Aberdeen Global Income Fund, Inc. Announces Performance Data and Portfolio Composition
03 Septiembre 2009 - 2:52PM
PR Newswire (US)
PHILADELPHIA, Sept. 3 /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 July 31, 2009. The Fund's total returns for
various periods through July 31, 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 (March 1992) 250.2 7.5 219.5
6.9 10-years 103.2 7.4 131.3 8.8 5-years 34.5 6.1 32.5 5.8 3-years
11.6 3.7 14.4 4.6 1-year -2.4 8.7 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 July
31, 2009, the portfolio was invested as follows: Currency Exposure
% * Geographic Exposure % Australia 23.2 23.2 United Kingdom 0.6
10.7 Canada 11.6 15.1 New Zealand 11.7 18.7 United States ** 48.2
1.7 Europe (ex UK) 1.1 3.5 Asia 1.4 10.6 Emerging Markets 2.2 16.5
* Currency allocations include impact of all foreign forward
currency exchange contracts. ** Of which 22.3% is invested in US$
denominated bonds issued by foreign issuers. As of July 31, 2009,
the top ten holdings of the portfolio were as follows: Holding
Coupon / Maturity (%) United Kingdom GILT 4.25%, 12/07/49 11.5 New
Zealand Government 6.00%, 12/15/17 3.9 Canadian Government 10.25%,
03/15/14 3.8 Canadian Government 9.00%, 06/01/25 3.0 Quebec Hydro
9.625%, 07/15/22 2.8 Canadian Government 8.00%, 06/01/23 2.7
Western Australia Treasury Corporation 8.00%, 07/15/17 2.4 Province
of British Columbia 9.50%, 01/09/12 2.2 Province of New Brunswick
7.75%, 01/13/14 2.2 Rabo Australia, Ltd. 6.25%, 11/22/11 2.1 TOTAL
36.6 As of July 31, 2009 the holdings of the portfolio represented
approximately 60.4% sovereign and state government securities, 3.1%
supranationals, 35.0% corporates and 1.5% cash. As of July 31,
2009, the Fund's net assets, including US$30 million in bank
borrowing, amounted to US$128.4 million with a net asset value per
share of common stock of US$10.93. As of July 31, 2009, 68.9% 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 40.0 16.3 12.6 9.8 17.2 3.9
0.2 As of July 31, 2009, the average credit quality of the
portfolio was A+. Maturity (%) 10 Years 29.9 17.6 29.5 23.0 As of
July 31, 2009, the average maturity of the portfolio was 9.7 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 $21 million,
which represents 70% 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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