Aberdeen Asia-Pacific Income Fund: The Inevitable Cut Could Not Be Delayed [Seeking Alpha]
abrdn Asia-Pacific Income Fund, Inc. (FAX)
NASDAQ:AMEX Investor Relations:
aberdeenfax.com
Company Research
Source: Seeking Alpha
Aberdeen Asia-Pacific Income Fund: The Inevitable Cut Could Not Be Delayed Summary We called the FAX distribution cut last year. However, the new distribution is still not fully secure. The fund did not suffer great damage from the cut, owing to the margin of safety it had from its wide discount. This article was first released to CEF/ETF Income Laboratory subscribers 2 weeks ago, so data may be out of date. Please check latest data before making investment decisions. As mentioned in our latest CEF Weekly Roundup An excerpt from the press release PHILADELPHIA, April 9, 2019 /PRwire/ -- Aberdeen Asia-Pacific Income Fund, Inc. The investment objective of the Fund is to obtain current income. The Fund may also achieve incidental capital appreciation. The Fund has returned 7.8% annually since inception, and 6.9% for the 10 years, to March 31, 2019, respectively The Fund's distribution policy is to provide investors with a stable monthly distribution out of current income, supplemented by
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