abrdn Global Dynamic Dividend Fund (AGD) and abrdn Total Dynamic Dividend Fund (AOD) Announce 70% Increase in Distribution Rate and Adoption of a 12% Managed Distribution Policy

PHILADELPHIA, PA / ACCESSWIRE / August 8, 2024 / abrdn Global Dynamic Dividend Fund (NYSE:AGD) and abrdn Total Dynamic Dividend Fund (NYSE:AOD) (collectively, the "Funds") each, a closed-end management investment company, announced today its Board of Trustees (each a "Board" and collectively, the "Boards") have each approved the implementation of a managed distribution policy which will pay monthly, 12% of the average daily NAV for the previous month as of the month-end prior to declaration ("Managed Distribution Policy"). The new Managed Distribution Policy will commence with the distributions payable on August 30, 2024, to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024).

Based on each Fund's respective distribution rate announced below, shareholders of AGD will see an approximate 70% increase and AOD shareholders an approximate 74% increase in the monthly distribution rate for August.

Ticker	Exchange	Previous Stable Distribution Policy	New Managed Distribution Policy	Declared Distribution Amount
AGD	NYSE	Stable monthly distribution of $0.065	12% percent of the average daily NAV for the previous month as of the month-end prior to declaration	$0.11
AOD	NYSE	Stable monthly distribution of $0.0575	12% percent of the average daily NAV for the previous month as of the month-end prior to declaration	$0.10

The Funds each distribute monthly all or a portion of its net investment income, including current gains, to common shareholders. The distributions for each Fund will be made from net investment income, net realized capital gains and, to any extent necessary, return of capital.