abrdn Total Dynamic Dividend Fund sets up up-to-$75 million at-the-market share sale program
The closed-end fund entered into a distribution agreement with ALPS Distributors allowing it to sell up to $75 million of common shares over time through the market, and began the offering on August 25, 2026. Shares may not be sold below net asset value, and the Fund pays the distributor a 1.00% commission on gross sales, so new share issuance could dilute existing holders.
Key points
- Program size: up to $75,000,000 of common shares with no par value, offered at the market through ALPS Distributors, Inc.
- Sub-placement agent UBS Securities LLC was engaged under a sub-placement agreement dated August 25, 2026.
- The Fund pays the distributor a commission equal to 1.00% of gross sales price per share sold.
- Offering made under a prospectus supplement dated August 25, 2026 and a base prospectus dated August 7, 2026 on Form N-2 (File No. 333-298123).
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.