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abrdn Emerging Markets Equity Income Fund Inc T.AEF


Primary Symbol: AEF

abrdn Emerging Markets Equity Income Fund, Inc. (the Fund) is a non-diversified closed-end, management investment company. The Fund's investment objective is to seek to provide both current income and long-term capital appreciation. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets equity securities. The Fund invests in a range of sectors, including information technology, financials, consumer discretionary, materials, industrials, communication services, energy, consumer staples, utilities, real estate, health care, private equity, and short-term investment. The Fund's investment adviser is abrdn Investments Limited. abrdn Investments Limited is an indirect, wholly owned subsidiary of abrdn plc.


NYSEAM:AEF - Post by User

Comment by gharrison1on Mar 26, 2018 9:31am
42 Views
Post# 27780287

RE:RE:RE:Low volume

RE:RE:RE:Low volumehttps://www.businesswire.com/news/home/20180308005638/en/Acasta-Update-Stellwagen-Sale-Ongoing-Strategic-Review

The Special Committee has unanimously determined in good faith that (a) Acasta is currently in serious financial difficulty, as absent the closing of the Proposed Transaction, Acasta would be unable to make the Principal Payment at the required time, and (b) the Proposed Transaction is designed to, and will improve Acasta’s financial position, as all available cash proceeds to be obtained on closing will be used to make the Principal Payment and will improve Acasta’s debt to EBITDA ratio, which is estimated to be 5.15 as at December 31, 2017.

https://www.stockhouse.com/companies/bullboard?symbol=t.aef&postid=27690800

If my post is correct, then something materially negative happened between Q3 and Q4, and Q3/17 financials may not be a reliable gauge for company valuation.


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