Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
01 Junio 2009 - 12:31PM
PR Newswire (US)
PHILADELPHIA, June 1 /PRNewswire-FirstCall/ -- Aberdeen Global
Income Fund, Inc. (the "Fund") (NYSE AMEX: FCO), a closed-end bond
fund, announced today its performance data and portfolio
composition as of April 30, 2009. The Fund's total returns for
various periods through April 30, 2009 are provided below. (All
figures are based on distributions reinvested at the dividend
reinvestment price, and are stated net-of-fees): Period NAV Total
Return % Market Price Total Return % Cumulative Annualized
Cumulative Annualized Since Inception 207.2 6.8 163.5 5.8 (March
1992) 10-years 70.2 5.5 98.5 7.1 5-years 20.3 3.8 17.8 3.3 3-years
-1.8 -0.6 -5.4 -1.8 1-year -14.3 -11.8 The Fund's returns, which
are denominated in U.S. dollars, are affected by the performance of
the U.S. dollar against the various currencies listed below. As of
April 30, 2009, the portfolio was invested as follows: Currency
Exposure % * Geographic Exposure % Australia 23.1 23.1 United
Kingdom 0.6 10.4 Canada 11.7 15.1 New Zealand 12.3 18.9 United
States ** 48.7 0.9 Europe (ex UK) 0.2 3.0 Asia 1.2 10.6 Emerging
Markets 2.2 18.0 * Currency allocations include impact of all
foreign forward currency exchange contracts. ** Of which 23.1% is
invested in US$ denominated bonds issued by foreign issuers. As of
April 30, 2009, the Fund's net assets, including US$30 million in
bank borrowing, amounted to US$117.9 million with a net asset value
per share of common stock of US$9.78. As of April 30, 2009, 68.4%
of the portfolio was invested in securities where either the issue
or the issuer was rated "A" or better, or judged by the Investment
Manager to be of equivalent quality. The credit quality and
maturity breakdown of the portfolio was as follows: Credit Quality
(%) AAA/Aaa AA/Aa A BBB/Baa BB/Ba B CCC 41.4 12.5 14.5 10.3 18.1
2.9 0.3 As of April 30, 2009, the average credit quality of the
portfolio was A+. Maturity (%) 10 Years 25.0 17.8 32.1 25.1 As of
April 30, 2009, the average maturity of the portfolio was 10.3
years. A revolving credit loan facility, in the amount of
$30,000,000, was entered into on March 7, 2008 with the Bank of
Nova Scotia, in order to fund the redemption of the Fund's Auction
Market Preferred Stock ("AMPS") that took place in March 2008. The
leverage is used with the intent of enhancing returns by borrowing
at interest rates that are lower than the relatively higher yields
of the emerging market fixed income securities in which the Fund
invests. The Fund has entered into interest rate swap agreements in
order to fix the interest payable on an aggregate notional amount
of $19.4 million, which represents 65% of the bank loan facility.
Details regarding the revolving credit loan facility and the
interest rate swap agreements are contained in the Fund's annual
and semi-annual reports to shareholders. Important Information
Aberdeen Asset Management Inc., the Fund's Administrator, has
prepared this report based on information sources believed to be
accurate and reliable. However, the figures are unaudited and
neither the Fund, the Administrator, Aberdeen Asset Management Asia
Limited (the Investment Manager), Aberdeen Asset Management Limited
(the Investment Adviser), nor any other person guarantees their
accuracy. Investors should seek their own professional advice and
should consider the investment objectives, risks, charges and
expenses before acting on this information. Aberdeen is a U.S.
registered service mark of Aberdeen Asset Management PLC. Total
return figures with distributions reinvested at the dividend
reinvestment price are stated net-of-fees and represents past
performance. Past performance is not indicative of future results,
current performance may be higher or lower. Inception date March
12, 1992. If you wish to receive this information electronically,
please contact DATASOURCE: Aberdeen Global Income Fund, Inc.
CONTACT: Aberdeen Asset Management Inc., Investor Relations,
+1-866-839-5233,
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