PHILADELPHIA, PA / ACCESSWIRE / May 25, 2023 / The following abrdn U.S. Closed-End Funds announced they each held their Annual Meeting of Shareholders (the "Meetings") on May 25, 2023. At the Meetings, shareholders of the respective Funds voted on the proposals set forth below:
abrdn Asia-Pacific Income Fund, Inc. ("FAX")
As of the record date, April 10, 2023, FAX had outstanding 247,695,769 shares of common stock and 2,000,000 or private preferred stock. 70.00% of outstanding common stock and 90% of the outstanding private preferred stock were voted representing a quorum.
To elect one Class II Director to the Board of Directors:
Votes For | Votes Against/Withheld | Votes Abstained | |
P. Gerald Malone | 149,991,861 | 21,010,187 | 3,779,378 |
To approve the continuation of the term of one Director under the Corporate Governance Policies:
Votes For | Votes Against/Withheld | Votes Abstained | |
William J. Potter | 1,800,000 | - | - |
abrdn Global Income Fund, Inc. ("FCO")
As of the record date, April 10, 2023, FCO had outstanding 12,540,892 shares of common stock. 64% of outstanding common stock were voted representing a quorum.
To elect two Class I Directors to the Board of Directors:
Votes For | Votes Withheld | Votes Abstained | |
P. Gerald Malone | 7,692,327 | 202,639 | 154,442 |
Moritz Sell | 7,687,033 | 207,839 | 154,536 |
To approve the continuation of the term for one Director under the Corporate Governance Policies:
Votes For | Votes Against/Withheld | Votes Abstained | |
William J. Potter | 7,684,894 | 211,437 | 153,077 |
abrdn Australia Equity Fund, Inc. ("IAF")
As of the record date, April 10, 2023, IAF had outstanding 25,469,348 shares of common stock. 72.82% of outstanding common stock were voted representing a quorum.
To elect two Class II Directors to the Board of Directors:
Votes For | Votes Against/Withheld | Votes Abstained | |
Radhika Ajmera | 13,806,779 | 4,741,419 | - |
P. Gerald Malone | 13,808,161 | 4,740,038 | - |
To approve the continuation of the terms for two Directors under the Corporate Governance Policies:
Votes For | Votes Against/Withheld | Votes Abstained | |
William J. Potter | 13,858,888 | 4,689,310 | - |
Moritz Sell | 14,824,905 | 3,723,293 | - |
abrdn Income Credit Strategies Fund ("ACP")
As of the record date, April 10, 2023, ACP had outstanding 52,075,560 shares of common stock and 1,600,000 shares of outstanding preferred stock. 81.73% of outstanding common stock and 64.92% of outstanding preferred stock were voted representing a quorum.
To elect one Class III Trustee to the Board of Trustees:
Votes For | Votes Withheld | |
P. Gerald Malone | 39,197,933 | 4,670,785 |
For Preferred Stock Only: To elect one Preferred Share Trustee to the Board of Directors:
Votes For | Votes Against/Withheld | |
Randolph Takian | 928,143 | 110,589 |
abrdn Global Dynamic Dividend Fund ("AGD")
As of the record date, April 10, 2023, AGD had outstanding 24,865,080 shares of common stock. 76.23% of the outstanding shares were voted at the Meeting representing a quorum.
To elect two Class III Trustee to the Board of Trustees:
Votes For | Votes Withheld | |
Nancy Yao Maasbach | 16,990,343 | 1,963,612 |
Stephen Bird | 17,208,832 | 1,745,123 |
Aberdeen Total Dynamic Dividend Fund ("AOD")
As of the record date, April 10, 2023, AOD had outstanding 105,430,998 shares of common stock. 82.63% of the outstanding shares were voted at the Meeting representing a quorum.
To elect two Class III Trustee to the Board of Trustees:
Votes For | Votes Withheld | |
Nancy Yao Maasbach | 75,140,466 | 11,978,073 |
Stephen Bird | 80,745,035 | 6,373,505 |
abrdn Global Premier Properties Fund ("AWP")
As of the record date, April 10, 2023, AWP had outstanding 85,407,951 shares of common stock. 73.09% of the outstanding shares were voted at the Annual Meeting representing a quorum.
To elect two Class III Trustee to the Board of Trustees:
Votes For | Votes Withheld | |
Nancy Yao Maasbach | 57,896,728 | 4,523,612 |
Stephen Bird | 60,084,637 | 2,335,703 |
The India Fund, Inc. ("IFN")
As of the record date, April 10, 2023, IFN had outstanding 29,704,016 shares of common stock. 68% of outstanding common stock were voted representing a quorum.
To elect two Class II Directors to the Board of Directors:
| Votes For | Votes Against | Votes Abstained | |
Luis F. Rubio | 19,209,091 | 751,368 | 359,438 |
Nisha Kumar | 19,264,023 | 706,537 | 349,337 |
To approve the continuation of the term for one Director under the Corporate Governance Policies:
Votes For | Votes Against | Votes Abstained | |
Jeswald W. Salacuse | 19,178,293 | 768,369 | 373,235 |
abrdn Global Infrastructure Income Fund ("ASGI")
As of the record date, April 10, 2023, ASGI had outstanding 25,206,605 shares of common stock. 86.75% of the outstanding shares were voted at the Meeting representing a quorum.
To elect one Class I Trustee to the Board of Trustees:
Votes For | Votes Withheld | |
Gordon A. Baird | 20,070,026 | 1,795,899 |
To elect one Class II Trustee to the Board of Trustees:
Votes For | Votes Withheld | |
Chris LaVictoire Mahai | 20,043,344 | 1,822,581 |
To elect three Class III Trustees to the Board of Trustees:
Votes For | Votes Withheld | |
Thomas W. Hunersen | 20,046,049 | 1,819,876 |
Nancy Yao Maasbach | 18,897,400 | 2,968,525 |
Stephen Bird | 19,443,203 | 2,422,722 |
In the United States, abrdn is the marketing name for the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited., abrdn Australia Limited, abrdn Asia Limited, Aberdeen Capital Management, LLC, abrdn ETFs Advisors LLC and abrdn Alternative Funds Limited.
Closed-end funds are traded on the secondary market through one of the stock exchanges. A 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 a Fund will achieve its investment objective. Past performance does not guarantee future results.
www.abrdn.com/en-us/cefinvestorcenter#
For More Information Contact:
abrdn U.S. Closed-End Funds
Investor Relations
800-522-5465
Investor.Relations@abrdn.com
SOURCE: abrdn U.S. Closed-End Funds
View source version on accesswire.com:https://www.accesswire.com/757423/abrdn-US-Closed-End-Funds-Announce-Results-of-Annual-Meeting-of-Shareholders
