PHILADELPHIA, Nov. 28, 2018 /PRNewswire/ -- Aberdeen Total
Dynamic Dividend Fund (NYSE: AOD) (the
"Fund"), a closed-end fund, today announced that it paid on
November 28, 2018, a distribution of
US$0.0575 per share to all
shareholders of record as of November 19,
2018 (ex-dividend date November
16, 2018).
The Fund changed its name from Alpine Total Dynamic Dividend
Fund to Aberdeen Total Dynamic Dividend Fund effective May 7, 2018 and continues to trade on the NYSE
under the symbol "AOD".
Your Fund's distribution policy is to provide investors with a
stable monthly distribution out of current income, supplemented by
realized capital gains and, to the extent necessary, paid-in
capital (the "Distribution Policy").
Under U.S. tax rules applicable to the Fund, the amount and
character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders.
The following table sets forth the estimated amounts of the
sources of the distribution for purposes of Section 19 of the 1940
Act and the Rules adopted thereunder. The table has been computed
based on generally accepted accounting principles. The table
includes estimated amounts and percentages for this distribution
from the following sources: net investment income; net realized
short-term capital gains; net realized long-term capital gains; and
return of capital. The estimated composition of the distributions
may vary from month to month because the estimated composition may
be impacted by future income, expenses and realized gains and
losses on securities and currencies.
|
Estimated Amounts of
Current Distribution
per share
($)
|
Estimated Amounts of
Current Distribution
per share
(%)
|
Estimated Amounts of
Fiscal Year to Date Cumulative Distributions
per share
($)
|
Estimated Amounts of
Fiscal Year to Date Cumulative Distributions
per share
(%)
|
Net Investment
Income
|
$0.0158
|
27%
|
$0.0158
|
27%
|
Net Realized
Short-Term Capital Gains*
|
$0.0004
|
1%
|
$0.0004
|
1%
|
Net Realized
Long-Term Capital Gains
|
-
|
-
|
-
|
-
|
Return of
Capital
|
$0.0413
|
72%
|
$0.0413
|
72%
|
Total (per common
share)
|
$0.0575
|
100%
|
$0.0575
|
100%
|
The Fund estimates that it has distributed more than its income
and capital gains; therefore, a portion of your distribution may be
a return of capital. A return of capital may occur for example,
when some or all of the money that you invested in the Fund is paid
back to you. A return of capital distribution does not necessarily
reflect the Fund's investment performance and should not be
confused with "yield" or "income."
As of October 31, 2018, after
giving effect to this payment, the Fund estimates it has a net
deficit of $391,872,000. A net
deficit results when the Fund has net unrealized losses that are in
excess of any net realized gains that have not yet been
distributed.
Shareholders should not draw any conclusions about the Fund's
investment performance from the amount of the Fund's current
distributions.
The amounts and sources of distributions reported are only
estimates and are not being provided for tax reporting
purposes. The final determination of the source of all
distributions in 2018 will be made after year-end. The actual
amounts and sources of the amounts for tax reporting purposes will
depend upon the Fund's investment experience during the remainder
of the fiscal year and may be subject to change based on tax
regulations. The Fund will send you a Form 1099-DIV for the
calendar year that will tell you how to report these distributions
for federal income tax purposes.
Circular 230 disclosure: To ensure compliance with requirements
imposed by the U.S. Treasury, we inform you that any U.S. tax
advice contained in this communication (including any attachments)
is not intended or written to be used, and cannot be used, for the
purpose of (i) avoiding penalties under the Internal Revenue Code
or (ii) promoting, marketing or recommending to another party any
transaction or matter addressed herein.
Aberdeen Standard Investments is a brand of the investment
businesses of Aberdeen Asset Management and Standard Life
Investments. In the United States,
Aberdeen Standard Investments is the marketing name for the
following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen
Standard Investments Australia Limited (formerly known as Aberdeen
Asset Management Ltd.), Aberdeen Standard Investments (Asia) Limited (formerly known as Aberdeen
Asset Management Asia Ltd.), Aberdeen Asset Capital Management,
LLC, Standard Life Investments (Corporate Funds) Ltd., and Standard
Life Investments (USA) Ltd.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment return and principal
value will fluctuate so that an investor's shares may be worth more
or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund's portfolio. There is no assurance that the Fund
will achieve its investment objective. Past performance does not
guarantee future results.
If you wish to receive this information electronically, please
contact Investor.Relations@aberdeenstandard.com
aberdeenaod.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/aberdeen-total-dynamic-dividend-fund-announces-payment-of-monthly-distribution-300757202.html
SOURCE Aberdeen Total Dynamic Dividend Fund