade.
Key facts
- 1The offering will result in the issuance of approximately 3,582,068 common shares. prnewswire.com
- 2The final subscription price was set at $19.28 per common share. prnewswire.com
- 3Gross proceeds are expected to be about $70 million before offering expenses. prnewswire.com
- 4Shares are expected to be issued on or about October 22, 2026, pending final processing. prnewswire.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.