PHILADELPHIA,
Jan. 10, 2019 /PRNewswire/
-- Aberdeen Total Dynamic Dividend Fund
(NYSE: AOD) (the "Fund"), a closed-end
fund, today announced that it paid on January 10, 2019, a distribution of
US$0.0575 per
share to all shareholders of record as of December 31, 2018 (ex-dividend date December 28, 2018).
The Fund changed its name from Alpine Total Dynamic
Dividend Fund to Aberdeen Total Dynamic Dividend Fund effective
May 7, 2018 and continues to trade on
the NYSE under the symbol
"AOD".
Your Fund's distribution policy is to provide investors
with a stable monthly distribution out of current income,
supplemented by realized capital gains and, to the extent
necessary, paid-in capital (the "Distribution Policy").
Under U.S. tax rules applicable to the Fund, the amount
and character of distributable income for each fiscal year can be
finally determined only as of the end of the Fund's fiscal year.
However, under Section 19 of the Investment Company Act of 1940, as
amended (the "1940 Act") and related Rules, the Fund may be
required to indicate to shareholders the source of certain
distributions to shareholders.
The following table sets forth the estimated amounts of
the sources of the distribution for purposes of Section 19 of the
1940 Act and the Rules adopted thereunder. The table has been
computed based on generally accepted accounting principles. The
table includes estimated amounts and percentages for this
distribution and for the cumulative distributions paid relating to
fiscal year to date (11/01/2018 –
12/31/2018), from the following sources: net investment income; net
realized short-term capital gains; net realized long-term capital
gains; and return of capital. The estimated
composition of the distributions may vary from month to month
because the estimated composition may be impacted by future income,
expenses and realized gains and losses on securities and
currencies.
|
Estimated
Amounts of
Current
Distribution
per share
($)
|
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
|
$0.0236
|
41%
|
$0.0471
|
41%
|
Net Realized
Short-
Term Capital
Gains*
|
-
|
-
|
-
|
-
|
Net Realized
Long-
Term Capital Gains
|
-
|
-
|
-
|
-
|
Return of
Capital
|
$0.0339
|
59%
|
$0.0679
|
59%
|
Total (per common
share)
|
$0.0575
|
100%
|
$0.1150
|
100%
|
*includes currency
gains
|
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."
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 Standard Life Aberdeen plc, its affiliates and
subsidiaries. In the United
States, Aberdeen Standard Investments is the marketing name
for the following affiliated, registered investment advisers:
Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd.,
Aberdeen Standard Investments Australia Ltd., Aberdeen Standard
Investments (Asia) Ltd., Aberdeen
Capital Management, LLC, Aberdeen Standard Investments ETFs
Advisors LLC and Standard Life Investments (Corporate Funds)
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
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SOURCE Aberdeen Total Dynamic Dividend Fund