🧾 What This Document Is

This is a Proxy Statement (DEF 14A). Think of it as an official ballot and instruction manual sent to shareholders. The fund, abrdn Global Infrastructure Income Fund (ASGI), is asking its owners (shareholders) to vote on two important proposals at its upcoming annual meeting.

The meeting will be held on Wednesday, May 27, 2026, at 11:30 a.m. Eastern Time at the fund's offices in Philadelphia.

👉 Key Takeaway: This document explains what shareholders are voting on, why the board recommends a "FOR" vote, and all the details you need to make an informed decision.

🏢 What The Company Does

In simple terms, abrdn Global Infrastructure Income Fund (ASGI) is a closed-end fund that acts like a managed investment pool. It invests in infrastructure assets—think utilities, toll roads, airports, and energy pipelines—around the world. Its goal is to generate income for its shareholders.

A key part of its strategy is investing in private infrastructure deals, which are typically long-term projects not available on public stock markets. This fund is traded on the New York Stock Exchange (NYSE: ASGI), meaning shareholders can buy and sell its shares like a stock.

💰 The Main Event: Proposal 1 (The "Term Amendment")

This is the core of the proxy. Shareholders must decide whether to make the fund perpetual.

Current Rule: The fund is scheduled to terminate and liquidate on July 28, 2035 (with possible minor extensions by the board).
Proposal: Eliminate that termination date forever. The fund would continue indefinitely.

👉 Why it matters: A termination date forces the fund to eventually sell all its assets, which can be disruptive, especially for its long-term private investments. Removing this date aligns the fund's structure with the long-term nature of infrastructure projects.

💸 The "Sweetener": Lower Fees if Proposal 1 Passes

As a major incentive, the fund's manager (abrdn Inc.) has offered to lower its advisory fee if shareholders approve the perpetual structure.

Current Fee: A flat 1.35% of the fund's average daily "Managed Assets."
New Fee (if approved): A tiered "breakpoint" structure:
- 1.35% on Managed Assets up to $500 million
- 1.30% on Managed Assets between $500 million and $1 billion
- 1.25% on Managed Assets over $1 billion

👉 Why it matters: This is a direct cost-saving for shareholders. Based on the fund's current size, the fee would drop immediately, and could drop further as the fund grows.

🚀 What the Board is Recommending & Why

The fund's Board of Trustees unanimously recommends shareholders vote "FOR" Proposal 1.

They believe it offers several key benefits:

Stability for Long-Term Investing: Allows the fund to stay fully invested in its private infrastructure holdings without a looming deadline, avoiding potential "fire sales" of assets at bad times.
Lower Costs: The promised fee reduction saves shareholders money.
Growth Potential: A perpetual fund can grow larger, which may lead to better trading liquidity for its shares and lower per-share operating costs.
Shareholder Convenience: Investors who like the fund don't have to find a new investment in 2035.

⚖️ The Risks & What Happens if Proposal 1 Fails

The board also considered downsides:

Discount Risk: The fund's shares have sometimes traded at a discount to their underlying value (Net Asset Value or NAV). Removing the fixed termination date—which guarantees value realization at NAV—could make this discount risk worse over time. (Though shares have recently traded at a premium).
Manager Conflict: The investment adviser benefits from longer fee collection, but the board notes it must still renew their contract annually.

If shareholders vote "NO": The fund keeps its current termination date of July 28, 2035. The board could extend it once for up to a year and again for six more months. As the date nears, the fund would start selling assets, which could hurt its performance. The board could then launch a "tender offer" to buy back all shares at NAV, but only if the fund stays above $100 million in size afterward.

👥 Proposal 2: Electing Trustees

Shareholders also vote to elect three Class III Trustees to the board. The board presents the qualifications and experience of the nominees. The board currently has 7 members: 6 are independent, and one (Alan Goodson) is considered an "interested person" because he is an employee of an affiliate of the investment adviser.

📅 Key Dates & Logistics

Record Date: You must own shares by March 16, 2026, to vote.
Meeting: May 27, 2026, in Philadelphia. Call 1-800-522-5465 if you plan to attend.
How to Vote: By mail, phone, internet, or in person. Your vote matters.
Vote Required: Proposal 1 needs a majority of votes cast. Proposal 2 (trustees) uses a plurality system (the top vote-getters win).

🧠 The Analogy

Think of this like a subscription service with an expiration date. Currently, your subscription to the "ASGI Infrastructure Income Plan" is set to auto-cancel in 2035. Proposal 1 asks: "Do you want to remove the expiration date so you can keep the service forever, and we'll even give you a discount on your monthly fee as a thank you?" If you say yes, it becomes a lifetime membership. If you say no, it will expire as planned.

📇 Key Contacts & People

Fund Name: abrdn Global Infrastructure Income Fund
Address: 1900 Market Street, Suite 200, Philadelphia, PA 19103
Proxy Solicitor (for questions): EQ Fund Solutions, LLC
- Phone: (800) 848-3374 (Weekdays, 9 a.m. to 10 p.m. ET)
Secretary of the Fund: Megan Kennedy
Website for Materials: http://www.aberdeenasgi.com
Independent Auditors: KPMG LLP

🧩 Final Takeaway

Shareholders of ASGI face a critical vote: extend the fund's life indefinitely and lock in lower fees, or keep the current path toward liquidation in 2035. The board strongly favors making the fund perpetual, arguing it benefits long-term strategy and cost structure. Vote FOR Proposal 1 to approve the change and lower fees, and FOR Proposal 2 to elect the recommended trustees.

abrdn Global Infrastructure Income Fund — DEF 14A Filing