Streetbeat News

ASGI

Abrdn Global Infrastructure Income Fund

http://www.aberdeenasgi.com/en-us

Industry

Asset Management - Income

abrdn Global Infrastructure Income Fund is a newly organized, non-diversified, closed-end management investment company. The Fund's investment objective is to seek to provide a level of total return with an emphasis on current income. Its investment portfolios include Public & Private/Direct Infrastructure Investments. The company is headquartered in Philadelphia, PA.

Open

18.10

Mkt cap

524M

Volume

211K

High

18.26

P/E Ratio

4.53

52-wk high

20.35

Low

18.08

Div yield

0.12

52-wk low

16.58

ASGI, a non-leveraged infrastructure-focused CEF, has seen underperformance and a widening discount, making it an attractive option. Its unique focus on industrial infrastructure and private investments sets it apart, despite higher expenses. The fund's 12% payout policy may not be sustainable, risking NAV erosion.

Portfolio Pulse from

January 16, 2025 | 11:30 pm

ASGI offers a high yield of 13.89% on infrastructure investments, with a focus on current income and total return, and operates without leverage. The fund's monthly distribution increased to $0.20 in 2024, and it trades at a 10% discount. The portfolio is heavily weighted towards North America, industrials, utilities, and energy sectors.

Portfolio Pulse from

January 10, 2025 | 2:30 pm

The article discusses the performance of ASGI, an infrastructure-focused investment, which has delivered strong returns but is now considered expensive. It was previously compared to UTF, with ASGI expected to outperform. Both have shown exceptional returns, but for different reasons.

Portfolio Pulse from

December 31, 2024 | 10:30 am

The article reviews high-yield closed-end funds (CEFs) and their performance in 2024, highlighting distribution changes, fund liquidations, rights offerings, and new fund launches. Notable CEFs like ACP, ASGI, AOD/AGD, and BlackRock funds have experienced distribution increases, reorganizations, and efforts to close discounts due to activist pressure.

Portfolio Pulse from

December 06, 2024 | 6:30 pm

abrdn U.S. Closed-End Funds, specifically the abrdn Global Infrastructure Income Fund (ASGI) and the abrdn Healthcare Opportunities Fund (THQ), announced distribution payments to shareholders. ASGI paid $0.2100 per share and THQ paid $0.1800 per share on November 29, 2024.

Portfolio Pulse from

November 29, 2024 | 9:30 pm

abrdn Glb Infr Inc Fd (NYSE:ASGI) will go ex-dividend on Tuesday, with the last chance for investors to receive the next dividend payout being Monday. The company will pay a monthly dividend of 16 cents per share, with the stock expected to open 16 cents lower on the ex-dividend date. Shareholders owning the stock by the end of Monday's session will be eligible for the dividend, which will be paid on January 31, 2024.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 2:45 pm

Stifel analyst Alexander Reiss has initiated coverage on abrdn Glb Infr Inc Fd (NYSE:ASGI) with a Buy rating.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 3:47 pm

abrdn Glb Infr Inc Fd (NYSE:ASGI) has announced a monthly dividend of 12 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 31, 2023.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 2:45 pm

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