PHILADELPHIA, Sept. 26, 2018 /PRNewswire/ -- Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) (the "Fund"), announced that its 2018 annual meeting of shareholders (the "Annual Meeting") has been rescheduled for October 18, 2018 at 10:00 a.m. (Eastern time) and will be held at the offices of Aberdeen Asset Management Inc. located at 1735 Market Street, 32nd Floor, Philadelphia, PA 19103. The record date for the Annual Meeting remains July 20, 2018.
The Annual Meeting was rescheduled to allow time for shareholder consideration of matters submitted by an activist hedge fund. The activist hedge fund (i) announced its intention to nominate its own candidate to the Board of Trustees ("Board") of the Fund, and (ii) submitted a proposal to declassify the Board for consideration at the Annual Meeting.
The purpose of the Annual Meeting is to consider and act upon the following proposals, and to consider and act upon such other matters as may properly come before the Annual Meeting or any adjournments or postponements thereof:
- To elect one Class I Trustee to serve for a three-year term.
- A shareholder proposal that the Board take the necessary steps to declassify the Board of Trustees of the Fund so that all Trustees are elected on an annual basis.
More details on these matters will be included within a new proxy statement which will be mailed to shareholders in advance of the new Annual Meeting date.
Shareholders of the Fund should disregard any form of proxy materials and card previously received from the Fund. If shareholders have already submitted a 2018 proxy card for the previously scheduled date for the Annual Meeting (which was September 19, 2018), they will need to submit a new card even if their vote has not changed. Previously completed proxy cards will be disregarded. For more information, please review the Fund's proxy statement which will be made available, once released, at aberdeenaod.com or call the Fund's Investor Relations line at 800-522-5465.
The Fund is traded on the secondary market through the New York Stock Exchange. The 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 the Fund will achieve its investment objective.
Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life Investments. In the United States, Aberdeen Standard Investments is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen Standard Investments Australia Limited (formerly known as Aberdeen Asset Management Ltd.), Aberdeen Standard Investments (Asia) Limited (formerly known as Aberdeen Asset Management Asia Ltd.), Aberdeen Asset Capital Management, LLC, Standard Life Investments (Corporate Funds) Ltd., and Standard Life Investments (USA) Ltd.
If you wish to receive this information electronically, please contact Investor.Relations@aberdeenstandard.com.
SOURCE Aberdeen Total Dynamic Dividend Fund