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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 02082E205 (prev. 02082E106 )
- Market Cap
- Small Cap · $128 Million
- IPO
- 7/26/2006 · $20.00/share
- Previous Name
- Alpine Global Dynamic Dividend Fund
Fund Description: Aberdeen Global Dynamic Dividend Fund, formerly Alpine Global Dynamic Dividend Fund, is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Aberdeen Global Dynamic Dividend Fund seeks high current dividend income, more than 50% of which qualifies for the reduced federal income tax rates created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The Fund also focuses on long-term growth of capital as a secondary investment objective. FUND STRATEGY: The Fund combines three research-driven investment strategies: dividend capture, value and growth, to maximize the amount of distributed dividend income that is qualified for reduced federal income tax rates and to identify companies globally with the potential for dividend increases and capital appreciation. The Fund uses a multi-cap, multi-sector, multi-style approach to invest in the securities of issuers of any capitalization level (small, mid or large) and in any sector of industry. The Fund's dividend capture strategy has two facets. The first facet is rotation strategy, in which the Fund would sell a stock on or shortly after the stock's ex-dividend date, provided that holding requirements are met that would permit the Fund to take advantage of the reduced federal tax rate, and use the sale proceeds to purchase one or more other stocks that are expected to pay dividends before the next dividend payment on the stock being sold. Through this practice, the Fund may receive more dividend payments over a given period of time than if it held a single stock. The second facet is to capture special dividends where a company decides to return large cash balances to shareholders as a one-time dividend payment, for instance due to a restructuring or recent strong operating performance. The Fund expects to invest at least 80% of its net assets in equity securities, primarily common stocks, issued by U.S. companies and qualified foreign corporations whose equity securities are readily traded on an established U.S. or foreign securities market, that pay dividends which qualify for federal tax rates similar to the rates applied to long-term capital gains. Under normal circumstances, the Fund intends to, although it is not required to, invest in the securities of issuers located in approximately 10 to 20 foreign countries, with foreign investments representing approximately 50% to 80% of the Fund's assets. The foreign countries in which the Fund may invest include, but are not limited to, the U.K., Germany, Australia, Sweden, Taiwan and other primarily Western European, Scandinavian and East Asian countries. The Fund screens the U.S. and foreign companies in which it considers investing using the same criteria, including, generally, high dividend yield, sufficiently liquid trading in an established market, and also its judgment that the issuer may have good prospects for earnings growth or may be undervalued. FUND MANAGEMENT: Aberdeen Asset Management Inc.serves as the Adviser for the Fund.
Company Contact
- Headquarters
- 1735 Market Street, 32nd Floor, Philadelphia, PA 19103
- Phone
- 800-522-5465 · Toll-Free 866-839-5205
- Fax
- 866-354-4005
- Investor Relations
- 866-839-5205 · investorrelations@aberdeenstandard.com