Exciting News for Investors: abrdn Global Premier Properties Fund Launches ATM Program
PHILADELPHIA, PA / ACCESS Newswire / January 23, 2025
abrdn Global Premier Properties Fund (NYSE:AWP) (the “Fund”), a closed-end fund, has announced that it filed with the U.S. Securities and Exchange Commission (“SEC”) on January 23, 2025, a prospectus supplement to its registration statement under which it may offer and sell from time to time, in one or more at-the-market offerings, the Fund’s common shares having an aggregate offering price of up to $27.5 million (the “ATM Program”). The Fund may not sell any common shares at a price below the current net asset value (“NAV”) of such common shares, exclusive of any distributing commission or discount.
Investors in the abrdn Global Premier Properties Fund have something to celebrate as the fund has launched an ATM Program that allows for the offering and selling of common shares worth up to $27.5 million. This exciting development was made possible after the fund filed a prospectus supplement with the SEC on January 23, 2025. The ATM Program will enable the fund to conduct at-the-market offerings, with the condition that no shares are sold below the current net asset value.
The launch of the ATM Program represents a strategic move by the abrdn Global Premier Properties Fund to raise capital and expand its investment opportunities. By offering common shares through at-the-market offerings, the fund can access capital efficiently and at potentially favorable prices, benefiting both the fund and its investors.
Investors interested in participating in the ATM Program should keep an eye out for upcoming offerings from the abrdn Global Premier Properties Fund. With a focus on global real estate investments, the fund offers a unique opportunity for investors to diversify their portfolios and potentially profit from the performance of the real estate market.
How This Will Affect You
As an investor, the launch of the ATM Program by the abrdn Global Premier Properties Fund presents an opportunity for you to potentially invest in a diverse range of global real estate assets. By participating in the fund’s at-the-market offerings, you can gain exposure to different real estate markets and potentially benefit from the fund’s performance.
How This Will Affect the World
The launch of the ATM Program by the abrdn Global Premier Properties Fund is expected to have a positive impact on the real estate market worldwide. By raising capital through at-the-market offerings, the fund can increase its investments in global real estate assets, contributing to the growth and development of real estate markets around the world.
Conclusion
The launch of the ATM Program by the abrdn Global Premier Properties Fund is an exciting development for investors and the real estate market alike. By offering common shares through at-the-market offerings, the fund can access capital efficiently and expand its investment opportunities, benefiting investors and contributing to the growth of global real estate markets.
