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.

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abrdn Emerging Markets Equity Income Fund Inc > What is the path here?

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Comment by nini222on May 17, 2018 12:39pm

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Post# 28046538

RE:RE:RE:What is the path here?

They are being forced by lenders to repay everything. My guess is they are trying to sell there remaining business (Apollo) and wind up the entity. Pure theft by Melman, wasn't long ago he was selling this as a future Onex.

Looks like there is something like $1.5 - $2 / share in equity...who know though could be less or more and im sure the remaining management will do whatever they can to keep getting paid while the shareholders get fckd...well at least the retail shareholders.

I know one thing for sure, those warrants are worthless.

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