TORONTO, ON / ACCESSWIRE / October 11, 2021 /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, 2021 to all ordinary shareholders of record as of October 22, 2021 (ex-dividend date October 21, 2021).
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.
The following table sets forth the estimated amounts and the sources of the distributions. The figures in the table below have been computed based on international financial reporting standards. The table includes estimated amounts and percentages for the distribution to be paid on October 29, 2021 as well as the estimated cumulative distributions declared fiscal year to date (11/01/2020 - 09/30/2021), from the following sources: net investment income; net realized gains; return of capital; and return of par. The final composition of the distributions is subject to change and may be impacted by future income, expenses and realized gains and losses on securities and currencies. Although a portion of any distribution may be recorded as a return of capital, the full amount of the distribution (other than a return of par) will be foreign income for Canadian income tax purposes.
| | Estimated Amounts of Current Monthly Distribution per share (C$) | Estimated Amounts of Current Monthly Distribution per share (%) | Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (C$) | Estimated Amounts of Fiscal Year to Date Cumulative Distributions per share (%) |
| Net Investment Income | $0.0171 | 76% | $0.2052 | 76% |
| Net Realized Gains | $0.0009 | 4% | $0.0108 | 4% |
| Return of Capital | - | - | - | - |
| Return of Par | $0.0045 | 20% | $0.0540 | 20% |
| Total (per common share) | $0.0225 | 100% | $0.2700 | 100% |
Shareholders should not draw any conclusions about the Company's investment performance from the amount of the Company's current distribution.
The amounts and sources of distributions set out above are estimates only and are not being provided for tax reporting purposes. The final determination of the source of all distributions made in 2021 will be made after the year-ended 2021. The actual amounts and sources of the amounts of distributions for tax reporting purposes will depend upon the Company's results during the remainder of the calendar year and are subject to any changes to applicable tax regulations. Information for tax reporting purposes will be provided to the Company's shareholders on a Form T5 in February of 2022.
https://www.accesswire.com/667634/Aberdeen-Asia-Pacific-Income-Investment-Company-Limited-Announces-Monthly-Distribution-and-Estimated-Earnings