abrdn Global Dynamic Dividend Fund launches $25M at-the-market offering; portfolio manager departs

abrdn Global Dynamic Dividend Fund

Entered distribution agreement with ALPS Distributors for at-the-market offering of up to $25M in common shares.
UBS Securities LLC named sub-placement agent under separate agreement dated Nov 21, 2025.
Offering commenced Nov 21, 2025 under shelf registration (File 333-290833).
Ruairidh Finlayson left as portfolio manager effective Aug 1, 2025; replaced by Josh Duitz, Martin Connaghan, Andrew Kohl.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

abrdn Global Dynamic Dividend Fund entered into Distribution Agreement with ALPS Distributors, Inc. valued at up to $25,000,000 (effective 2025-11-21).

Action: entry
Agreement: atm program
Counterparty: ALPS Distributors, Inc.
Value: up to $25,000,000
Effective: 2025-11-21

Exact text from the filing

On November 21, 2025, abrdn Global Dynamic Dividend Fund (NYSE: AGD) (the “Fund”) entered into a distribution agreement (the “Distribution Agreement”) with ALPS Distributors, Inc. (the “Distributor”), pursuant to which the Fund may offer and sell up to $25,000,000 of common shares of beneficial interest with no par value (“Common Shares”), from time to time through the Distributor, in transactions deemed to be “at the market” as defined in Rule 415 under the Securities Act of 1933, as amended (the “Offering”).

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Source: SEC EDGAR

accession 0001104659-25-115015

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