FAX:dividend and dates 8.65% yield ex-date 12-28-17 pays $0.035 month | FAX Message Board Posts

Aberdeen Asia-Pacific Income Fund Inc.

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Msg  36694 of 36694  at  12/14/2017 11:09:28 AM  by

shiftsuper175607

The following message was updated on 12/14/2017 11:12:29 AM.

FAX:dividend and dates 8.65% yield ex-date 12-28-17 pays $0.035 month

  
 Monthly payer that many like...
 

Aberdeen Asia-Pacific Income Fund, Inc. Announces Record Date And Payment Date For Monthly Distribution

Dec. 11, 2017 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE American: FAX) (the "Fund"), a closed-end fund, today announced that it will pay on January 8, 2018, a distribution of US $0.035 per share to all shareholders of record as of December 29, 2017.">PHILADELPHIA, Dec. 11, 2017 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE American: FAX) (the "Fund"), a closed-end fund, today announced that it will pay on January 8, 2018, a distribution of US $0.035 per share to all shareholders of record as of December 29, 2017.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

Your Fund's distribution policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

Under U.S. tax rules applicable to the Fund, the amount and character of distributable income for each fiscal year can be finally determined only as of the end of the Fund's fiscal year. However, under Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act") and related Rules, the Fund may be required to indicate to shareholders the source of certain distributions to shareholders.

11/01/2017 - 11/30/2017), from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital.  The estimated composition of the distributions may vary from month to month because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.">The following table sets forth the estimated amounts of the sources of the distribution for purposes of Section 19 of the 1940 Act and the Rules adopted thereunder. The table has been computed based on generally accepted accounting principles. The table includes estimated amounts and percentages for the distribution to be paid on January 8, 2018 as well as the estimated cumulative distributions declared fiscal year to date (11/01/2017 - 11/30/2017), from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital. The estimated composition of the distributions may vary from month to month because the estimated composition may be impacted by future income, expenses and realized gains and losses on securities and currencies.


Estimated Amounts of Current Monthly Distribution per share ($)

Estimated Amounts of Current Monthly Distribution per share (%)

Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share ($)

Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (%)

Net Investment Income

$0.0151

43%

$0.0301

43%

Net Realized Short-
Term Capital Gains*

-

-

-

-

Net Realized Long-
Term Capital Gains

-

-

-

-

Return of Capital

$0.0199

57%

$0.0399

57%

Total (per common share)

$0.0350

100%

$0.0700

100%

*includes currency gains

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

Shareholders should not draw any conclusions about the Fund's investment performance from the amount of the Fund's current distributions or from the terms of the distribution policy (the "Distribution Policy").

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The final determination of the source of all distributions in 2017 will be made after year-end. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides the Fund's total return performance based on net asset value (NAV) over various time periods compared to the Fund's annualized and cumulative distribution rates.

Average Annual Total Return on NAV for the 5 Year Period Ending 11/30/20171

0.39%

Current Fiscal Period's Annualized Distribution Rate on NAV2

7.76%

Fiscal Year to Date (11/01/2017 to 11/30/2017)

Cumulative Total Return on NAV1

0.34%

Cumulative Distribution Rate on NAV2

0.65%

November 30, 2017.">1Return data is net of all fund expenses and fees and assumes the reinvestment of all distributions reinvested at prices obtained under the Fund's dividend reinvestment plan.
2 Based on the Fund's NAV as of November 30, 2017.

 


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