PHILADELPHIA, Nov. 1, 2013 /PRNewswire/ -- The Board of
Directors of The Singapore Fund, Inc. (the "Fund") (NYSE: SGF),
announced today that they have approved a name change of the Fund,
effective November 1, 2013. The
Fund's change of name is designed to identify the Fund's investment
manager more clearly and differentiate the Fund in a competitive
market. The Fund's investment objective and ticker will remain the
same. The name change is as follows:
Current Fund
Name
|
Ticker
|
New Fund
Name
|
Website
|
The Singapore Fund,
Inc.
|
SGF
|
Aberdeen Singapore
Fund, Inc.
|
www.aberdeensgf.com
|
(Logo:
http://photos.prnewswire.com/prnh/20121106/NE07292LOGO )
Aberdeen's U.S. closed-end fund family provides access to the
world's emerging markets, specific regions, or particular
countries. Each fund benefits from Aberdeen's diligent company
research process and disciplined portfolio construction. Reflecting
the firm's breadth and global capabilities, Aberdeen Asset
Management is the largest manager of emerging market closed-end
funds offered around the world by both value and
number.[1]
For more information about Aberdeen's closed-end funds, please
visit Aberdeen's Closed-End Fund Investor Center at
www.aberdeen-asset.us/cef
Important Information
Aberdeen Singapore Fund, Inc. is
a closed-end management investment company that seeks long-term
capital appreciation by investing primarily in Singapore equity securities. The Fund's shares
are traded on the New York Stock Exchange under the trading symbol
"SGF."
International investing entails special risk considerations,
including currency fluctuations, lower liquidity, economic and
political risks, and difference in accounting methods; these risks
are generally heightened for single country funds.
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 a fund
will achieve its investment objective. Past performance does not
guarantee future results.
Aberdeen Asset Management is the marketing name in the U.S. for
the following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Managers Limited, Aberdeen
Asset Management Limited and Aberdeen Asset Management Asia Limited
(collectively, the "Aberdeen Advisers"). Each of the Aberdeen
Advisers is wholly owned by Aberdeen Asset Management PLC.
If you wish to receive this information
electronically, please contact:
InvestorRelations@aberdeen-asset.com
www.aberdeensgf.com
[1] Fund Consultants LLC, February
2013. Based on analysis of emerging market closed-end funds
offered in multiple jurisdictions as of December 31, 2012; data provided by Morningstar
Inc. Closed-end funds are defined as investment companies that are
1) listed on a recognized exchange; 2) possess fixed share capital;
and 3) were formed via subscriptions from the public via an open
offer or placement. Criteria for inclusion in the emerging markets
category is based on the World Bank's definition of emerging
countries as measured by lower and middle income per capita.
Criteria for fund inclusion is 1) at least 75% of gross assets
invested in emerging markets; and 2) funds with under 25% exposure
to Asian developed markets.
SOURCE Aberdeen Singapore Fund, Inc.