ASGI Sets Terms for Transferable Rights Offering: 1-for-3 Subscription at 92.5% of Market or NAV

summarizeSummary

ASGI announced terms for a transferable rights offering: one new share for every three rights held, priced at 92.5% of the lower of market price or NAV, with rights trading on the NYSE from September 18 through October 14, 2026.

check_boxKey Events · Financing and Capital Events · ASGI

• Rights Offering Terms Approved

  Board approved issuance of transferable rights to common shareholders of record on September 21, 2026, with a 1-for-3 subscription ratio (one new share for every three rights held).

• Subscription Price Formula

  Price will be 92.5% of the average closing market price over the Expiration Date and four preceding trading days, with a floor of 92.5% of NAV per share if that is higher.

• Rights Trading on NYSE

  Rights expected to trade 'when issued' under ASGI RTWI from September 18, 2026, and 'regular way' under ASGI RT from September 22, 2026, with last trading day October 14, 2026.

• Subscription Period

  Subscription period expected to begin on the Record Date (September 21, 2026) and expire October 15, 2026, unless extended.

auto_awesomeAnalysis · ASGI · Unknown

The Fund's Board has approved a transferable rights offering that lets existing shareholders buy one new share for every three rights held, at a subscription price set at 92.5% of the lower of the five-day average market price or NAV. The rights will trade on the NYSE, giving shareholders the option to sell them if they don't want to subscribe. The offering is designed to raise capital for infrastructure investments while letting shareholders maintain their proportional ownership, but it will dilute those who don't participate and comes with a sales load. The pricing formula protects against deep discounting to NAV, but the final price won't be known until the October 15 expiration date.