Aberdeen Total Dynamic Dividend Fund Announces Results Of 2018 Annual Meeting Of Shareholders

PHILADELPHIA, Oct. 31, 2018 /PRNewswire/ -- Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) (the "Fund"), held its 2018 annual meeting of shareholders (the "Annual Meeting") on October 31, 2018. At the Annual Meeting, shareholders of the Fund voted (i) to re-elect John Sievwright as a Class I Trustee to the Board of Trustees and (ii) against 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.

As of the record date, July 20, 2018, there were 107,593,338 outstanding shares of the Fund. 91.74% of the outstanding shares were present at the Annual Meeting in person or by proxy, representing a quorum.

A description of the proposals and number of shares voted at the Annual Meeting are as follows:

Proposal 1: To elect one Class I Trustee to the Board of Trustees.

Trustees whose term of office continued beyond the Annual Meeting are as follows: P. Gerald Malone, Nancy Yao Maasbach and Martin Gilbert.

Proposal 2: 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. 

Because a majority of the outstanding voting shares of the Fund on the record date entitled to vote on the matter, did not vote "For" Proposal 2, the Proposal was not approved. In addition, a majority of the votes cast voted against the Proposal. Broker non-votes equaling 40,527,156 shares (37.67% of outstanding shares) were received on Proposal 2 but were not treated as votes cast and are therefore not reflected in the chart above.

Important Information
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.

Closed-end funds are traded on the secondary market through one of the stock exchanges. 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. All data and commentary provided is for informational purposes only.

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SOURCE Aberdeen Total Dynamic Dividend Fund