Business Context and Reporting Period
This Form 8-K is a current report filed by the Aberdeen Global Dynamic Dividend Fund (formerly Alpine Global Dynamic Dividend Fund) on May 9, 2018, regarding events occurring on May 4, 2018. The Fund is incorporated in Delaware and is managed by an investment adviser that changed effective as of the close of business on May 4, 2018.
Key Financial Metrics
This filing is a current report regarding a change in the independent registered public accounting firm. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
- Accountant Resignation: Ernst & Young LLP (E&Y) resigned as the Fund's independent registered public accounting firm effective May 4, 2018.
- Reason for Resignation: The resignation was due to independence matters relating to the change in the Fund's investment adviser, which also became effective on May 4, 2018.
- Future Action: The Fund's Board of Trustees and Audit Committee are expected to select a new independent registered public accounting firm for the fiscal year ending October 31, 2018.
Guidance, Outlook, and Risks
Audit History and Disagreements:
- E&Y's reports on the Fund's financial statements for the fiscal years ended October 31, 2017, and October 31, 2016, did not contain adverse opinions, disclaimers, or qualifications.
- There were no disagreements between the Fund and E&Y regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedures during the two most recent fiscal years and the interim period through May 4, 2018.
- There were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K during the relevant periods.
Exhibits: A letter from E&Y dated May 4, 2018, confirming the disclosures in this report is filed as Exhibit 16.1.
Investor Verification Checklist
- Verify the identity of the new independent registered public accounting firm selected by the Board of Trustees.
- Confirm the details of the new investment adviser and the specific independence issues that necessitated E&Y's resignation.
- Review the Fund's next periodic report (e.g., Form N-CSR) for the first financial statements audited by the new firm.
- Check for any subsequent filings regarding the transition of the investment adviser.