abrdn Asia-Pacific Income Fund Inc FAX

abrdn Asia-Pacific Income Fund, Inc. (the Fund) is a closed-end, non-diversified investment management company. The Fund's principal investment objective is to seek current income. The Fund aims to provide monthly income by investing primarily in locally researched Asian and Australian debt securities. The Fund invests at least 80% of its assets, plus the amount of any borrowings for investment purposes in Asia-Pacific debt securities, which includes debt securities of Asia-Pacific Country issuers, including securities issued by Asia-Pacific Country governmental entities, as well as by banks, companies and other entities which are located in Asia-Pacific Countries, and debt securities issued by a wholly owned subsidiary of an entity located in an Asia-Pacific Country, provided that the debt securities are guaranteed by the parent entity located in the Asia-Pacific Country. The Fund's investment manager is abrdn Asia Limited.

NYSEAM:FAX - Post by User

abrdn Asia-Pacific Income Fund Inc

Bullboard Posts

Post by jenlinkon Jan 01, 2001 8:12am

347 Views

Post# 3055170

Cheap at $4.00?

Anyone following this and other Foreign Income Funds? This looks cheap at $4.00. Acording to Barrons, they have an NAV of $5.22 Therefore the discount is about 22% Current Yield about: 13.4% Might this be a good way to play "weaker US dollar" theme?

Bullboard Posts

WINNERS of the COP 29: Siemens Energy, Plug Power, dynaCERT!