PHILADELPHIA, April 24, 2019 /PRNewswire/ -- Aberdeen Total
Dynamic Dividend Fund¹ (the "Fund") (NYSE: AOD), a closed-end
equity fund, today provided updates on the Fund since the
transition of management to Aberdeen Asset Managers Limited
("Aberdeen") on May 4, 2018, (the
"transition date") including actions of the Board of Trustee in
support of the Fund's discount, and performance data and portfolio
composition as of March 31, 2019.
- On June 13, 2018, the Board of
Trustees authorized management to make open market purchases, from
time to time, up to 10% of the Fund's shares of stock outstanding
as of June 13, 2018. Share
repurchases may be made opportunistically at certain discounts to
NAV when management reasonably believes that such repurchases may
enhance shareholder value. There is no assurance the Fund will
purchase any shares or that the share repurchase program will have
an impact on the liquidity or value of the Fund or the Fund's
share. Share repurchase activity is disclosed monthly on the
Fund's website.
- The Board of Trustees approved the Fund's participation in the
Aberdeen Investor Relations program. This a comprehensive
program which includes all forms of marketing promotion including
direct shareholder and advisor engagement, communications and
outreach, marketing collateral and promotional campaigns and
industry event participation. Dedicated marketing and product
specialists work in coordination with Aberdeen's external wholesale
force to identify and support existing investors, key distribution
partners, intermediary firms, research analysts, and other key
gatekeepers, as well as potential buyers of the Fund by
enhancing relationships directly with financial advisors and
professional wealth managers, institutional investors, and other
stakeholders.
- The Board of Trustees approved an expense waiver agreement such
that the expense ratio of the Fund (excluding leverage costs,
taxes, interest, brokerage commissions and any non-routine
expenses) will not exceed 1.14%. This expense waiver serves to
provide shareholders with assurance that the Fund's expense ratio
will be lower than the 2017 fiscal year and will not exceed this
amount for a minimum period of two years from the transition
date.
![Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.) Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)](https://mma.prnewswire.com/media/50305/aberdeen_asset_management_inc__logo.jpg)
The Fund's total returns for various periods through
March 31, 2019 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price, and are stated net-of-fees):
|
Cumulative as of
03/31/19
(%)
|
Annualized as of
03/31/19 (%)
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
0.2
|
10.1
|
10.1
|
1.8
|
10.2
|
7.2
|
8.8
|
0.6
|
Market
Price
|
0.1
|
16.8
|
16.8
|
0.1
|
12.1
|
8.2
|
7.8
|
-0.8
|
MSCI AC
World Index
|
1.3
|
12.3
|
12.3
|
3.2
|
11.3
|
7.0
|
12.6
|
5.4
|
As of March 31, 2019, the Fund's
net assets amounted to US$982.5
million with a net asset value per share of common stock of
US$9.32.
As of March 31, 2019, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
17.4
|
Information
Technology
|
13.1
|
Industrials
|
11.9
|
Health
Care
|
10.6
|
Consumer
Discretionary
|
9.1
|
Consumer
Staples
|
8.6
|
Energy
|
7.5
|
Communication
Services
|
7.2
|
Materials
|
5.4
|
Real
Estate
|
4.9
|
Utilities
|
4.2
|
Country
|
Geographic
Exposure %
|
United
States
|
52.2
|
France
|
6.0
|
Switzerland
|
6.0
|
United
Kingdom
|
5.6
|
Japan
|
4.0
|
Germany
|
3.9
|
Canada
|
3.4
|
Spain
|
3.4
|
Sweden
|
3.1
|
Finland
|
2.8
|
South
Korea
|
2.6
|
Brazil
|
1.4
|
Hong Kong
|
1.3
|
Singapore
|
1.2
|
Australia
|
1.1
|
Netherlands
|
1.0
|
Italy
|
0.8
|
China
|
0.5
|
The Fund's ten largest equity holdings as of March 31, 2019, representing 14.5% of total
assets, were:
Holding
|
Percent of Net
Assets
|
Apple
|
2.2
|
Intel
Corp.
|
1.5
|
Cellnex
Telecom
|
1.4
|
American Tower
Corp.
|
1.4
|
Cisco
Systems
|
1.4
|
Microsoft
|
1.3
|
Alphabet
Inc.
|
1.3
|
LG
Chemical
|
1.3
|
Novartis
|
1.3
|
Zurich Insurance
Group
|
1.3
|
Important Information
Aberdeen Standard Investments
Inc. has prepared this report based on information sources believed
to be accurate and reliable. However, the figures are unaudited and
neither the Fund, its investment adviser, nor any other person
guarantees their accuracy. Investors should seek their own
professional advice and should consider the investment objectives,
risks, charges and expenses before acting on this information.
Aberdeen is a U.S. registered service mark of Aberdeen Asset
Management PLC.
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 is no guarantee of future results.
Investment returns and principle value will fluctuate and shares,
when sold, may be worth more or less than original cost. Current
performance may be lower or higher than the performance quoted. NAV
return data includes investment management fees, custodial charges
and administrative fees (such as Director and legal fees) and
assumes the reinvestment of all distributions. Returns for periods
less than one year are not annualized. Holdings are subject to
change and are provided for informational purposes only and should
not be deemed as a recommendation to buy or sell the securities
shown. Inception date January
27, 2007.
If you wish to receive this information
electronically, please contact
Investor.Relations@aberdeenstandard.com
aberdeenaod.com
1As of May 7,
2018, the Fund name changed from the Alpine Total Dynamic
Dividend Fund.
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SOURCE Aberdeen Total Dynamic Dividend Fund