abrdn Global Infrastructure Income Fund Proposes Removing Term Structure

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The Board of Trustees of the abrdn Global Infrastructure Income Fund (ASGI) has approved a proposal to remove the fund's 15-year term limit and convert it to a perpetual fund, pending shareholder approval. The move is intended to enhance alignment with the fund's long-term infrastructure investment strategy, improve portfolio management flexibility, and support sustainable income generation while preserving shareholder liquidity.

Why it matters

Converting ASGI to a perpetual fund structure would allow the investment manager greater flexibility to manage the portfolio, particularly with respect to private infrastructure investments, which are a key part of the fund's strategy. This change is expected to support long-term value creation for shareholders.

The details

The abrdn Global Infrastructure Income Fund was established in 2020 with a defined 15-year term ending in July 2035. The proposed amendment would remove this term limit, allowing the fund to continue operating as a perpetual closed-end fund. This is expected to enhance the fund's ability to invest in long-duration, income-producing private infrastructure assets. If shareholders approve the change, the fund's investment advisory agreement will also be amended to institute breakpoints that could lower the net investment advisory fee paid by the fund as its assets grow.

• The fund was established in 2020 with a 15-year term ending in July 2035.
• Shareholders of record as of March 16, 2026 will be asked to vote on the proposal at a special meeting tentatively scheduled for May 27, 2026.

What’s next

Shareholders will vote on the proposal to remove the term structure at a special meeting tentatively scheduled for May 27, 2026.