abrdn Global Premier Properties Fund sets up up to $27.5 million at-the-market share sale
On January 23, 2025, the fund entered a distribution agreement with ALPS Distributors to sell up to $27.5 million of common shares over time through at-the-market offerings, with UBS Securities as a sub-placement agent. Under the Investment Company Act, shares cannot be sold below net asset value, and the sales are made under an existing shelf registration.
- Maximum offering size is $27,500,000 of common shares of beneficial interest, sold from time to time through ALPS Distributors.
- Sub-placement agent agreement with UBS Securities LLC dated January 23, 2025.
- The fund may not sell shares below current net asset value, excluding any distributing commission or discount.
- Offering commenced January 23, 2025 under a prospectus supplement and a shelf registration (File No. 333-282296).