abrdn Global Premier Properties Fund Files 8-K
Ticker: AWP · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1390195
| Field | Detail |
|---|---|
| Company | Abrdn Global Premier Properties Fund (AWP) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $27,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, disclosure, 8-k
TL;DR
abrdn Global Premier Properties Fund filed an 8-K on Jan 23, 2025, reporting material agreements and other events.
AI Summary
On January 23, 2025, abrdn Global Premier Properties Fund filed an 8-K report. The filing indicates the company entered into a material definitive agreement and also reported other events. Financial statements and exhibits were included as part of the filing.
Why It Matters
This 8-K filing signals significant corporate actions or agreements by abrdn Global Premier Properties Fund, which could impact its financial standing and future operations.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of material events and does not inherently indicate increased risk.
Key Players & Entities
- abrdn Global Premier Properties Fund (company) — Registrant
- January 23, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did abrdn Global Premier Properties Fund enter into?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on January 23, 2025.
What are the 'Other Events' reported in this 8-K filing?
The filing lists 'Other Events' as a category but does not provide specific details within the provided text.
When was abrdn Global Premier Properties Fund incorporated?
The company was incorporated in Delaware.
What is the principal executive office address for abrdn Global Premier Properties Fund?
The principal executive office is located at 1900 Market Street, Suite 200, Philadelphia, PA 19103.
Has the company's name changed previously?
Yes, the company was formerly known as ABERDEEN GLOBAL PREMIER PROPERTIES FUND until May 8, 2018, and prior to that, ALPINE GLOBAL PREMIER PROPERTIES FUND until February 15, 2007.
Filing Stats: 752 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2025-01-23 18:07:57
Key Financial Figures
- $27,500,000 — which the Fund may offer and sell up to $27,500,000 of common shares of beneficial interest
Filing Documents
- tm2424447d8_8k.htm (8-K) — 27KB
- tm2424447d8_ex1-1.htm (EX-1.1) — 86KB
- tm2424447d8_ex1-2.htm (EX-1.2) — 76KB
- tm2424447d8_ex5-1.htm (EX-5.1) — 11KB
- tm2424447d8_ex5-1img001.jpg (GRAPHIC) — 20KB
- 0001104659-25-005701.txt ( ) — 446KB
- awp-20250123.xsd (EX-101.SCH) — 3KB
- awp-20250123_lab.xml (EX-101.LAB) — 33KB
- awp-20250123_pre.xml (EX-101.PRE) — 22KB
- tm2424447d8_8k_htm.xml (XML) — 4KB
01
Item 1.01. Entry into a Material Definitive Agreement. On January 23, 2025, abrdn Global Premier Properties Fund (NYSE: AWP) (the "Fund") entered into a distribution agreement (the "Distribution Agreement") with ALPS Distributors, Inc. (the "Distributor"), pursuant to which the Fund may offer and sell up to $27,500,000 of common shares of beneficial interest with no par value ("Common Shares"), from time to time through the Distributor, in transactions deemed to be "at the market" as defined in Rule 415 under the Securities Act of 1933, as amended (the "Offering"). Under the Investment Company Act of 1940, as amended, the Fund may not sell any Common Shares at a price below the current net asset value of such common shares, exclusive of any distributing commission or discount. Pursuant to the Distribution Agreement, the Distributor may enter into sub-placement agent agreements with one or more selected dealers. The Distributor has entered into a sub-placement agent agreement, dated January 23, 2025 (the "Sub-Placement Agent Agreement"), with UBS Securities LLC (the "Sub-Placement Agent") relating to the Common Shares to be offered under the Distribution Agreement. The Offering is being made pursuant a prospectus supplement, dated January 23, 2025 and the accompanying prospectus, dated December 17, 2024, each of which constitute part of the Fund's effective shelf registration statement on Form N-2 (File No. 333- 282296) previously filed with the Securities and Exchange Commission (the "Registration Statement"). The foregoing descriptions of the Distribution Agreement and the Sub-Placement Agent Agreement do not purport to be complete and are qualified in their entirety by reference to the full text of the Distribution Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference, and the full text of the Sub-Placement Agent Agreement filed with this report as Exhibit 1.2 and incorporated herein by reference.
01
Item 8.01. Other Events On January 23, 2025, the Fund commenced the Offering pursuant to the Fund's Registration Statement. A copy of the opinion of Dechert LLP relating to the legality of the Common Shares is filed as Exhibit 5.1 to this report. The Fund incorporates by reference the exhibits filed herewith into the Registration Statement.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 1.1 Distribution Agreement between the Registrant and ALPS Distributors, Inc. 1.2 Sub-Placement Agent Agreement between ALPS Distributors, Inc. and UBS Securities LLC 5.1 Opinion of Dechert LLP 23.1 Consent of Dechert LLP (included in Exhibit 5.1) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. abrdn Global Premier Properties Fund Date: January 23, 2025 By: /s/ Robert Hepp Name: Robert Hepp Title: Vice President