TORONTO, Oct. 9, 2019 /CNW/ -- Aberdeen Asia-Pacific
Income Investment Company Limited (TSX: FAP) (the "Company"), a
closed-end investment company trading on The Toronto Stock
Exchange, announced today that it will pay a monthly distribution
of CAD 2.25 cents per ordinary share
on October 29, 2019 to all ordinary
shareholders of record as of October 21,
2019 (ex-dividend date October 18,
2019).
For the 12 months to September 30,
2019, the Company has paid total distributions amounting to
CAD 34.00 cents per ordinary
share.
The policy of the Company's Board of Directors is to maintain a
stable monthly distribution out of net investment income and
realized capital gains supplemented with paid-in capital as
required. This policy is subject to regular review at the Board's
quarterly meetings.
Shareholders with registered addresses in Canada will receive distributions in Canadian
dollars unless they have elected otherwise. Although a portion of
any distribution may be recorded as a return of capital for
financial statement purposes, the full amount of the distribution
(other than a return of capital out of par value, if any) will be
foreign income for Canadian income tax purposes. The Company's
portfolio is managed by Aberdeen Standard Investments (Asia) Ltd., and it is further advised by
Aberdeen Standard Investments Australia Ltd. and sub-advised by
Aberdeen Asset Managers Ltd. The Company's Administrator is
Aberdeen Standard Investments Inc.
Information in this press release that is not current or
historical factual information may constitute forward-looking
information within the meaning of securities laws. Implicit in this
information, particularly in respect of future financial
performance and condition of the Company, are factors and
assumptions which, although considered reasonable by the Company at
the time of preparation, may prove to be incorrect. Shareholders
are cautioned that actual results are subject to a number of risks
and uncertainties, including general economic and market factors,
including credit, currency, political and interest-rate risks and
could differ materially from what is currently expected. The
Company has no specific intention of updating any forward-looking
information whether as a result of new information, future events
or otherwise, except as required by law.
Aberdeen Standard Investments ("ASI") is the marketing name in
Canada for the following
affiliated entities: Aberdeen Standard Investments Inc. and
Aberdeen Standard Investments (Canada) Limited. Aberdeen Standard Investments
(Canada) Limited, is registered as
a Portfolio Manager and Exempt Market Dealer in all provinces and
territories of Canada as well as
an Investment Fund Manager in the provinces of Ontario, Quebec, and Newfoundland and Labrador. Aberdeen Standard Investments Inc.
is registered as a Portfolio Manager in the Canadian provinces of
Ontario, New Brunswick, and Nova Scotia and as an Investment Fund Manager
in the provinces of Ontario,
Quebec, and Newfoundland and Labrador. Both entities are indirect wholly
owned subsidiaries of Standard Life Aberdeen PLC.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Company'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 Company. There is no assurance that the
Company will achieve its investment objective. Past performance
does not guarantee future results.
If you wish to receive this information
electronically, please contact
Investor.Relations@aberdeenstandard.com
aberdeenfap.com
SOURCE Aberdeen Asia-Pacific Income Investment Company
Limited