Bullboard - Stock Discussion Forum abrdn Asia-Pacific Income Fund VCC T.FAP

Alternate Symbol(s): ABAKF

abrdn Asia-Pacific Income Fund VCC is a Singapore-based closed-end investment company. The investment objective of the Company is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. The Company seeks to obtain these objectives primarily from investment in long-term debt securities. The Company also invests up to 100% of its total... see more

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abrdn Asia-Pacific Income Fund VCC > Dividend

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Post by KsMObanga on Jun 11, 2020 11:02am

Dividend

I bought this as a investment back in the late 1980's when it was paying $0.09 Canadian for the dividend. It looked like a good buy then'; strong dividend yield (9%) and the price was rising. Good choice on both fronts. However, since then we have witnessed this decline in value with erosion of the dividend ($0.09 to 0.08 then 0.06, and so on) now at $0.0225. With the decline the management has always given excuses for the decline. I still hold a few shares, but don't trust this fund will be a good long term hold for div. payout. Lost faith in management years ago.

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