PHILADELPHIA, May 31, 2018 /PRNewswire/ -- Aberdeen Global
Premier Properties Fund (NYSE: AWP) (the
"Fund"), a closed-end fund, today announced that it paid on
May 31, 2018, a distribution of US
$0.05 per share to all shareholders
of record as of May 23,
2018.
This is the first distribution being made to shareholders since
the transition, on May 4, 2018, of
the investment advisory agreement from Alpine Woods Capital
Investors, LLC to Aberdeen Asset Managers Limited. The Fund
changed its name from Alpine Global Premier Properties Fund to
Aberdeen Global Premier Properties Fund effective May 7, 2018 and continues to trade on the NYSE
under the symbol "AWP".
Commencing with the June 2018
distribution, the record date and payable date for the Fund will
change. Each monthly distribution will be declared on the seventh
business day and will be payable on or around the last business day
of the month, with the exception of the December distribution,
which will be declared on the seventh business day of December and
will be payable in January.
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 (11/01/2017 - 04/30/2018),
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 Monthly Distribution per share ($)
|
Estimated Amounts of
Current Monthly 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
|
$0.0153
|
31%
|
$0.1070
|
31%
|
Net Realized
Short-Term Capital Gains*
|
-
|
-
|
-
|
-
|
Net Realized
Long-Term Capital Gains
|
-
|
-
|
-
|
-
|
Return of
Capital
|
$0.0347
|
69%
|
$0.2430
|
69%
|
Total (per common
share)
|
$0.0500
|
100%
|
$0.3500
|
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."
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 in this
notice 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.
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 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 InvestorRelations@aberdeenstandard.com
aberdeenawp.com
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SOURCE Aberdeen Global Premier Properties Fund